ICICI Prudential ESG Exclusionary Strategy Fund vs Shriram Multi Sector Rotation Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential ESG Exclusionary Strategy Fund is a Thematic fund and Shriram Multi Sector Rotation Fund is a Thematic fund. In the year to 30-10-2026, ICICI Prudential ESG Exclusionary Strategy Fund (Direct) returned −13.2% and Shriram Multi Sector Rotation Fund (Direct) returned −3.6%. ICICI Prudential ESG Exclusionary Strategy Fund charges 1.34% a year and Shriram Multi Sector Rotation Fund 0.98% (Direct plans). Their portfolios overlap 39.3%: they hold 17 of the same securities.
ICICI Prudential ESG Exclusionary Strategy Fund
Thematic
- 1 year return
- −13.2%
- Expense ratio
- 1.34%
- NAV
- ₹21.46
Shriram Multi Sector Rotation Fund
Thematic
- 1 year return
- −3.6%
- Expense ratio
- 0.98%
- NAV
- ₹7.85
Which is better, ICICI Prudential ESG Exclusionary Strategy or Shriram Multi Sector Rotation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Multi Sector Rotation returned more over 1 year: −3.6% against −13.2%.
- Shriram Multi Sector Rotation costs less: 0.98% a year against 1.34% (Direct plans).
- ICICI Prudential ESG Exclusionary Strategy fell less in its worst fall since 13-12-2024: −16.6% against −29.6%.
- ICICI Prudential ESG Exclusionary Strategy is the larger fund: ₹1,275 Cr against ₹148 Cr.
- Their portfolios overlap 39.3%: 17 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | ICICI Prudential ESG Exclusionary Strategy Fund | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Shriram Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,275 Cr (30-09-2026) | ₹148 Cr (30-09-2026) |
| NAV | ₹21.46 (Direct) | ₹7.85 (Direct) |
| Expense ratio (Direct) | 1.34% | 0.98% |
| Expense ratio (Regular) | 2.36% | 2.71% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 100 ESG TRI | Nifty 500 TRI |
| Launch date | 09-10-2020 | 09-12-2024 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Mittul Kalawadia, Ayush Shah | Hitesh Savanth, Prateek Nigudkar |
| Exit load | 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 1 month from the date of allotment. Nil - If the amount sought to be redeemed or switched out more than 1 month. | • 1% of the applicable NAV, if redeemed within 3 months from the date of allotment. • Nil if redeemed after 3 months from the date of allotment |
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | −2.85% | −7.78% | −4.75% | −13.22% | +10.01% | +8.90% | -- |
| Shriram Multi Sector Rotation Fund (Direct) | −0.34% | −6.60% | +0.66% | −3.64% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Year-wise Returns
| Year | ICICI Prudential ESG Exclusionary StrategyICICI Prudential ESG Exclusionary Strategy | Shriram Multi Sector RotationShriram Multi Sector Rotation |
|---|---|---|
| 2026to date | −11.87% | −4.94% |
| 2025 | +7.46% | −17.99% |
| 2024 | +23.15% | -- |
| 2023 | +33.53% | -- |
| 2022 | −2.27% | -- |
| 2021 | +24.45% | -- |
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Rolling Returns
Every holding period of both funds, against NIFTY100 ESG TRI, the benchmark of ICICI Prudential ESG Exclusionary Strategy Fund
Rolling returns
Every 1-year holding period, 215 of them, one for each trading day from 15-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
ICICI Prudential ESG Exclusionary Strategy Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
NIFTY100 ESG TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy | 58.1 | 16.3 | 22.3 | 3.3 | 0.0 | 0.0 | 0.0 | −0.7% | −1.8% | −14.0% | 10.8% | 0% |
| Shriram Multi Sector Rotation | 45.6 | 35.3 | 13.0 | 6.0 | 0.0 | 0.0 | 0.0 | −0.4% | 0.2% | −20.3% | 12.4% | 52% |
| NIFTY100 ESG TRI | 26.5 | 30.7 | 17.2 | 20.0 | 5.6 | 0.0 | 0.0 | 4.5% | 3.5% | −7.7% | 16.4% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY100 ESG TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 13-12-2024. Past returns do not promise future returns.
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary StrategyICICI Prudential ESG Exclusionary Strategy Fund (Direct) | ₹2,30,000 | ₹2,15,129 | −₹14,871 | −6.6% |
| Shriram Multi Sector RotationShriram Multi Sector Rotation Fund (Direct) | ₹2,30,000 | ₹2,22,911 | −₹7,089 | −3.1% |
ICICI Prudential ESG Exclusionary StrategyICICI Prudential ESG Exclusionary Strategy Fund (Direct)
Shriram Multi Sector RotationShriram Multi Sector Rotation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −13.22% | −3.64% |
| Standard deviation | 13.47% | 15.39% |
| Sharpe ratio | -1.37 | -0.58 |
| Sortino ratio | -1.79 | -0.78 |
| Maximum drawdown | −16.3% (30-03-2026) | −15.7% (31-03-2026) |
| Beta | 0.90 | 1.02 |
| Alpha | −8.57% | +4.01% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.46% | −12.07% |
| Standard deviation | 12.30% | 16.03% |
| Sharpe ratio | 0.66 | -1.10 |
| Sortino ratio | 0.91 | -1.40 |
| Maximum drawdown | −19.2% (17-06-2022) | −29.6% (31-03-2026) |
| Beta | 0.80 | 1.00 |
| Alpha | +1.51% | −9.60% |
From daily NAVs, 12-10-2020 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
ICICI Prudential ESG Exclusionary Strategy Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
NIFTY100 ESG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | −16.6% | 29-10-2025 | 30-03-2026 | Not yet | -- | −13.7% |
| Shriram Multi Sector Rotation Fund (Direct) | −29.6% | 31-12-2024 | 31-03-2026 | Not yet | -- | −22.0% |
| NIFTY100 ESG TRI | −15.4% | 07-01-2026 | 30-03-2026 | Not yet | -- | −8.8% |
From daily values since 13-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential ESG Exclusionary Strategy Fund (Direct)
Shriram Multi Sector Rotation Fund (Direct)
NIFTY100 ESG TRI
Against NIFTY100 ESG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential ESG Exclusionary Strategy Fund (Direct) | 80% | 103% | 5.39% |
| Shriram Multi Sector Rotation Fund (Direct) | 90% | 166% | 12.73% |
From month-end values since 13-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential ESG Exclusionary Strategy Fund, September 2026; Shriram Multi Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 39.3%
- Held by both
- 17
- Only in ICICI Prudential ESG Exclusionary Strategy
- 34
- Only in Shriram Multi Sector Rotation
- 24
| Security | % of ICICI Prudential ESG Exclusionary Strategy | % of Shriram Multi Sector Rotation |
|---|---|---|
| HDFC Bank Ltd. | 9.74% | 7.77% |
| Axis Bank Ltd. | 4.80% | 5.71% |
| Mahindra & Mahindra Ltd. | 3.01% | 3.38% |
| Bharti Airtel Ltd. | 2.98% | 3.11% |
| Interglobe Aviation Ltd. | 2.88% | 2.76% |
| Eternal Ltd. | 2.74% | 5.59% |
| SBI Life Insurance Company Ltd. | 2.47% | 2.15% |
| State Bank Of India | 2.13% | 4.06% |
| Reliance Industries Ltd. | 1.79% | 3.84% |
| Swiggy Ltd | 1.52% | 1.70% |
| Maruti Suzuki India Ltd. | 4.27% | 1.34% |
| Rainbow Childrens Medicare Ltd | 1.25% | 2.49% |
| Infosys Ltd. | 1.23% | 1.39% |
| Chalet Hotels Ltd. | 2.20% | 1.20% |
| Tata Consultancy Services Ltd. | 1.09% | 2.31% |
| Tech Mahindra Ltd. | 0.99% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 3.54% | 0.56% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.3% means 39.3% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in ICICI Prudential ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 7.86% |
| TVS Motor Company Ltd. | 4.80% |
| Avenue Supermarts Ltd. | 3.31% |
| Life Insurance Corporation of India | 2.48% |
| Inox Wind Ltd. | 2.20% |
Largest holdings only in Shriram Multi Sector Rotation Fund
| Security | % of fund |
|---|---|
| Adani Ports & Special Economic Zone Ltd. | 3.55% |
| Samvardhana Motherson International Ltd. | 3.16% |
| Apollo Hospitals Enterprise Ltd. | 3.14% |
| Nuvama Wealth Management Ltd. | 2.78% |
| Samhi Hotels Ltd. | 2.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential ESG Exclusionary Strategy | Shriram Multi Sector Rotation |
|---|---|---|
| Equity | 96.7% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.3% | 0.2% |
Market cap of stocks
| Market cap | ICICI Prudential ESG Exclusionary Strategy | Shriram Multi Sector Rotation |
|---|---|---|
| Large Cap | 65.2% | 58.5% |
| Mid Cap | 6.6% | 9.8% |
| Small Cap | 23.7% | 31.5% |
| Not on AMFI's list | 1.2% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | ICICI Prudential ESG Exclusionary Strategy | Shriram Multi Sector Rotation |
|---|---|---|
| Banks | 24.5% | 20.2% |
| Automobiles | 12.1% | 4.7% |
| Healthcare Services | 1.3% | 9.6% |
| Capital Markets | 1.3% | 9.2% |
| Retailing | 8.2% | 7.3% |
| IT - Software | 0.0% | 7.7% |
| Insurance | 6.2% | 2.1% |
| Auto Components | 3.4% | 6.1% |
| Industrial Products | 5.7% | 1.8% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential ESG Exclusionary Strategy vs Shriram Multi Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential ESG Exclusionary Strategy Fund | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.34% | 0.98% |
| Base expense ratio (Direct) | 0.98% | 0.60% |
| Total expense ratio (Regular) | 2.36% | 2.71% |
| Base expense ratio (Regular) | 1.86% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Compare Shriram Multi Sector Rotation with
ICICI Prudential ESG Exclusionary Strategy Fund vs Shriram Multi Sector Rotation Fund: Frequently Asked Questions
What is the difference between ICICI Prudential ESG Exclusionary Strategy Fund and Shriram Multi Sector Rotation Fund?
ICICI Prudential ESG Exclusionary Strategy Fund is a Thematic fund, Shriram Multi Sector Rotation Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 39.3%. ICICI Prudential ESG Exclusionary Strategy Fund charges 1.34% a year and Shriram Multi Sector Rotation Fund 0.98%.
Which has given higher returns, ICICI Prudential ESG Exclusionary Strategy Fund or Shriram Multi Sector Rotation Fund?
Over 1 year: ICICI Prudential ESG Exclusionary Strategy Fund −13.22%, Shriram Multi Sector Rotation Fund −3.64%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential ESG Exclusionary Strategy Fund or Shriram Multi Sector Rotation Fund?
Shriram Multi Sector Rotation Fund charges less: 0.98% a year against 1.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential ESG Exclusionary Strategy Fund and Shriram Multi Sector Rotation Fund overlap?
39.3%. They hold 17 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, M&M. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential ESG Exclusionary Strategy Fund and Shriram Multi Sector Rotation Fund?
Yes. 39.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential ESG Exclusionary Strategy Fund and Shriram Multi Sector Rotation Fund?
ICICI Prudential ESG Exclusionary Strategy Fund: Mittul Kalawadia, Ayush Shah. Shriram Multi Sector Rotation Fund: Hitesh Savanth, Prateek Nigudkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.