ICICI Mutual Fund Returns Last 5 Years

What are the Top ICICI Mutual Funds? 

Top ICICI Mutual Funds represent some of the best-performing schemes from ICICI Prudential Mutual Fund. These mutual funds are designed for different investor goals, such as growth, stability, and income. And these funds enable investors to put their money across categories like equity, debt, and hybrid. They reflect ICICI Prudential’s strong track record in long-term wealth creation.

Popular options such as ICICI Prudential BHARAT 22 FOF Direct - Growth, ICICI Prudential Infrastructure Direct - Growth, ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth, and ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth have consistently delivered strong long-term returns. These funds reflect the fund house’s focus on disciplined investment strategies and fund management.

Top ICICI Mutual Fund Returns Last 5 Years

1. ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct ‑ Growth

   A thematic/domestic equities fund focusing on the pharma, healthcare, diagnostics, and wellness sectors. It invests nearly 95 %+ in equities and is classified as very high risk.

   Parameters	Details
   Fund Name	ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund Direct - Growth
   NAV	₹ 39.67 (as on 31st March, 2026)
   AUM	₹6,801.16 Crs
   Expense Ratio	1.05%
   Return 5 Years	17.12%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	13th July, 2018
   Asset Allocation	Equity: 97.98%, Debt: 0.03%, Others: 1.99%
   Top Sectors	Industrials Financial Healthcare Materials
   Top Holdings	Sun Pharmaceutical Industries Ltd Dr. Reddy's Laboratories Ltd Cipla Ltd Divi's Laboratories Ltd Aurobindo Pharma Ltd Mankind Pharma Ltd. Biocon Ltd Lupin Ltd Alkem Laboratories Ltd Repo
   Fund Managers	Dharmesh Kakkad Sharmila D'Silva
   Fund Type	Open-ended

2. ICICI Prudential BHARAT 22 FOF Direct ‑ Growth

   A fund-of-funds that primarily invests in units of the BHARAT 22 ETF, giving exposure to a government-backed basket of large companies.

   Parameters	Details
   Fund Name	ICICI Prudential BHARAT 22 FOF Direct - Growth
   NAV	₹ 33.31 (as on 31st March, 2026)
   AUM	₹2,794.87 Crs
   Expense Ratio	0.12%
   Return 5 Years	25.53%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	29th June, 2018
   Asset Allocation	Equity: 99.16%, Others: 0.84%
   Top Sectors	Energy & Utilities Financial Materials Industrials Consumer Staples
   Top Holdings	BHARAT 22 ETF Regular - Growth Repo Net Payables
   Fund Managers	Ashwini Shinde Ajay Kumar Solanki Kayzad Eghlim Nishit Patel
   Fund Type	Open-ended

3. ICICI Prudential Retirement Fund Pure Equity Plan Direct ‑ Growth

   Designed for investors in or near retirement with a pure-equity approach, allowing long-term capital appreciation; part of the retirement-products suite.

   Parameters	Details
   Fund Name	ICICI Prudential Retirement Fund - Pure Equity Plan Direct - Growth
   NAV	₹ 34.04 (as on 31st March, 2026)
   AUM	₹1,729.48 Crs
   Expense Ratio	0.71%
   Return 5 Years	21.16%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	27th February, 2019
   Asset Allocation	Equity: 92.47%, Others: 7.53%
   Top Sectors	Technology Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare Materials Real Estate
   Top Holdings	Repo Multi Commodity Exchange Of India Ltd HDFC Bank Ltd Interglobe Aviation Ltd Mahindra & Mahindra Ltd Bharti Airtel Ltd Muthoot Finance Ltd UPL Ltd Hindustan Unilever Ltd Ultratech Cement Ltd
   Fund Managers	Darshil Dedhia Rohit Lakhotia Lalit Kumar Sharmila D'Silva
   Fund Type	Open-ended

4. ICICI Prudential Infrastructure Direct ‑ Growth

   A sectoral equity fund aimed at infrastructure-related companies (construction, energy, capital goods, etc). Emphasises capital appreciation over the long term.

   Parameters	Details
   Fund Name	ICICI Prudential Infrastructure Direct-Growth
   NAV	₹ 191.75 (as on 31st March, 2026)
   AUM	₹8,097.89 Crs
   Expense Ratio	1.18%
   Return 5 Years	24.34%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 92.02%, Debt: 1.12%, Others: 6.25%
   Top Sectors	Consumer Discretionary Industrials Energy & Utilities Financial Materials Real Estate Technology
   Top Holdings	Larsen & Toubro Ltd Interglobe Aviation Ltd Repo NTPC Ltd Adani Ports and Special Economic Zone Ltd Oberoi Realty Ltd Vedanta Ltd Reliance Industries Ltd NCC Ltd AIA Engineering Ltd
   Fund Managers	Ihab Dalwai Sharmila D'Silva
   Fund Type	Open-ended

5. ICICI Prudential Multi Asset Fund Direct ‑ Growth

   A hybrid “multi-asset” fund investing across equities, debt, and other asset classes (including gold/commodities) to balance growth and risk.

   Parameters	Details
   Fund Name	ICICI Prudential Multi Asset Fund Direct-Growth
   NAV	₹ 836.59 (as on 1st April, 2026)
   AUM	₹83,044.78 Crs
   Expense Ratio	0.64%
   Return 5 Years	18.78%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 62.22%, Debt: 13.19%, Others: 14.09%, Commodities: 9.06%
   Top Sectors	Real Estate Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	Cash Margin ICICI Prudential Gold Exchange Traded Fund IDCW Repo Reverse Repo ICICI Bank Ltd GOLD MINI (100 GRAMS) COMMODITY JUNE 2020 FUTURE HDFC Bank Ltd Reliance Industries Ltd ICICI Prudential Silver ETF - Growth Axis Bank Ltd
   Fund Managers	Sankaran Naren Ihab Dalwai Gaurav Chikane Manish Banthia Akhil Kakkar Masoomi Jhurmarvala Sri Sharma Sharmila D'Silva
   Fund Type	Open-ended

6. ICICI Prudential Equity & Debt Fund Direct ‑ Growth

   An aggressive hybrid fund mixing ~60–80 % equities with fixed income securities, targeting long-term growth along with some income stability.

   Parameters	Details
   Fund Name	ICICI Prudential Equity & Debt Fund Direct-Growth
   NAV	₹ 417.86 (as on 31st March, 2026)
   AUM	₹50,205.35 Crs
   Expense Ratio	0.94%
   Return 5 Years	17.85%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 73.58%, Debt: 20.68%, Others: 3.62%
   Top Sectors	Materials Real Estate Technology Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare
   Top Holdings	ICICI Bank Ltd Reliance Industries Ltd NTPC Ltd Sun Pharmaceutical Industries Ltd Maruti Suzuki India Ltd HDFC Bank Ltd Cash Margin Axis Bank Ltd TVS Motor Company Ltd Infosys Ltd
   Fund Managers	Sankaran Naren Manish Banthia Mittul Kalawadia Akhil Kakkar Sri Sharma Sharmila D'Silva Nitya Mishra
   Fund Type	Open-ended

7. ICICI Prudential Large Cap Fund Direct ‑ Growth: 

   A large-cap equity fund investing predominantly in large-cap companies (~70–80 %+ in large-cap stocks) aimed at steady growth from established businesses. 

   Parameters	Details
   Fund Name	ICICI Prudential Large Cap Fund Direct-Growth
   NAV	₹ 110.11 (as on 31st March, 2026)
   AUM	₹77,451.59 Crs
   Expense Ratio	0.87%
   Return 5 Years	13.9%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹100
   Risk Level	Principal at very high risk
   Launch Date	NA
   Asset Allocation	Equity: 95.31%, Debt: 2.8%, Others: 1.89%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Diversified Energy & Utilities Financial Healthcare Materials Real Estate Technology
   Top Holdings	Reverse Repo HDFC Bank Ltd ICICI Bank Ltd Repo Reliance Industries Ltd Larsen & Toubro Ltd Axis Bank Ltd Bharti Airtel Ltd Maruti Suzuki India Ltd National Stock Exchange Of India Ltd Index ID
   Fund Managers	Anish Tawakley Vaibhav Dusad Sharmila D'Silva
   Fund Type	Open-ended

8. ICICI Prudential Income Plus Arbitrage Active FoF Direct‑Growth: 

   A fund-of-funds with an arbitrage strategy (typically lower risk than pure equity), attempting to generate income by exploiting arbitrage opportunities; suited for relatively lower-risk equity exposure.

   Parameters	Details
   Fund Name	ICICI Prudential Income Plus Arbitrage Omni FoF Direct-Growth
   NAV	₹ 69.86 (as on 31st March, 2026)
   AUM	₹2,825.28 Crs
   Expense Ratio	0.03%
   Return 5 Years	10.45%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at low to moderate risk
   Launch Date	NA
   Asset Allocation	Equity: -0.21%, Debt: 59.75%, Others: 40.45%
   Top Sectors	Consumer Discretionary Industrials Consumer Staples Energy & Utilities Financial Healthcare Materials Technology
   Top Holdings	ICICI Prudential Ultra Short Term Direct Plan -Growth ICICI Prudential Equity Arbitrage Direct-Growth ICICI Prudential Long Term Gilt Direct Plan-Growth ICICI Prudential Money Market Direct-Growth ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund Direct - Growth ICICI Prudential Savings Direct Plan -Growth Repo Net Current Assets Net Payables
   Fund Managers	Manish Banthia Ritesh Lunawat
   Fund Type	Open-ended

9. ICICI Prudential Regular Savings Fund Direct‑Growth: 

   A fund positioned for regular savings/investment needs (likely across asset classes) designed for disciplined, recurring investment rather than high-risk growth alone.

   Parameters	Details
   Fund Name	ICICI Prudential Regular Savings Fund Direct-Growth
   NAV	₹ 83.77 (as on 31st March, 2026)
   AUM	₹3,340.64 Crs
   Expense Ratio	0.92%
   Return 5 Years	9.04%
   Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
   Risk Level	Principal at high risk
   Launch Date	NA
   Asset Allocation	Equity: 21.94%, Debt: 70.65%, Others: 6.24%
   Top Sectors	Consumer Staples Energy & Utilities Healthcare Materials Real Estate Consumer Discretionary Industrials Financial Technology
   Top Holdings	4.45% Government of India (30/10/2034) Cash Margin GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24C 7.83 BD 30DC26 FVRS1LAC STATE BANK OF INDIA SR III 5.83 BD 26OT30 FVRS10LAC MANAPPURAM FINANCE LIMITED 8 NCD 15DC27 FVRS1LAC ADANI ENTERPRISES LIMITED 8.70 NCD 24MR28 FVRS1LAC L&T METRO RAIL (HYDERABAD) LIMITED SR B 6.58 NCD 30AP26 FVRS10LAC
   Fund Managers	Manish Banthia Roshan Chutkey Sharmila D'Silva Akhil Kakkar
   Fund Type	Open-ended

10. ICICI Prudential Commodities Fund Direct‑Growth: 

    A more niche thematic fund that invests in commodity‐related stocks or exposures, offering diversification away from pure equities or fixed income.

    Parameters	Details
    Fund Name	ICICI Prudential Commodities Fund Direct - Growth
    NAV	₹ 45.81 (as on 1st April, 2026)
    AUM	₹3,677.09 Crs
    Expense Ratio	0.98%
    Return 5 Years	21.18%
    Minimum Investment	SIP ₹1000 & Lumpsum ₹5,000
    Risk Level	Principal at very high risk
    Launch Date	15th October, 2019
    Asset Allocation	Equity: 98.48%, Debt: 0.03%, Others: 1.49%
    Top Sectors	Consumer Staples Energy & Utilities Materials Industrials
    Top Holdings	Jindal Steel & Power Ltd Vedanta Ltd JSW Steel Ltd Ambuja Cements Ltd Jindal Stainless Ltd Ultratech Cement Ltd UPL Ltd Hindalco Industries Ltd Usha Martin Ltd Freeport McMoran Copper & Gold Ltd Forgn. Eq (FCX)
    Fund Managers	Lalit Kumar Sharmila D'Silva
    Fund Type	Open-ended

How to Choose the Top ICICI Mutual Funds with the Highest Return in 5 Years?

These are some of the key factors to check while applying for the ICICI Mutual Funds: 

1. Investment objective, time horizon & risk tolerance

   Make sure the fund’s objective (growth, income, sectoral, etc.) matches your goal/time-horizon. For example, most equity funds are suited for 5+ years.

2. Past performance (5-year returns) & benchmark comparison

   Check how the fund has done over the last 5 years and whether it beats its benchmark and category peers.

3. Expense ratio, load, and taxation

   A lower expense ratio means less drag on returns. Also, check early exit load, tax implications, etc., of the selected mutual fund.

4. Consistency & fund style alignment

   Don’t just pick the highest recent returns — check how consistently the fund has performed across market cycles, and whether its portfolio matches the stated style (large-cap, sectors, etc.).

5. Diversification/portfolio composition/category risk

   Understand what the fund invests in (sectoral, thematic vs diversified) and whether you’re comfortable with the concentration/risk. Thematic funds may deliver high 5-year returns with higher risk.

Advantages of ICICI Mutual Fund Returns Last 5 Years 

1. Compounding benefit from a long-term horizon: 

   Staying invested over 5+ years allows the power of compounding to work. As one analysis says: By staying invested for the long term, investors can benefit from the power of compounding, investment in mutual funds through SIPs, or reinvestment of dividends and capital gains. 

2. Greater potential for higher returns: 

   Long-term equity-oriented funds tend to have more time to recover from cyclical downturns and capture growth phases. Long-term mutual funds have shown significant potential to deliver higher returns compared with traditional savings accounts.

3. Lower risk of short-term volatility: 

   It’s because you are investing for 5 years or more, the risk of short-term market swings becomes less painful; time becomes an ally. Long-term mutual funds offer a balanced approach to risk, thereby potentially reducing the volatility associated with short‐term investments.

4. Access to professional management & diversification: 

   Through a well-rated fund house like ICICI Prudential, your investment benefits from professional fund managers, a diversified portfolio across stocks/bonds, and institutional research, which helps in achieving better risk-adjusted returns.

5. Transparency, accessibility & ease of investing: 

   Mutual funds allow both lump-sum and SIP investments, have relatively low entry amounts, are regulated by SEBI, and provide regular performance disclosure, which makes investing over 5 years more manageable.

Wrapping up 

ICICI Mutual Fund Returns Last 5 Years have been notably strong, with top schemes like Infrastructure Fund, Pharma Healthcare Fund, and Multi Asset Fund showing consistent growth. When selecting funds, consider investment goals, risk tolerance, expense ratio, and past performance. Long‑term investing helps reduce volatility and benefit from compounding, making ICICI Prudential a reliable choice for building wealth.