ICICI Prudential Medium Term Fund
Medium DurationModerately HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹48.85+0.11%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹46.16 — ₹48.81
- AUM
- ₹5,260 Cr
ICICI Prudential Medium Term Fund is a Medium Duration debt fund from ICICI Prudential Mutual Fund with ₹5,260 Cr under management, launched in 2004. Over three years it has returned 7.2% a year, against 7.1% for its category. The expense ratio is 1.36% and the SEBI riskometer reading is Moderately High.
Performance
ICICI Prudential Medium Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.6% against +4.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.7% | +1.1 pts | 4.6% | 5.1% |
| 2Y | 6.6% | +1.2 pts | 5.4% | 5.6% |
| 3Y | 7.2% | +0.1 pts | 7.1% | 6.2% |
| 5Y | 7.3% | +1.0 pts | 6.2% | 6.4% |
| 7Y | 7.0% | +0.5 pts | 6.6% | 6.2% |
| 10Y | 7.1% | +1.0 pts | 6.1% | 6.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.8% | +0.1 pts | 0.7% | 0.8% |
| 3M | 0.5% | +0.4 pts | 0.1% | 0.6% |
| 6M | 3.5% | +0.7 pts | 2.8% | 3.2% |
| 1Y | 5.8% | +1.2 pts | 4.6% | 4.8% |
| 2Y | 7.4% | +1.0 pts | 6.4% | 6.3% |
| 3Y | 7.7% | +0.6 pts | 7.1% | 7.0% |
| 5Y | 6.7% | +0.4 pts | 6.2% | 5.9% |
| 7Y | 7.2% | +1.1 pts | 6.1% | 6.2% |
| 10Y | 7.0% | +0.9 pts | 6.1% | 6.3% |
Since launch (24 Aug 2004): 7.4%
Calendar-year returns
Category average10.4%
5.5%
4.2%
7.0%
8.0%
9.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 9.0% | +0.5 pts | 8.5% |
| 2024 | 8.0% | −0.8 pts | 8.7% |
| 2023 | 7.0% | −0.4 pts | 7.4% |
| 2022 | 4.2% | −0.6 pts | 4.8% |
| 2021 | 5.5% | −0.7 pts | 6.2% |
| 2020 | 10.4% | +3.3 pts | 7.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.36%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.16%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.20%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Medium Duration Debt Index A-III
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.05 | 1.03 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.48 | 1.73 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.58 | 1.78 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
ICICI Prudential Medium Term Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt94.7%
- Other5.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.12% | ₹326 Cr | +1.39% | +1.36% | +1.28% |
| Embassy Office Parks REIT | Construction | 3.63% | ₹194 Cr | +3.73% | +3.63% | +3.51% |
| Vedanta Ltd. | Metals & Mining | 3.20% | ₹170 Cr | +3.11% | +3.08% | +2.98% |
| JTPM Metal Traders Ltd. | Metals & Mining | 3.04% | ₹162 Cr | +2.93% | +2.83% | +2.63% |
| Tata Projects Ltd. | Construction | 2.81% | ₹150 Cr | +2.73% | +2.71% | +2.64% |
| Oberoi Realty Ltd. | Construction | 2.80% | ₹149 Cr | +2.75% | +2.71% | +2.67% |
| GOI | Sovereign | 2.64% | ₹141 Cr | +3.38% | +3.23% | +3.30% |
| Adani Power Ltd. | Energy | 2.33% | ₹124 Cr | +2.28% | +1.53% | — |
| Siddhivinayak Securitisation Trust | Others | 2.24% | ₹120 Cr | +2.70% | +2.67% | +2.62% |
| Godrej Properties Ltd. | Construction | 2.16% | ₹115 Cr | +1.84% | +4.56% | +4.44% |
| Capital Infra Trust | Construction | 2.14% | ₹114 Cr | +1.99% | +1.84% | +0.13% |
| TVS Credit Services Ltd. | Financial | 2.08% | ₹111 Cr | +2.04% | +2.03% | +1.99% |
| Torrent Power Ltd. | Energy | 1.97% | ₹105 Cr | +1.93% | +1.93% | +1.88% |
| 360 ONE Wealth Ltd. | Financial | 1.97% | ₹105 Cr | +1.82% | +1.80% | +2.64% |
| Muthoot Finance Ltd. | Financial | 1.89% | ₹101 Cr | +0.96% | — | — |
| Lodha Developers Ltd. | Construction | 1.88% | ₹100 Cr | +1.83% | +1.81% | +1.76% |
| GR Infraprojects Ltd. | Construction | 1.87% | ₹99.96 Cr | +1.82% | +1.81% | +1.76% |
| Nuvama Wealth and Investment Limited | Financial | 1.87% | ₹99.95 Cr | +1.82% | +1.81% | +1.75% |
| Truhome Finance Ltd. | Financial | 1.87% | ₹99.84 Cr | +1.81% | — | — |
| Cube Highways Trust | Services | 1.22% | ₹65.14 Cr | +1.19% | +1.11% | +0.99% |
| Raajmarg Infra Investment Trust | Construction | 1.21% | ₹64.38 Cr | +1.11% | +1.06% | — |
| Godrej Industries Ltd. | Consumer Staples | 1.15% | ₹61.12 Cr | +1.14% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.03% | ₹55.18 Cr | +1.02% | +1.01% | +0.99% |
| Indostar Capital Finance Ltd. | Financial | 0.94% | ₹50.13 Cr | +0.92% | +0.91% | +0.88% |
| Nexus Select Trust | Construction | 0.94% | ₹49.99 Cr | +0.01% | +0.01% | +0.01% |
| Kalpataru Projects International Ltd. | Capital Goods | 0.93% | ₹49.80 Cr | +0.91% | +0.90% | +0.88% |
| LIC Housing Finance Ltd. | Financial | 0.92% | ₹49.17 Cr | +0.91% | +0.90% | +1.76% |
| JM Financial Services Pvt. Ltd. | Financial | 0.92% | ₹49.02 Cr | +0.90% | +0.89% | — |
| Hampi Expressways Pvt Ltd. | Others | 0.92% | ₹48.94 Cr | +0.89% | +0.89% | +0.87% |
| Bharat Sanchar Nigam Ltd | Communication | 0.92% | ₹48.91 Cr | +0.91% | +0.89% | +0.88% |
| Mahanagar Telephone Nigam Ltd. | Communication | 0.91% | ₹48.27 Cr | +0.89% | +0.87% | +0.85% |
| L&T Metro Rail (Hyderabad) Ltd. | Construction | 0.90% | ₹48.17 Cr | +0.90% | +0.88% | +0.87% |
| Aavas Financiers Ltd. | Financial | 0.85% | ₹45.07 Cr | +0.82% | +0.81% | +0.80% |
| Brookfield India Real Estate Trust REIT | Construction | 0.75% | ₹39.89 Cr | +0.84% | +0.86% | +1.55% |
| SIS Ltd. | Services | 0.70% | ₹37.48 Cr | +0.68% | +0.68% | +0.66% |
| Aptus Value Housing Finance India Ltd. | Financial | 0.60% | ₹32.09 Cr | +0.58% | +0.58% | +0.70% |
| Oriental Nagpur Betul Highway Ltd. | Construction | 0.56% | ₹29.87 Cr | +0.55% | +0.54% | +0.53% |
| Aadharshila Infratech Pvt. Ltd. | Construction | 0.55% | ₹29.48 Cr | +0.54% | — | — |
| Adani Enterprises Ltd. | Services | 0.47% | ₹25.07 Cr | +0.46% | +3.13% | — |
| Bahadur Chand Investments Pvt. Ltd. | Financial | 0.47% | ₹25.05 Cr | +0.46% | +0.45% | +0.44% |
| Eris Lifesciences Ltd. | Healthcare | 0.47% | ₹25.02 Cr | +0.46% | +0.45% | +1.32% |
| National Bank For Agriculture & Rural Development | Financial | 0.47% | ₹24.86 Cr | +0.46% | +0.45% | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.46% | ₹24.74 Cr | — | +0.45% | — |
| Chhattisgarh State | Others | 0.45% | ₹24.23 Cr | +0.25% | +0.24% | +0.24% |
| Rajasthan State | Others | 0.45% | ₹24.21 Cr | +0.45% | +0.44% | +0.44% |
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 0.45% | ₹24.17 Cr | +0.45% | +0.44% | +0.43% |
| Telangana State | Financial | 0.37% | ₹19.72 Cr | +0.37% | +0.36% | — |
| Andhra Pradesh State | Financial | 0.34% | ₹18.13 Cr | +0.34% | +0.33% | +0.33% |
| Madhya Pradesh State | Others | 0.32% | ₹17.22 Cr | +0.32% | +0.31% | +0.32% |
| Odisha State | Financial | 0.28% | ₹15.16 Cr | +0.29% | +0.28% | +0.43% |
| Sheela Foam Ltd. | Consumer Discretionary | 0.28% | ₹15.00 Cr | +0.27% | +0.27% | +0.26% |
| Karnataka State | Others | 0.24% | ₹12.84 Cr | +0.24% | +0.20% | +0.23% |
| Phoenix ARC Pvt Ltd. | Diversified | 0.16% | ₹8.45 Cr | +0.15% | +0.15% | — |
| Godrej Seeds & Genetics Ltd. | Consumer Staples | 0.14% | ₹7.39 Cr | +0.14% | +0.13% | +0.13% |
| Haryana State | Others | 0.12% | ₹6.66 Cr | +0.12% | +0.12% | +0.44% |
| Maharashtra State | Others | 0.06% | ₹3.15 Cr | +0.06% | +0.04% | +0.06% |
| West Bengal State | Others | 0.05% | ₹2.75 Cr | +0.05% | +0.05% | +0.05% |
| Mindspace Business Parks REIT | Construction | 0.05% | ₹2.72 Cr | +0.38% | +0.39% | +0.42% |
| REC Ltd. | Financial | 0.05% | ₹2.56 Cr | +0.02% | +0.02% | +0.02% |
| Uttar Pradesh State | Others | 0.02% | ₹1.03 Cr | +0.02% | +0.02% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Siddhivinayak Securitisation Trust | 2.74% | 2.24% | -0.50% |
| Small Industries Devp. Bank of India Ltd. | 0.00% | 0.46% | +0.46% |
| company:896 | 0.46% | 0.00% | -0.46% |
| company:442 | 0.45% | 0.00% | -0.45% |
| Mindspace Business Parks REIT | 0.37% | 0.05% | -0.32% |
| Brookfield India Real Estate Trust REIT | 0.86% | 0.75% | -0.11% |
| Truhome Finance Ltd. | 1.81% | 1.87% | +0.06% |
| JTPM Metal Traders Ltd. | 2.98% | 3.04% | +0.05% |
| Vedanta Ltd. | 3.15% | 3.20% | +0.05% |
| Tata Projects Ltd. | 2.77% | 2.81% | +0.05% |
| Adani Power Ltd. | 2.29% | 2.33% | +0.04% |
| Oberoi Realty Ltd. | 2.76% | 2.80% | +0.04% |
| Capital Infra Trust | 2.11% | 2.14% | +0.04% |
| Muthoot Finance Ltd. | 1.38% | 1.41% | +0.03% |
| GR Infraprojects Ltd. | 1.84% | 1.87% | +0.03% |
| Nuvama Wealth and Investment Limited | 1.85% | 1.87% | +0.03% |
| Lodha Developers Ltd. | 1.85% | 1.88% | +0.03% |
| TVS Credit Services Ltd. | 2.06% | 2.08% | +0.03% |
| Torrent Power Ltd. | 1.95% | 1.97% | +0.02% |
| Aavas Financiers Ltd. | 0.83% | 0.85% | +0.02% |
| Mahanagar Telephone Nigam Ltd. | 0.89% | 0.91% | +0.02% |
| GOI | 2.63% | 2.64% | +0.02% |
| 360 ONE Wealth Ltd. | 0.92% | 0.93% | +0.01% |
| Raajmarg Infra Investment Trust | 1.19% | 1.21% | +0.01% |
| Indostar Capital Finance Ltd. | 0.93% | 0.94% | +0.01% |
| Godrej Properties Ltd. | 0.93% | 0.94% | +0.01% |
| Kalpataru Projects International Ltd. | 0.92% | 0.93% | +0.01% |
| JM Financial Services Pvt. Ltd. | 0.91% | 0.92% | +0.01% |
| SIS Ltd. | 0.69% | 0.70% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 1.02% | 1.03% | +0.01% |
| Embassy Office Parks REIT | 3.62% | 3.63% | +0.01% |
| Bharat Sanchar Nigam Ltd | 0.91% | 0.92% | +0.01% |
| Aptus Value Housing Finance India Ltd. | 0.59% | 0.60% | +0.01% |
| Hampi Expressways Pvt Ltd. | 0.91% | 0.92% | +0.01% |
| Godrej Industries Ltd. | 1.14% | 1.15% | +0.01% |
| Bahadur Chand Investments Pvt. Ltd. | 0.46% | 0.47% | +0.01% |
| Oriental Nagpur Betul Highway Ltd. | 0.55% | 0.56% | +0.01% |
| Aadharshila Infratech Pvt. Ltd. | 0.55% | 0.55% | +0.01% |
| Eris Lifesciences Ltd. | 0.46% | 0.47% | +0.01% |
| LIC Housing Finance Ltd. | 0.46% | 0.47% | +0.01% |
| Others | 0.36% | 0.36% | +0.01% |
| National Bank For Agriculture & Rural Development | 0.46% | 0.47% | +0.01% |
| Cube Highways Trust | 1.22% | 1.22% | 0.00% |
| Adani Enterprises Ltd. | 0.47% | 0.47% | 0.00% |
| Sheela Foam Ltd. | 0.28% | 0.28% | 0.00% |
| Jamnagar Utilities and Power Pvt. Ltd. | 0.45% | 0.45% | 0.00% |
| Madhya Pradesh State | 0.33% | 0.32% | 0.00% |
| Phoenix ARC Pvt Ltd. | 0.16% | 0.16% | 0.00% |
| Godrej Seeds & Genetics Ltd. | 0.14% | 0.14% | 0.00% |
| L&T Metro Rail (Hyderabad) Ltd. | 0.90% | 0.90% | 0.00% |
| Chhattisgarh State | 0.45% | 0.45% | 0.00% |
| Rajasthan State | 0.45% | 0.45% | 0.00% |
| Haryana State | 0.13% | 0.12% | 0.00% |
| Odisha State | 0.28% | 0.28% | 0.00% |
| Andhra Pradesh State | 0.34% | 0.34% | 0.00% |
| Maharashtra State | 0.06% | 0.06% | 0.00% |
| REC Ltd. | 0.01% | 0.01% | 0.00% |
| Telangana State | 0.37% | 0.37% | 0.00% |
| Nexus Select Trust | 0.00% | 0.00% | 0.00% |
| West Bengal State | 0.05% | 0.05% | 0.00% |
| Karnataka State | 0.24% | 0.24% | 0.00% |
| Uttar Pradesh State | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹3,779 Cr | 1.35% | 5.5% | 7.2% | 7.6% |
 SBI Medium Term Fund | ₹6,319 Cr | 1.22% | 5.2% | 6.4% | 6.7% |
 HDFC Medium Term Fund | ₹3,514 Cr | 1.30% | 5.3% | 6.5% | 6.6% |
 Aditya Birla Sun Life Medium Term Fund | ₹3,343 Cr | 1.55% | 6.1% | 9.1% | 10.1% |
 Axis Medium Term Fund | ₹1,939 Cr | 1.32% | 5.4% | 6.8% | 7.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
Fund managers
- Akhil KakkarMr. Kakkar is B.Tech (IIT Roorkee) and PGDM (Finance)Prior to Joining ICICI Prudential Mutual Fund he has worked with Kotak Mahindra Bank in Debt Capital Markets, SBI Capital Markets in Project Advisory & Structured Finance and Goldman Sachs Services Pvt Ltd as Analyst Developer.
- Manish BanthiaMr. Banthia is B.Com, CA and MBAHe is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.49% absolute | ₹60,000 | ₹62,094 | 3.49% | |
| 1 year5.75% annualised | ₹1,20,000 | ₹1,23,804 | 3.17% | |
| 3 years7.68% annualised | ₹3,60,000 | ₹4,05,987 | 12.77% | |
| 5 years6.67% annualised | ₹6,00,000 | ₹7,13,793 | 18.97% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of ICICI Prudential Medium Term Fund?
The NAV of ICICI Prudential Medium Term Fund is ₹48.85 as on 9 Nov 2026.
What is the expense ratio of ICICI Prudential Medium Term Fund?
The expense ratio of ICICI Prudential Medium Term Fund is 1.36% per year.
What is the minimum SIP amount for ICICI Prudential Medium Term Fund?
You can start a SIP in ICICI Prudential Medium Term Fund with ₹3,000 a month.
What returns has ICICI Prudential Medium Term Fund given?
ICICI Prudential Medium Term Fund has returned 5.7% over 1 year, 7.2% over 3 years and 7.3% over 5 years (annualised).
Is there a lock-in or exit load on ICICI Prudential Medium Term Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days..
How risky is ICICI Prudential Medium Term Fund?
ICICI Prudential Medium Term Fund is rated Moderately High on the SEBI riskometer and belongs to the Medium Duration category.
Which fund house manages ICICI Prudential Medium Term Fund?
ICICI Prudential Medium Term Fund is managed by ICICI Prudential Mutual Fund, which runs 109 schemes with ₹12,20,481 Cr under management.