Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential ESG Exclusionary Strategy Fund

Holds 52 companies worth ₹1,233 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹1,275 CrICICI Prudential ESG Exclusionary Strategy Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.0% on Aug 2026, ₹1,356 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 9.7% of this scheme's NAV.

  • Fund manager

    Mittul KalawadiaRuns it since 1 Mar 2022, as the fund house dates it. With Ayush Shah (fund manager).

Overview(1 Sept 2026)

Fund managers2

  1. Mittul KalawadiaFund manager · Mar 2022 · 19y · M.Com B.Com
  2. Ayush ShahFund manager · Aug 2026 · 4y · MBA

    Key facts

    Benchmark
    Nifty 100 ESG TRI
    Expense
    Regular 2.2% · Direct 1.14%
    Exit load
    1% within 1 month
    Started
    9 Oct 2020
    Minimum
    ₹5,000

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

    What changed(4 changes)

    Aug 2026

    2 changes
    1. Category
      31 AugEquity - Sectoral / Thematic → Equity - Thematic
    2. Ayush Shah joined
      2 Augas fund manager

    Jul 2026

    2 changes
    1. Exit load
      26 Jul1% within 12 months → 1% within 1 month
    2. Expense ratio
      22 JulRegular 2.15% → 2.2%Direct 1.01% → 1.14%

    Source.Its filings at NSE, since Jan 2026.

    Fund managers over time(Mar 2022 – now)

    1. Mittul Kalawadia
    2. Ayush Shah
    MainCoSlice2023202420252026
    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(Jan 2026 – Sept 2026)

    Every change to the expense ratio, newest first.
    2 changesRegularDirectΔ pt
    22 Jul 20262.20%1.14%0.13
    5 Jan 20262.15%1.01%–
    Direct plan, 22 Jul 2026
    1.14%
    Regular plan 2.20% · Exit load 1% within 1 month
    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

    To generate long-term capital appreciation by investing in a diversified basket of companies identified based on the Environmental, Social and Governance (ESG) theme following Exclusion Strategy. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

    Risk, type and benchmark

    At launch
    High
    Type
    Open Ended
    Benchmark
    Nifty 100 ESG TRI
    Benchmark 2
    Nifty 50 TRI

    Asset allocation it may hold% of NAV

    1. Governance (ESG) theme following Exclusion Strategy
      Allowed80–100%
    2. Other Equity and Equity related instruments
      Allowed0–20%Holds96.7%
    3. Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
      Allowed0–20%
    4. Units issued by InVITs
      Allowed0–10%Holds0.0%

    Holds in Sept 2026.96.7% equity · 3.3% debt and cash

    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 be processed on the immediate next Business Day.
    SIP minimum
    Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000, then re. 1/-
    SIP instalments
    Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

    Selling and switching

    To redeem
    Any amount
    Switch minimum
    ₹5,000
    Switch multiples
    Any amount
    STP how often
    Daily,Weekly,Monthly,Quarterly
    STP dates
    Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* *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, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
    STP instalments
    Daily,Weekly,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, then re. 1/-
    SWP instalments
    Monthly,Quarterly, Half Yearly,Annual = 2

    Scheme details(1 Sept 2026)

    What it is

    Category
    Equity - Thematic
    Offer
    21 Sept 2020 to 5 Oct 2020
    Started
    9 Oct 2020
    Reopened
    14 Oct 2020
    Plans
    ICICI Prudential ESG Exclusionary Strategy Fund - Direct Plan - Growth · ICICI Prudential ESG Exclusionary Strategy Fund - Direct Plan - IDCW · ICICI Prudential ESG Exclusionary Strategy Fund - Regular Plan - Growth · ICICI Prudential ESG Exclusionary Strategy Fund - Regular Plan - IDCW
    Face value
    ₹10
    Listed
    No

    How it is run

    Swing pricing
    No
    Side-pocketing
    No
    Custodian
    HDFC Bank Limited, SBI-SG Global Securities Services Pvt. Ltd., Citibank N. A., and Hongkong and Shanghai Banking Corporation Limited (HSBC) are acting as Custodians for the Scheme.
    Auditor
    BSR & Co. LLP
    Registrar
    Computer Age Management Services Limited
    SEBI code
    ICIC/O/E/THE/20/02/0119