ICICI Pru Quality Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
ICICI Pru Quality Fund Direct Growth Plan is at ₹10.54 as of 15 Sep 2026, with scheme AUM of ₹2,144 Cr. Its 1-year, 3-year and 5-year returns are 2.03%, 0% and 0%, and the fund sits in the High Risk category. Our view is that the current profile suits investors who want a quality-oriented equity fund, but the short operating history and muted medium-term showing mean expectations need to stay measured rather than aggressive.
The benchmark comparison is mixed because the fund has held up better than Nifty 50 over 1 year, but the longer record is too limited to support a strong long-horizon read. The portfolio is spread across 62 holdings, led by bank, healthcare and capital-goods names, which may help diversify company-specific risk even though the top positions still matter.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.54 as of 15 Sep 2026 |
| AUM | ₹2,144 Cr |
| Expense Ratio | 0.82% |
| Launch Date | 23 May 2025 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 12M, Nil after 12M |
| Fund Managers | Masoomi Jhurmarvala |
The fund is managed by Masoomi Jhurmarvala.
Source data date: as of 15 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.83% | -4.81% |
| 3M | 1.84% | -3.63% |
| 1Y | 2.03% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The fund’s short-term path has been choppy, but the latest 1-month figure is still a little less negative than the benchmark. That matters because it shows the portfolio did not fall as much as the index in the most recent stretch, even though both moved lower.
Over 3 months, the fund has been ahead of Nifty 50 by a clear margin. The benchmark stayed weak, while the fund recovered into positive territory. That pattern suggests the portfolio has been able to capture some upside in a softer market environment, which is useful for investors watching near-term resilience.
The 1-year picture is stronger for the fund than for the benchmark, with the fund posting a modest gain while Nifty 50 declined. At the same time, there is no 3-year or 5-year return history here because the scheme was launched on 23 May 2025. Our view is that this makes the recent record useful for observing behaviour, but not enough on its own to judge a full cycle.
The time pattern also shows swings rather than a smooth climb, so the fund has not behaved like a low-volatility defensive product. For investors, that means the recent outperformance against the benchmark comes with equity-style ups and downs, not with capital protection.
Source data date: as of 15 Sep 2026
Should you BUY or HOLD ICICI Pru Quality?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding ICICI Pru Quality? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| ICICI Pru Quality Fund Direct Growth Plan | 2.03% | Data not available | Data not available |
| ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan | 69.8% | 36.32% | Data not available |
| Kotak Healthcare Fund Direct Growth Plan | 26.51% | Data not available | Data not available |
| Motilal Oswal Active Momentum Fund Direct Growth Plan | 25.46% | Data not available | Data not available |
| HDFC Pharma and Healthcare Fund Direct Growth Plan | 25.31% | Data not available | Data not available |
| PGIM India Healthcare Fund Direct Growth Plan | 23.52% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s 1-year return is far below the peer set shown here, where the comparable funds have much stronger recent numbers. That said, the fund’s own 3-month and 1-year readings are better than the benchmark, so the short-term story is about beating a weak index rather than matching the stronger peer names.
Because 3-year and 5-year figures are not available for this scheme, the longer-horizon comparison is inherently limited. Among peers with a 3-year figure, one healthcare-and-energy-oriented fund shows a substantially stronger multi-year track record, which highlights how different the return paths can be inside the same broad equity space. For this fund, the key takeaway is that recent relative steadiness exists, but the available peer data does not place it among the more powerful long-run return profiles.
Source data date: as of 15 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd. | Bank | 7.71% |
| Divi’S Laboratories Ltd. | Healthcare | 4.24% |
| Bharat Electronics Ltd. | Capital Goods | 4.16% |
| TREPS | Cash & Cash Equivalents and Net Assets | 3.74% |
| Mahindra & Mahindra Ltd. | Automobile & Ancillaries | 3.53% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.93% |
| Astrazeneca Pharma India Ltd. | Healthcare | 2.63% |
| Hindustan Unilever Ltd. | FMCG | 2.59% |
| HDFC Bank Ltd. | Bank | 2.5% |
| Eicher Motors Ltd. | Automobile & Ancillaries | 2.13% |
The largest holding, ICICI Bank Ltd., is 7.71%, so no single stock dominates the portfolio on its own. The drop from the largest position to the tenth holding, Eicher Motors Ltd. at 2.13%, is fairly steady rather than abrupt, which suggests the visible allocation is not built around one or two oversized bets.
The top ten holdings together account for about 36.16% of the portfolio, leaving a long tail across the remaining disclosed positions. With 62 holdings in total, the scheme may have enough spread to soften the impact of individual stock moves, while the leading names are still large enough to matter.
The visible mix leans toward banks, healthcare, capital goods and select consumer names. That pattern may support a quality style, but it also means sector leadership and stock selection could remain important drivers of results.
To see all holdings, visit the ICICI Pru Quality Fund Direct Growth Plan page
Source data date: as of 15 Sep 2026
Who should invest
This fund is more suitable for investors who can tolerate High Risk and who are comfortable with a stock-heavy equity portfolio. The short history and the uneven return pattern mean it is better viewed as a medium- to long-horizon holding rather than a near-term parking place.
The fund has done better than Nifty 50 over 1 year and 3 months, but it does not yet have a full 3-year or 5-year record to build confidence across market cycles. That makes the main trade-off clear: you may get a portfolio that has recently held up better than the benchmark, but you must accept the usual equity volatility and the uncertainty that comes with a newer scheme.
The underlying holdings are spread across 62 names, so the fund is not a single-stock concentration play. Even so, the top positions still matter, which means investors should be comfortable with company-specific swings as well as broader market moves.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold within 12 months; no exit load after 12 months.
Source data date: as of 15 Sep 2026
Frequently asked questions
What is the current NAV of ICICI Pru Quality Fund Direct Growth Plan?
The current NAV is ₹10.54 as of 15 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 2.03%, while the 3-year and 5-year returns are Data not available because the scheme is too new for those periods.
How has it performed against Nifty 50?
It has done better than Nifty 50 over 1 month, 3 months and 1 year. The gap is most visible over 3 months and 1 year, where the benchmark stayed negative and the fund stayed in positive territory or close to it.
How does it compare with the peer funds listed here?
The fund’s 1-year return is much lower than the peer funds shown here. Some peers also have stronger 3-year results, which shows that the recent relative record for this fund is modest by comparison.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Masoomi Jhurmarvala. The exit load is 1% if units are sold within 12 months, and there is no exit load after 12 months.
Bottom line
ICICI Pru Quality Fund Direct Growth Plan has shown a better short-term run than Nifty 50, but the available record is still short and the 1-year result is modest compared with the peer names listed here. Its High Risk profile fits investors who can accept equity volatility, while the 62-holding portfolio and a 7.71% top position suggest reasonable diversification without removing stock-specific influence. For investors who want a newer quality-focused equity fund and can wait through uneven periods, the recent behaviour is informative, but not yet a full-cycle proof point.
Published on 16 September 2026 at 4:36 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.