- Category
- III
- Strategy
- Long-only
- Fund house
- ICICI Prudential AMC
Growth Leaders Fund - 1
+1.01%
1-year return, after expenses, before tax
Benchmark NIFTY 500 & Debt Composite Index · data as of 30 Sep 2026
Growth Leaders Fund - 1, a Category III long-only AIF from ICICI Prudential AMC, returned 1.01% (after expenses, before tax) in the year to 30 Sep 2026. It began on 9 Nov 2021 and manages ₹1,037 crore.
Key numbers
- AUM
- ₹1,037 Cr
- Benchmark
- NIFTY 500 & Debt Composite Index
- Launched
- 9 Nov 2021
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 & Debt Composite Index |
|---|---|---|
| 1 month | −4.46% | −5.91% |
| 3 months | −2.33% | −4.52% |
| 6 months | +8.87% | +4.98% |
| 1 year | +1.01% | −4.64% |
| 2 years | −0.33% | −5.46% |
| 3 years | +14.04% | +7.37% |
| Since inception | +16.93% | +9.52% |
After expenses, before tax, as ICICI Prudential AMC reports them, to 30 Sep 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- Multi / flexi cap
- Asset type
- —
- Benchmark
- NIFTY 500 & Debt Composite Index
- Fund manager
- Anand Shah & Chockalingam Narayanan
Market-cap mix
- Large cap74.31%
- Mid cap1.26%
- Small cap20.39%
- Cash4.04%
The five largest holdings are 21.88% of the portfolio.
Investment approach
The Scheme endeavours to achieve long-term capital appreciation by predominantly investing in securities across market capitalization segments. The Scheme aims to invest in domestic companies across all sectors that have potential for meaningful growth and which have a certain sustainable competitive advantage.
The Scheme endeavours to achieve long-term capital appreciation by predominantly investing in securities across market capitalization segments. The Scheme aims to invest in domestic companies across all sectors that have potential for meaningful growth and which have a certain sustainable competitive advantage.
About the fund manager
Mr. Anand Shah — CIO – PMS & AIF
Mr Anand Shah assumed the role of Head of PMS and AIF Investments at IPAMC in February 2021. In the past, Anand was Deputy CEO and Head of Investments at BNP Paribas Asset Management Company, where he oversaw both onshore and offshore mandates sub-advised and sales. Anand has earned numerous accolades and prestigious awards for fund management, including 'The CIO of the Year Award 2014-15' from Asia Asset Management. His association with BNP Asset Management spanned almost a decade, starting in March 2011. Before that, Anand served as the Head of Equities at Canara Robeco Asset Management for three years from March 2008. He also held the position of Co-Head Equities at ICICI Prudential Asset Management and Vice President of Investments at Kotak Mutual Fund for six years from May 2000 to December 2006. Anand holds a Post Graduate Diploma in Management from the Indian Institute of Management Lucknow and a B.E. degree from Regional Engineering College, Surat.
Mr Chockalingam Narayanan — Head Equities – PMS & AIF (Long only)
Chockalingam joined ICICI Prudential AMC in July 2022. He is a senior fund manager in PMS & AIF at IPAMC. Chockalingam has nearly two decades of extensive experience in fund management, investment research and market analysis. He has been instrumental in analysing business fundamentals to derive relevant and actionable analysis that leads to portfolio growth. He is consistently relied upon for providing detailed macroeconomic analysis as well as insights into the financial markets and ESG that serve as key foundation pillars for various investment strategies he has worked on in his career. Before joining IPAMC, he has worked with leading organisations like Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Pvt Limited and Batlivala & Karani Securities. Academically, Chockalingam has a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal and a Bachelor of Commerce from G. R. Damodaran College of Science. He has also passed the Financial Risk Manager (FRM) certification by the Global Association of Risk Professionals, USA.
As the fund house describes it.
FAQs
What has Growth Leaders Fund - 1 returned?
1.01% (1-year return) to 30 Sep 2026, after expenses, before tax, as ICICI Prudential AMC reports it. 1 month: −4.46%; 3 months: −2.33%; 6 months: 8.87%; 1 year: 1.01%; 2 years: −0.33%; 3 years: 14.04%; Since inception: 16.93%.
What kind of AIF is Growth Leaders Fund - 1?
A Category III AIF following a long-only strategy, with a multi / flexi cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
How much does Growth Leaders Fund - 1 manage?
₹1,037 crore as of 30 Sep 2026.
What is the minimum investment in an AIF?
SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors). Growth Leaders Fund - 1’s stated minimum is ₹1 crore.
Who manages Growth Leaders Fund - 1?
ICICI Prudential AMC runs it; the fund managers are Anand Shah & Chockalingam Narayanan.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Growth Leaders Fund - 1’s are after expenses, before tax. Bases differ from fund to fund, so compare like with like.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.
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