ICICI Pru Transportation and Logistics Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

ICICI Pru Transportation and Logistics Fund Direct Growth Plan has a NAV of ₹22.72 as of 16 September 2026 and an AUM of ₹4,119 Cr. Its 1-year, 3-year and 5-year returns are 5.14%, 21.1% and 0%, respectively, and the scheme sits in the High Risk category. Our view is that the fund suits investors who can tolerate sharp swings in a theme-led equity portfolio and who can stay invested long enough for the transport and logistics cycle to play out.

The fund’s longer history is still relatively short, so the 5-year figure is not meaningful as a track record signal. Even so, the 3-year return is materially stronger than the 1-year return, which points to a fund that has worked better over a fuller cycle than in the most recent year.

Quick facts

Particular	Details
NAV	₹22.72 as of 16 Sep 2026
AUM	₹4,119 Cr
Expense Ratio	1.04%
Launch Date	28 Oct 2022
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 1M, Nil after 1M
Fund Managers	Rajat Chandak, Priyanka Khandelwal

The fund is managed by Rajat Chandak and Priyanka Khandelwal.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-6.08%	-4.41%
3M	6.67%	-3.6%
1Y	5.14%	-7.76%
3Y	21.1%	5.74%
5Y	Data not available	Data not available

The recent pattern is mixed. Over the last month, the fund declined more than the benchmark, but over 3 months it recovered well while the benchmark stayed negative. That kind of split is common in a focused equity strategy: short periods can look uneven, while shorter recoveries can still be strong if the underlying theme improves.

The 1-year return of 5.14% is positive, but it trails the 3-year figure by a wide margin. That tells us the fund has not compounded smoothly in the most recent year, even though the 3-year record is meaningfully better than the benchmark’s 5.74% over the same period. The longer window suggests the strategy has added value better over time than in the latest stretch.

We also read the path of returns as a sign of volatility rather than a simple trend. The fund moved through weaker patches and then improved, which is consistent with a specialised portfolio where stock selection and sector sentiment can matter a lot. For an investor, the key point is that the fund has shown the ability to outperform the benchmark over 3 years, but the near-term ride has been choppier.

The 5-year row is not available as a meaningful comparison point here, so we would not treat it as a performance anchor. The more useful comparison is between the 1-year and 3-year numbers, which shows a fund that has done better over a fuller holding period than over the latest year.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD ICICI Pru Transportation and Logistics?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
ICICI Pru Transportation and Logistics Fund Direct Growth Plan	5.14%	21.1%	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	69.8%	36.32%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	25.31%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	25.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	24.51%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	22.75%	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the latest 1-year figures, the fund sits well below the strongest peer returns in this set, while its own 3-year return is respectable in absolute terms. That creates a split picture: the fund is not matching the sharp recent gains shown by some peers, but it does have a stronger multi-year record than its own latest year suggests.

Where the comparison becomes more constructive is over 3 years. The fund’s 21.1% return is ahead of the only peer in this group with a 3-year figure, which tells us the fund has held up better on a longer window than on the shorter one. Because the peer set has limited long-horizon data, the 3-year comparison is the more useful part of the story here.

Overall, the peer table suggests two different narratives: short-term underperformance versus some peers, and a better medium-term outcome. For investors, that means the fund’s case rests more on cycle-aware holding than on recent momentum alone.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Mahindra & Mahindra Ltd.	Automobile & Ancillaries	12.63%
Eternal Ltd.	Retailing	9.59%
TVS Motor Company Ltd.	Automobile & Ancillaries	7.43%
Maruti Suzuki India Ltd.	Automobile & Ancillaries	6.44%
Hyundai Motor India Ltd.	Automobile & Ancillaries	6.17%
Interglobe Aviation Ltd.	Aviation	6.05%
Tata Motors Ltd.	Domestic Equities	5.31%
Bajaj Auto Ltd.	Automobile & Ancillaries	3.81%
TREPS	Cash & Cash Equivalents and Net Assets	3.64%
Swiggy Ltd	Retailing	3.3%

The top holding, Mahindra & Mahindra Ltd., carries a weight of 12.63%, which is large enough to matter to portfolio behaviour, but not so large that it overwhelms everything else on its own. The drop from the first position to the tenth, Swiggy Ltd at 3.3%, is fairly steep, so the portfolio leans clearly on a handful of larger positions rather than being evenly spread.

The top 10 holdings account for approximately 64.37% of the portfolio. That suggests a fairly concentrated core, even though the fund still has 32 disclosed holdings in total. In practice, the larger positions are likely to have greater influence on returns than the smaller tail, especially because the heaviest weights sit in automobiles and adjacent consumer mobility names.

Our view is that the mix may suit investors who are comfortable with a theme-led portfolio built around transport, mobility and logistics-linked names. The presence of several automobile holdings, along with aviation, retail and a cash position, shows some breadth, but the portfolio still looks anchored by a cluster of high-conviction ideas rather than a broad market basket.

To see all holdings, visit the ICICI Pru Transportation and Logistics Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund is better suited to investors with a high tolerance for volatility and a willingness to stay invested through uneven stretches. The High Risk label, the weak 1-month result and the stronger 3-year record together point to a fund that can move sharply from period to period.

A longer horizon makes more sense than a short one because the strategy has shown better compounding over 3 years than over 1 year. The main trade-off is that the fund may deliver stronger upside when its theme is in favour, but that can come with sharper drawdowns when the cycle turns against it. Investors who prefer steadier benchmark-like behaviour may find the swings difficult to accept.

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 on or before 1 month; nil after 1 month.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of ICICI Pru Transportation and Logistics Fund Direct Growth Plan?
The current NAV is ₹22.72 as of 16 September 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 5.14%, the 3-year return is 21.1%, and the 5-year return is 0 in the available history.

How does it compare with the benchmark?
The fund has outpaced the benchmark over 3 years, with 21.1% versus 5.74%. Over 1 year, it has returned 5.14% while the benchmark has returned -7.76%.

How does it compare with peer funds on recent returns?
Its 1-year return of 5.14% is below the stronger recent peer figures in this set, but its 3-year return is better than the peer with a reported 3-year figure.

Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Rajat Chandak and Priyanka Khandelwal. The exit load is 1% if units are sold on or before 1 month, and nil after 1 month.

Bottom line

This fund’s latest year looks softer than its 3-year record, so the short-term and medium-term pictures are different. It also compares unevenly with peers: the 1-year figure trails the strongest recent results, while the 3-year outcome is more competitive. With a High Risk profile and a concentrated core led by automobile and mobility names, it is best viewed as a theme-focused equity fund for investors who can live with volatility and prefer a longer holding period.

Published on 17 September 2026 at 5:23 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.