Investment Objective and Approach

The primary objective of the Scheme is to seek to generate capital appreciation by predominantly investing in equity and equity related securities of small cap stocks. The fund focuses on building a diversified portfolio of small-cap companies, which are typically positioned 251st onwards in terms of market capitalization ranking as per SEBI guidelines.

The investment approach emphasizes identifying small-cap companies with strong growth potential, solid business fundamentals, and capable management teams. The fund managers employ a bottom-up stock selection process, conducting detailed analysis of individual companies before making investment decisions. This strategy aims to capitalize on the growth opportunities available in the small-cap segment while managing associated risks through careful security selection and portfolio diversification.

Fund Managers

S Naren, Atul Patel, Priyanka Khandelwal is the Current Fund Manager of ICICI Prudential Smallcap Fund Direct Plan Growth fund. However, some sources also mention Anish Tawakley and Aatur Shah as fund managers, indicating recent changes in the management team.

S. Naren is a veteran fund manager with extensive experience in the Indian equity markets. Naren is currently the Chief Investment Officer of ICICI Prudential Asset Management Company Limited since 2008. He is an alumnus of the Indian Institute of Management, Calcutta and is an Engineering graduate from IIT Madras (now Chennai). He is a tried and tested expert of the Indian securities market.

The fund management team brings together decades of collective experience in equity research, portfolio management, and understanding of small-cap market dynamics. Their expertise in identifying undervalued opportunities and managing portfolio risks has been instrumental in the fund's performance over the years.

About the Fund House (AMC)

ICICI Prudential Asset Management Company Ltd. is one of the largest asset management company (AMC) in the country. It is a joint venture between ICICI Bank in India and Prudential Plc, in UK. Established in 1993, ICICI Prudential is a collaboration between ICICI Bank and Prudential Plc, a globally influential insurance company.

Key Facts about ICICI Prudential AMC:

- This scheme was made available to investors on 12 Oct 1993.

- The AMC has witnessed substantial growth in scale; from 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of 3072 employees with a reach across over 350 locations reaching out to an investor base of 97 lakh investors (as on January 31st, 2024).

- As of June 19, 2024, ICICI Prudential Mutual Fund has an Assets Under Management (AUM) of Rs. 7,33,779.84 crore and boasts a team of renowned fund managers.

- It is headquartered in Mumbai and offers a diverse range of funds catering to various income levels.

The company's growth momentum has been exponential and it has always focused on increasing accessibility for its investors. Driven by an entirely investor centric approach, the organization today is a suitable mix of investment expertise, resource bandwidth and process orientation. The AMC endeavors to simplify its investor's journey to meet their financial goals, and give a good investor experience through innovation, consistency and sustained risk adjusted performance.

Should I Invest in ICICI Prudential Smallcap Fund?

Investment Considerations:

Positive Factors:

- Strong long-term track record with Over the past five years, ICICI Prudential Smallcap Fund has delivered an annualised return of 31.83% as of 14-Jul-2025.

- Experienced fund management team with deep market expertise

- Large AUM base indicating investor confidence: The fund currently has an Asset Under Management(AUM) of ₹9,87,232 Cr as of 07 Aug 2025

- Low minimum investment requirements making it accessible to retail investors

Risk Factors:

- The ICICI Prudential Smallcap Fund Direct Plan Growth is rated Very High risk.

- Small-cap investments are inherently more volatile than large-cap investments

- Higher susceptibility to market downturns and liquidity constraints

- Requires longer investment horizon for optimal results

Suitability:

This fund is suitable for investors who:

- Have a high-risk tolerance

- Seek long-term capital appreciation (minimum 5-7 years investment horizon)

- Want exposure to small-cap companies with growth potential

- Can withstand significant short-term volatility

- Are looking to diversify their equity portfolio across market capitalizations

Recent Performance Note:

ICICI Prudential Smallcap Fund Direct Plan-Growth scheme return performance in last 1 year is -3.29%, in last 3 years is 71.57% and 690.40% since scheme launch. This indicates that while recent short-term performance has been negative, the long-term returns remain strong.

FAQs

What is today's NAV of ICICI Prudential Smallcap Fund?

The latest NAV varies by plan. The Direct Growth plan NAV is ₹97.9300 as of 03 Aug 2025, while other sources show slight variations based on the specific date and plan type.

What is the AUM of ICICI Prudential Smallcap Fund?

The fund currently has an Asset Under Management(AUM) of ₹9,87,232 Cr as of 07 Aug 2025. Different sources show slight variations, with another report indicating ₹8,565.60 Crores for the Direct Growth plan.

What is the expense ratio of ICICI Prudential Smallcap Fund?

It boasts an AUM of Rs. 6,989.26 crore and an expense ratio of 0.7%. The expense ratio may vary slightly between direct and regular plans, with direct plans typically having lower expense ratios.

What are the returns of ICICI Prudential Smallcap Fund since inception?

ICICI Prudential Smallcap Fund Direct Plan-Growth scheme return performance in last 1 year is -3.29%, in last 3 years is 71.57% and 690.40% since scheme launch. The fund has delivered exceptional long-term returns despite recent short-term volatility.

What is the minimum SIP amount to invest in ICICI Prudential Smallcap Fund?

The minimum investment required to start investing in ICICI Prudential Smallcap Fund is ₹5,000 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

How do I invest in ICICI Prudential Smallcap Fund?

You can invest through Allvest platform, directly from ICICI Prudential's website, or through registered mutual fund distributors. Allvest provides a convenient online platform for direct plan investments with competitive features.

How to start a SIP in ICICI Prudential Smallcap Fund?

Open an account with Allvest, complete your KYC, select the fund, choose SIP option, set your monthly investment amount (minimum ₹100), and provide bank mandate for automatic deduction.

How do I automate an SIP in ICICI Prudential Smallcap Fund?

Set up a bank mandate through Allvest platform or your bank for automatic monthly deduction. This ensures seamless continuation of your SIP without manual intervention each month.

How can I withdraw/redeem my investment in ICICI Prudential Smallcap Fund?

You can redeem through Allvest platform, AMC website, or by submitting redemption forms. Note that Exit load of 1% if redeemed upto 1 year applies to discourage short-term trading.