The ICICI Prudential Flexicap Fund has completed five years since its launch, delivering strong long-term returns. According to the fund house, a lump sum investment of ₹10 lakh at launch would have grown to nearly ₹19.6 lakh by June 2026.

Mutual funds remain one of the most popular long-term investment options, and recent performance data released by ICICI Prudential Mutual Fund highlights how disciplined investing can create wealth over time.

The asset management company announced that its ICICI Prudential Flexicap Fund has completed five years since launch and shared its performance as of June 30, 2026.

₹10 Lakh Investment Nearly Doubled

According to the fund house:

• A ₹10 lakh lump sum investment made at the fund's launch would have grown to approximately ₹19.61 lakh by June 30, 2026.

• The scheme delivered a Compound Annual Growth Rate (CAGR) of 14.55% during this period.

• The fund outperformed its benchmark, the BSE 500 Total Return Index (TRI), which generated a CAGR of 11.88% over the same period.

Past performance, however, does not guarantee future returns.

Fund Completed Five Years

The ICICI Prudential Flexicap Fund was launched on July 17, 2021.

On July 17, 2026, the fund completed five years, and the asset management company released updated performance figures to mark the milestone.

How SIP Investors Fared

The fund house also shared the performance of a systematic investment plan (SIP).

According to the data:

• A monthly SIP of ₹10,000 started at the fund's launch would have accumulated to around ₹8.47 lakh.

• The SIP generated an annualised return of approximately 13.83% during the period.

SIPs help investors invest regularly and reduce the impact of market volatility over time.

What Is a Flexicap Fund?

The ICICI Prudential Flexicap Fund is an open-ended equity flexicap scheme.

Flexicap funds have the flexibility to invest across:

• Large-cap companies.

• Mid-cap companies.

• Small-cap companies.

This allows fund managers to adjust allocations depending on market conditions and investment opportunities.

Investment Strategy

According to the fund manager, the scheme primarily follows a bottom-up stock selection approach, focusing on identifying fundamentally strong businesses with long-term growth potential.

The investment strategy emphasizes:

• Quality businesses.

• Long-term wealth creation.

• Research-driven stock selection.

• Portfolio diversification across market capitalisations.

Current Portfolio Allocation

As of June 30, 2026, the portfolio allocation was approximately:

• 61% in large-cap stocks.

• 9% in mid-cap stocks.

• 25% in small-cap stocks.

The portfolio reportedly has a higher exposure to consumption-oriented businesses while maintaining diversification across sectors.

Should Investors Invest Based on Past Returns?

Financial experts caution that investment decisions should not be based solely on historical performance.

Before investing, investors should evaluate:

• Their financial goals.

• Investment horizon.

• Risk tolerance.

• Portfolio diversification.

• Fund strategy and consistency.

A fund that has performed well in the past may not necessarily generate similar returns in the future.

Key Highlights

• Fund completed 5 years since launch.

• ₹10 lakh lump sum grew to around ₹19.61 lakh.

• 14.55% CAGR over five years.

• Outperformed the BSE 500 TRI benchmark.

• ₹10,000 monthly SIP accumulated to around ₹8.47 lakh.

• Diversified investments across large-, mid-, and small-cap stocks.

Disclaimer: Mutual fund investments are subject to market risks. Past performance does not guarantee future returns. Investors should read all scheme-related documents carefully and consult a qualified financial advisor before making investment decisions.