Value Strategy

ICICI Prudential AMC Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
31 March 2007
Min. Investment
₹50,00,000
AUM (Cr.)
₹1018.16
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

The Portfolio's investment strategy focuses predominantly on equities identified as substantially undervalued. This implies allocating capital to companies whose current market valuations are considerably lower than their assessed intrinsic worth.

Investment Objective

We manage capital with a focus on long-term growth prospects, employing a value investing approach.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH 1.81% -0.24% 2.05%
3 MONTHS 6.86% 5.02% 1.84%
6 MONTHS 7.06% 1.63% 5.43%
1 YEAR 10.10% 7.63% 2.47%
2 YEAR 15.77% 11.64% 4.13%
3 YEAR 25.59% 16.40% 9.19%
5 YEAR 25.94% 16.82% 9.12%
SINCE INCEPTION 13.31% 12.85% 0.46%

Calendar Year Performance

Year Return
CY 2009 64.58%
CY 2008 -66.70%
CY 2007 81.06%
CY 2025 10.10%
CY 2024 21.76%
CY 2023 47.77%
CY 2022 24.50%
CY 2021 28.46%
CY 2020 13.34%
CY 2019 3.38%
CY 2018 -7.79%
CY 2017 38.93%
CY 2016 -3.61%
CY 2015 2.71%
CY 2014 90.50%
CY 2013 11.33%
CY 2012 39.49%
CY 2011 -34.20%
CY 2010 2.54%

Financial Year Performance

Year Return
FY 26_YTD 16.63%
FY 09 -57.68%
FY 08 24.87%
FY 25 5.14%
FY 24 67.80%
FY 23 10.54%
FY 22 30.82%
FY 21 52.79%
FY 20 -22.89%
FY 19 3.25%
FY 18 14.91%
FY 17 23.77%
FY 16 -9.37%
FY 15 70.96%
FY 14 32.82%
FY 13 8.23%
FY 12 -11.49%
FY 11 -4.81%
FY 10 81.48%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Anand Shah

CIO – PMS & AIF

Mr. Anand Shah joined IPAMC in February 2021, taking on the responsibility of Head of PMS and AIF Investments. Prior to this, he served as Deputy CEO and Head of Investments at BNP Paribas Asset Management Company, where his purview included the management of both domestic and international investment mandates, encompassing sub-advisory and sales functions. His distinguished career in fund management has been recognized with multiple awards, including 'The CIO of the Year Award 2014-15' presented by Asia Asset Management. Mr. Shah's tenure at BNP Asset Management lasted for approximately ten years, commencing in March 2011. preceding this engagement, he led the equities division at Canara Robeco Asset Management for three years, from March 2008. His earlier career also includes roles as Co-Head of Equities at ICICI Prudential Asset Management and Vice President of Investments at Kotak Mutual Fund, where he served for six years from May 2000 to December 2006. Mr. Shah is an alumnus of the Indian Institute of Management Lucknow, holding a Post Graduate Diploma in Management, and is a Bachelor of Engineering graduate from Regional Engineering College, Surat.

Chockalingam Narayanan

Head Equities – PMS & AIF (Long only)

Mr. Chockalingam commenced his tenure at ICICI Prudential AMC in July 2022. He currently serves as a Senior Fund Manager, overseeing both Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) at IPAMC. With close to twenty years of comprehensive expertise, Mr. Chockalingam possesses a strong background in fund management, investment research, and market analysis. His contributions have been significant in dissecting business fundamentals to generate pertinent and actionable insights, thereby fostering portfolio expansion. He is a recognised authority for providing in-depth macroeconomic analysis, alongside insights into financial markets and Environmental, Social, and Governance (ESG) factors. These elements have consistently formed the bedrock of diverse investment strategies he has developed throughout his career. Prior to his association with IPAMC, Mr. Chockalingam held positions at distinguished institutions including Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Pvt Limited, and Batlivala & Karani Securities. Academically, he holds a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal, and a Bachelor of Commerce from G. R. Damodaran College of Science. Furthermore, he is a certified Financial Risk Manager (FRM) by the Global Association of Risk Professionals, USA.

Portfolio Details

Portfolio Composition

Large Cap
53.63%
Mid Cap
8.89%
Small Cap
36.71%
Cash & Equivalent
0.77%

Top 5 Holdings

  • Larsen & Toubro Ltd 7.27%
  • ICICI Bank Ltd 6.84%
  • Bharti Airtel Ltd 6.35%
  • HDFC Bank Ltd 5.67%
  • State Bank of India Ltd 5.02%

Top 5 Sectors

  • Banks 24.43%
  • Ferrous Metals 15.83%
  • Auto Components 11.48%
  • Construction 7.33%
  • Telecom - Services 6.40%

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
31.15%
top 5 sectors percent
65.47%
average market cap
378339.54
portfolio age
18 Yrs, 9 Months
sip
Not Available
stp
Not Available

Fee Structure

Fixed Fee

AMC: 2.5%

Variable Fee

AMC: 1.5%

Hurdle: 10%

Profit Sharing: 15%

Exit Load

Year 1: 1%

Year 2: 0%

Year 3: 0%

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Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)