🔑 What is the ICICI Prudential Flexicap Fund?
The ICICI Prudential Flexicap Fund is an open-ended dynamic equity scheme offered by
ICICI Prudential Mutual Fund.
As a Flexi Cap Fund, it invests a minimum of 65% of its total assets in equity and equity-related instruments,
without any fixed limit on market capitalization.
This gives the fund manager complete freedom to invest across Large-cap, Mid-cap, and Small-cap stocks depending on market conditions —
aiming for long-term capital appreciation.
- ✅ Increase Large-cap exposure during volatile markets for stability.
- ✅ Tilt towards Mid-cap and Small-cap stocks during growth cycles.
📊 Key Scheme Information
| Feature | Details | Key Takeaway |
|---|---|---|
| Fund Category | Equity – Flexi Cap | Dynamic investment across all market caps. |
| Benchmark Index | BSE 500 Total Return Index (TRI) | Used to measure fund’s performance. |
| Risk Profile | Very High | Suitable for aggressive long-term investors. |
| ICICI Flexicap Fund NAV | Check Latest NAV | Updated daily on AMC website. |
| Minimum SIP Amount | ₹100 only | Start small and grow consistently. |
| Exit Load | 1% if redeemed within 12 months | Encourages long-term investment. |
| Assets Under Management (AUM) | ₹18,868 Cr (as of Sep 2025) | Indicates strong investor confidence. |
📈 Fund Performance & Allocation
The fund maintains a balanced allocation across market caps:
- Market Cap Allocation: Heavily large-cap, with selective mid/small-cap exposure.
- Top Sectors: Financial Services, Automobile, Capital Goods, and Consumer sectors.
Historically, the ICICI Prudential Flexicap Fund has delivered competitive returns over
the 3-year and 5-year periods, thanks to its active management and adaptability.
🤔 Flexicap vs Multicap: Which is Better?
| Parameter | Flexicap Fund | Multicap Fund |
|---|---|---|
| Allocation Rules | Dynamic – No fixed limit | Fixed – 25% each in Large, Mid & Small-cap |
| Flexibility | High | Limited |
| Adaptability | Adjusts to market trends | Rigid allocation |
💰 Tax Liability & Important Taxation Details
Understanding the taxation of equity mutual funds is crucial before investing.
- Short-Term Capital Gains (STCG): Redeemed within 1 year — taxable at 20% (plus cess/surcharge).
- Long-Term Capital Gains (LTCG): Held over 1 year — gains up to ₹1 lakh exempt, above that taxed at 12.5%.
- For NRIs: STCG 15%, LTCG 10% on gains above ₹1 lakh (subject to DTAA).
- Dividends: Added to income and taxed as per slab (if opted for Dividend plan).
Read Taxation details on Moneycontrol ↗
✅ Pros & ❌ Cons
✅ Pros
- Flexible allocation across Large, Mid & Small caps.
- One-stop diversified equity solution.
- Low minimum SIP of ₹100.
- Suitable for long-term wealth creation.
- Active management for capturing opportunities.
❌ Cons
- Very high risk; market-dependent returns.
- Exit load if redeemed before 12 months.
- Tax on short-term capital gains.
- Performance depends on fund manager’s strategy.
🎯 Who Should Invest?
- Long-Term Investors: Ideal for 7+ years horizon.
- Diversification Seekers: Covers all market segments in one fund.
- Aggressive Investors: For those comfortable with equity volatility.
🔗 Useful Links
- Flexicap vs Multicap Funds Explained (Internal Link)
- How to Start SIP in Mutual Funds (Internal Link)
- Official ICICI Prudential AMC Page (External Link)
- Fund Overview on Groww (External Link)
🚀 Start Your Flexi Cap SIP Today!
Looking for the best Flexi Cap mutual fund to grow your wealth?
Start your SIP in the ICICI Prudential Flexicap Fund today and enjoy the power of diversification and flexibility.
🔗 Visit our blog FinancialRelease.org
& Watch SIP tutorials on YouTube.