Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Equity Savings Fund

Holds 87 companies worth ₹10,994 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹14,905 CrICICI Prudential Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.6% on Aug 2026, ₹15,795 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 8.6% of this scheme's NAV.

  • Fund manager

    Sri SharmaRuns it since 30 Apr 2021, as the fund house dates it. With Manish Banthia (co-manager), Ritesh Lunawat (co-manager), Dharmesh Kakkad (co-manager), Archana Nair (co-manager), Ajaykumar Solanki (co-manager).

Overview(1 Sept 2026)

Fund managers6

  1. Sri SharmaFund manager · Apr 2021 · 8y · CFA M.Com
  2. Manish BanthiaCo-manager · Dec 2014 · 22y · MBA B.Com
  3. Ritesh LunawatCo-manager · Dec 2020 · 11y · CFA B.Com
  4. Dharmesh KakkadCo-manager · Feb 2021 · 15y · CFA M.Com
  5. Archana NairCo-manager · Feb 2024 · 7y · B.Com
  6. Ajaykumar SolankiCo-manager · Aug 2024 · 10y · CFA B.Com

    Key facts

    Benchmark
    Nifty Equity Savings TRI
    Risk
    Low to Moderate
    Expense
    Regular 1.59% · Direct 1.12%
    Exit load
    10% within 7 days
    Started
    5 Dec 2014
    Minimum
    ₹5,000

    Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

    What changed(11 changes)

    Aug 2026

    1 change
    1. Expense ratio
      31 AugRegular 1.57% → 1.59%Direct 1.1% → 1.12%

    May 2026

    2 changes
    1. Expense ratio
      13 MayRegular 0.96% → 1.57%Direct 0.49% → 1.1%
    2. Riskometer
      13 MayModerate → Low to Moderate

    Apr 2026

    2 changes
    1. Expense ratio
      7 AprRegular 0.98% → 0.96%Direct 0.5% → 0.49%
    2. Riskometer
      7 AprLow to Moderate → Moderate

    Source.Its filings at NSE, since Aug 2024.

    Fund managers over time(Dec 2014 – now)

    1. Sri Sharma
    2. Manish Banthia
    3. Ritesh Lunawat
    4. Dharmesh Kakkad
    5. Archana Nair
    6. Ajaykumar Solanki
    MainCoSlice201520172019202120232025
    Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

    Costs(Aug 2024 – Sept 2026)

    Every change to the expense ratio, newest first.
    6 changesRegularDirectΔ pt
    31 Aug 20261.59%1.12%0.02
    13 May 20261.57%1.10%0.61
    7 Apr 20260.96%0.49%0.01
    9 Sept 20250.98%0.50%0.02
    11 Aug 20250.96%0.48%0.02
    26 Aug 20240.97%0.50%–
    Direct plan, 31 Aug 2026
    1.12%
    Regular plan 1.59% · Exit load 10% within 7 days
    Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

    Objective and risk(1 Sept 2026)

    Objective

    The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However there can be no assurance or guarantee that the investment objectives of the scheme will be achieved.

    Risk, type and benchmark

    Riskometer
    Low to Moderate
    At launch
    Low to Moderate
    Type
    Open Ended
    Benchmark
    Nifty Equity Savings TRI

    Asset allocation it may hold% of NAV

    1. Equity & Equity related instruments (other than derivatives)
      Allowed65–90%
    2. Net Long (Unhedged position)
      Allowed15–40%
    3. Derivatives
      Allowed0–90%
    4. Debt and Money Market Instruments, including Units of Debt oriented mutual fund schemes
      Allowed10–35%
    5. Units issued by INVITs, Preference Shares or any other asset as may be permitted by SEBI from time to time
      Allowed0–10%
    6. Equity & Equity related instruments (other than derivatives)
      Allowed15–90%
    7. Net Long (Unhedged position)
      Allowed10–40%
    8. Derivatives
      Allowed0–90%
    9. Debt and Money Market Instruments, including Units of Debt oriented mutual fund schemes
      Allowed10–85%
    10. Units issued by INVITs, Preference Shares or any other asset as may be permitted by SEBI from time to time
      Allowed0–10%

    Holds in Sept 2026.73.1% equity · 26.2% debt and cash · 0.6% REITs and InvITs

    How to invest(1 Sept 2026)

    Buying

    To start
    ₹5,000, then in multiples of ₹1
    To add
    ₹1,000, then in multiples of ₹1
    SIP how often
    Daily,Weekly,Fortnightly,Monthly,Quarterly
    SIP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
    SIP minimum
    Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000 Choti SIP = Monthly = Rs. 250 only (For classifying as Choti SIP amount should not be more or less than Rs.250/-), then re. 1/-
    SIP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4 Choti SIP = Monthly = 60

    Selling and switching

    To redeem
    Any amount
    Switch minimum
    ₹5,000
    STP how often
    Daily,Weekly,Monthly,Fortnightly,Quarterly
    STP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* Fortnightly = 1st and 16th day of each month as applicable *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
    STP minimum
    Monthly, Weekly, Fortnightly,Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
    STP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4
    SWP how often
    Monthly,Quarterly, Half Yearly,Annual
    SWP dates
    Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
    SWP minimum
    Any amount
    SWP instalments
    Monthly,Quarterly, Half Yearly,Annual = 2

    Scheme details(1 Sept 2026)

    What it is

    Category
    Hybrid - Equity Savings
    Offer
    18 Nov 2014 to 2 Dec 2014
    Started
    5 Dec 2014
    Reopened
    8 Dec 2014
    Plans
    ICICI Prudential Equity Savings Fund - Direct Plan - Growth · ICICI Prudential Equity Savings Fund - Direct Plan - IDCW - Quarterly · ICICI Prudential Equity Savings Fund - Growth · ICICI Prudential Equity Savings Fund - IDCW - Quarterly
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    Provisions for Segregated Portfolio have been added as as enabler
    Custodian
    Citibank N.A.,HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
    Auditor
    BSR & Co. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    ICIC/O/H/ESF/14/11/0051