ReviewDirect · GrowthPrefer peers first
ICICI Prudential Commodities Fund
ICICI Prudential Mutual FundEquity Scheme - Sectoral/ Thematic7 years
- NAV
- 46.56
- 30 Oct 2026
- 1Y
- -3.2%
- Trailing CAGR
- AUM
- ₹4,276.74 Cr
- 31 Aug 2026
- Volatility
- High
- 23.0% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Maximum drawdown exceeded 35%.
Prefer peers if · Prefer Kotak Business Cycle Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
7.0 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
1.04% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -41.2%. Ask whether you can hold through a similar fall.
Vs category
Pass
90% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 54.4% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 41%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-3.2%
- 3Y+14.1%
- 5Y+12.7%
- 10Yn/a
- SI+24.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-11.8%
- 3Y+4.0%
- 5Y+11.4%
- 10Yn/a
- Since inception
- +24.4%
- Calendar-day CAGR
- Excess 1Y
- -0.4%
- Category median, same plan and option
- 3Y win rate
- +90%
- Windows beating the median
- 3Y percentile
- 64
- Vs comparable share classes
- SIP 3Y XIRR
- +4.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +11.7%
- 995 daily-ending windows
- Median rolling 3Y
- +22.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 505 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -41.2%
- Worst peak-to-trough
- Current
- -13.2%
- Below last peak
- Current spell
- 65 days
- Days below latest peak
- Time below peak
- +88%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 15 days
- 82 recovered episodes
- Longest recovery
- 162 days
- Trough to prior peak
15 Jan 2020 – 7 Aug 2020
Trough 24 Mar 2020 · recovered in 136 days
-41.2%
11 Apr 2022 – 14 Sept 2022
Trough 20 Jun 2022 · recovered in 86 days
-21.7%
1 Oct 2024 – 16 Sept 2025
Trough 7 Apr 2025 · recovered in 162 days
-18.5%
18 Oct 2021 – 11 Apr 2022
Trough 24 Feb 2022 · recovered in 46 days
-18.0%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
64
Vs category
48
Consistency
83
Risk-adjusted
67
Drawdown
0
Mean
52
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 90% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 52 holdings · top 10 are 54.4%.
- Top 5
- 34.2%
- Top 10
- 54.4%
- Largest holding
- 8.3%
- Effective holdings
- 23.9
Hindustan Petroleum Corporation Ltd
Energy & Utilities
8.3%
Jindal Steel & Power Ltd
Materials
7.8%
Vedanta Aluminium Metal Ltd
Materials
6.7%
JSW Steel Ltd
Materials
6.7%
Hindalco Industries Ltd
Materials
4.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Kotak Business Cycle Fund
Kotak Mahindra Mutual Fund
- 1Y
- -0.1%
- 3Y
- +15.8%
- Vol
- 12.7%
- Max DD
- -18.4%
- Sharpe
- 0.70
- 3Y win
- +98%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Motilal Oswal Active Momentum Fund
Motilal Oswal Mutual Fund
- 1Y
- +14.4%
- 3Y
- n/a
- Vol
- 17.3%
- Max DD
- -16.6%
- Sharpe
- 0.93
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Nippon India Innovation Fund
Nippon India Mutual Fund
- 1Y
- -5.1%
- 3Y
- +12.8%
- Vol
- 14.3%
- Max DD
- -21.5%
- Sharpe
- 0.46
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Lower trailing returns
Edelweiss Recently Listed IPO Fund
Edelweiss Mutual Fund
- 1Y
- +14.8%
- 3Y
- +16.5%
- Vol
- 18.8%
- Max DD
- -32.3%
- Sharpe
- 0.55
- 3Y win
- +49%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
Caveat: Higher TER
Aditya Birla Sun Life Transportation and Logistics Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +7.8%
- 3Y
- n/a
- Vol
- 18.1%
- Max DD
- -28.2%
- Sharpe
- 0.76
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Lower TER
Caveat: Lower trailing returns