ICICI Prudential Flexi Cap Fund vs ICICI Prudential Long Term Wealth Enhancement Fund
Direct Plan, Growth option · Data as on 30-10-2026
ICICI Prudential Flexi Cap Fund is a Flexi Cap fund and ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund. In the 3 years to 30-10-2026, ICICI Prudential Flexi Cap Fund (Direct) returned 15.2% a year and ICICI Prudential Long Term Wealth Enhancement Fund (Direct) returned 12.7% a year. ICICI Prudential Flexi Cap Fund charges 0.88% a year and ICICI Prudential Long Term Wealth Enhancement Fund 0.81% (Direct plans). Their portfolios overlap 56.4%: they hold 23 of the same securities.
ICICI Prudential Flexi Cap Fund
Flexi Cap
- 3 year return
- 15.2%
- Expense ratio
- 0.88%
- NAV
- ₹20.79
ICICI Prudential Long Term Wealth Enhancement Fund
ELSS
- 3 year return
- 12.7%
- Expense ratio
- 0.81%
- NAV
- ₹29.08
Which is better, ICICI Prudential Flexi Cap or ICICI Prudential Long Term Wealth Enhancement? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- ICICI Prudential Flexi Cap returned more over 5 years: 13.9% a year against 11.7%.
- ICICI Prudential Flexi Cap returned more over 3 years: 15.2% a year against 12.7%.
- ICICI Prudential Long Term Wealth Enhancement costs less: 0.81% a year against 0.88% (Direct plans).
- ICICI Prudential Long Term Wealth Enhancement swung less over 3 years: a standard deviation of 13.0% a year against 14.2%.
- ICICI Prudential Long Term Wealth Enhancement fell less in its worst fall since 19-07-2021: −19.0% against −19.7%.
- ICICI Prudential Long Term Wealth Enhancement holds more in large companies: 79.2% of the fund in large caps against 61.1%.
- ICICI Prudential Flexi Cap is the larger fund: ₹25,141 Cr against ₹37 Cr.
- Their portfolios overlap 56.4%: 23 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 Flexi Cap Fund | ICICI Prudential Long Term Wealth Enhancement Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Flexi Cap | ELSS |
| AUM | ₹25,141 Cr (30-09-2026) | ₹37 Cr (30-09-2026) |
| NAV | ₹20.79 (Direct) | ₹29.08 (Direct) |
| Expense ratio (Direct) | 0.88% | 0.81% |
| Expense ratio (Regular) | 1.73% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 17-07-2021 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Rajat Chandak, Sharmila D’silva | Not available |
| Exit load | 1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 1 month from allotment. Nil If the amount sought to be redeemed or switched out more than 1 month. | Not available |
ICICI Prudential Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: 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 Flexi Cap Fund (Direct) | −1.14% | −3.84% | +4.58% | −0.86% | +15.20% | +13.89% | -- |
| ICICI Prudential Long Term Wealth Enhancement Fund (Direct) | +0.24% | −6.22% | +0.41% | −8.09% | +12.65% | +11.74% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 46 Flexi Cap funds and the 50 ELSS funds, same plan type.
ICICI Prudential Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: Year-wise Returns
| Year | Flexi CapICICI Prudential Flexi Cap | Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| 2026to date | −0.29% | −8.26% |
| 2025 | +10.61% | +8.23% |
| 2024 | +22.40% | +27.24% |
| 2023 | +29.30% | +24.97% |
| 2022 | +10.38% | +15.20% |
| 2021 | -- | +26.50% |
ICICI Prudential Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of ICICI Prudential Flexi Cap Fund
Rolling returns
Every 3-year holding period, 563 of them, one for each trading day from 19-07-2024 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 Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
BSE 500 TRI
to
Sept 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 Flexi Cap | 0.0 | 0.0 | 0.0 | 2.7 | 48.3 | 49.0 | 0.0 | 19.8% | 19.9% | 13.8% | 24.9% | 100% |
| ICICI Prudential Long Term Wealth Enhancement | 0.0 | 0.0 | 0.0 | 14.4 | 50.8 | 30.9 | 3.9 | 19.0% | 19.1% | 10.8% | 26.5% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 4.3 | 36.2 | 52.8 | 6.7 | 0.0 | 15.4% | 15.4% | 8.4% | 22.0% | -- |
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 BSE 500 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 19-07-2021. Past returns do not promise future returns.
ICICI Prudential Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: 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 19-07-2021 to 30-10-2026: 64 instalments, ₹6,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential Flexi CapICICI Prudential Flexi Cap Fund (Direct) | ₹6,40,000 | ₹9,13,492 | ₹2,73,492 | 13.3% |
| ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement Fund | ₹6,40,000 | ₹8,35,033 | ₹1,95,033 | 9.9% |
ICICI Prudential Flexi CapICICI Prudential Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth EnhancementICICI Prudential Long Term Wealth Enhancement Fund
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 Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential Flexi Cap Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.86% | −8.45% |
| Standard deviation | 15.71% | 13.70% |
| Sharpe ratio | -0.39 | -1.00 |
| Sortino ratio | -0.54 | -1.36 |
| Maximum drawdown | −15.1% (23-03-2026) | −16.0% (30-03-2026) |
| Beta | 1.04 | 0.89 |
| Alpha | +7.32% | −2.53% |
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 Flexi Cap Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.20% | +12.27% |
| Standard deviation | 14.22% | 13.02% |
| Sharpe ratio | 0.65 | 0.48 |
| Sortino ratio | 0.91 | 0.68 |
| Maximum drawdown | −19.7% (28-02-2025) | −19.0% (04-03-2025) |
| Beta | 0.94 | 0.83 |
| Alpha | +5.55% | +2.77% |
From daily NAVs, 30-10-2023 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 Flexi Cap Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.89% | +11.32% |
| Standard deviation | 13.67% | 13.58% |
| Sharpe ratio | 0.59 | 0.41 |
| Sortino ratio | 0.83 | 0.57 |
| Maximum drawdown | −19.7% (28-02-2025) | −19.0% (04-03-2025) |
| Beta | 0.90 | 0.87 |
| Alpha | +5.52% | +2.90% |
From daily NAVs, 29-10-2021 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 Flexi Cap Fund (Direct) | ICICI Prudential Long Term Wealth Enhancement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.86% | +12.59% |
| Standard deviation | 13.40% | 16.77% |
| Sharpe ratio | 0.69 | 0.43 |
| Sortino ratio | 0.97 | 0.59 |
| Maximum drawdown | −19.7% (28-02-2025) | −39.7% (23-03-2020) |
| Beta | 0.89 | 0.94 |
| Alpha | +5.03% | +0.66% |
From daily NAVs, 19-07-2021 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 Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential Flexi Cap Fund (Direct) | −19.7% | 27-09-2024 | 28-02-2025 | 17-09-2025 | 7 months | −7.3% |
| ICICI Prudential Long Term Wealth Enhancement Fund | −19.0% | 27-09-2024 | 04-03-2025 | 26-11-2025 | 9 months | −9.7% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 19-07-2021, 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 Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ICICI Prudential Flexi Cap Fund (Direct)
ICICI Prudential Long Term Wealth Enhancement Fund
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential Flexi Cap Fund (Direct) | 102% | 76% | 4.83% |
| ICICI Prudential Long Term Wealth Enhancement Fund | 98% | 79% | 5.67% |
From month-end values since 19-07-2021. 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 Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential Flexi Cap Fund, September 2026; ICICI Prudential Long Term Wealth Enhancement Fund, September 2026
Holdings in common
- Overlap
- 56.4%
- Held by both
- 23
- Only in ICICI Prudential Flexi Cap
- 57
- Only in ICICI Prudential Long Term Wealth Enhancement
- 1
| Security | % of ICICI Prudential Flexi Cap | % of ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| TVS Motor Company Ltd. | 9.51% | 9.91% |
| ICICI Bank Ltd. | 6.90% | 7.75% |
| Maruti Suzuki India Ltd. | 4.48% | 7.90% |
| Avenue Supermarts Ltd. | 4.18% | 5.32% |
| Eternal Ltd. | 3.73% | 5.66% |
| HDFC Bank Ltd. | 3.12% | 7.22% |
| Axis Bank Ltd. | 3.08% | 3.62% |
| Bharti Airtel Ltd. | 2.42% | 4.74% |
| RR Kabel Ltd. | 2.24% | 4.00% |
| The Ethos Ltd. | 2.05% | 5.62% |
| Infosys Ltd. | 2.03% | 3.99% |
| State Bank Of India | 1.94% | 2.64% |
| Interglobe Aviation Ltd. | 1.86% | 2.06% |
| Mahindra & Mahindra Ltd. | 3.46% | 1.83% |
| Red Tape Ltd | 1.43% | 4.31% |
| Travel Food Services Ltd | 1.59% | 0.98% |
| Britannia Industries Ltd. | 0.90% | 1.81% |
| Trent Ltd. | 0.85% | 3.68% |
| 360 One Wam Ltd. | 0.68% | 1.14% |
| Sun Pharmaceutical Industries Ltd. | 0.62% | 3.56% |
| Rubicon Research Ltd | 0.79% | 0.59% |
| HCL Technologies Ltd. | 0.55% | 2.19% |
| HDFC Asset Management Company Ltd. | 0.65% | 0.46% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 56.4% means 56.4% 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 Flexi Cap Fund
| Security | % of fund |
|---|---|
| Lenskart Solutions Ltd. | 2.36% |
| Samvardhana Motherson International Ltd. | 2.27% |
| Sona Blw Precision Forgings Ltd. | 2.08% |
| Shadowfax Technologies Ltd | 1.92% |
| Azad Engineering Ltd | 1.66% |
Largest holdings only in ICICI Prudential Long Term Wealth Enhancement Fund
| Security | % of fund |
|---|---|
| Reliance Industries Ltd. | 4.83% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential Flexi Cap | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Equity | 97.2% | 95.8% |
| Debt | 0.5% | 0.0% |
| Cash and others | 2.3% | 4.2% |
Market cap of stocks
| Market cap | ICICI Prudential Flexi Cap | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Large Cap | 61.1% | 79.2% |
| Mid Cap | 12.6% | 1.1% |
| Small Cap | 23.0% | 15.5% |
| Not on AMFI's list | 0.4% | 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 Flexi Cap | ICICI Prudential Long Term Wealth Enhancement |
|---|---|---|
| Banks | 16.6% | 21.2% |
| Automobiles | 18.2% | 19.6% |
| Retailing | 11.8% | 14.7% |
| Consumer Durables | 7.3% | 9.9% |
| Auto Components | 6.8% | 0.0% |
| It - Software | 3.8% | 6.2% |
| Petroleum Products | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential Flexi Cap vs ICICI Prudential Long Term Wealth Enhancement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential Flexi Cap Fund | ICICI Prudential Long Term Wealth Enhancement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.88% | 0.81% |
| Base expense ratio (Direct) | 0.65% | 0.66% |
| Total expense ratio (Regular) | 1.73% | Not available |
| Base expense ratio (Regular) | 1.38% | 0.92% |
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
Compare ICICI Prudential Flexi Cap with
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ICICI Prudential Flexi Cap Fund vs ICICI Prudential Long Term Wealth Enhancement Fund: Frequently Asked Questions
What is the difference between ICICI Prudential Flexi Cap Fund and ICICI Prudential Long Term Wealth Enhancement Fund?
ICICI Prudential Flexi Cap Fund is a Flexi Cap fund, ICICI Prudential Long Term Wealth Enhancement Fund is an ELSS fund, run by ICICI Prudential Mutual Fund. Their portfolios overlap 56.4%. ICICI Prudential Flexi Cap Fund charges 0.88% a year and ICICI Prudential Long Term Wealth Enhancement Fund 0.81%.
Which has given higher returns, ICICI Prudential Flexi Cap Fund or ICICI Prudential Long Term Wealth Enhancement Fund?
Over 1 year: ICICI Prudential Flexi Cap Fund −0.86%, ICICI Prudential Long Term Wealth Enhancement Fund −8.09%. Over 3 years: ICICI Prudential Flexi Cap Fund +15.20% a year, ICICI Prudential Long Term Wealth Enhancement Fund +12.65% a year. Over 5 years: ICICI Prudential Flexi Cap Fund +13.89% a year, ICICI Prudential Long Term Wealth Enhancement Fund +11.74% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential Flexi Cap Fund or ICICI Prudential Long Term Wealth Enhancement Fund?
ICICI Prudential Long Term Wealth Enhancement Fund charges less: 0.81% a year against 0.88%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential Flexi Cap Fund and ICICI Prudential Long Term Wealth Enhancement Fund overlap?
56.4%. They hold 23 of the same securities, the largest shared ones being TVSMOTOR, ICICIBANK, MARUTI. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential Flexi Cap Fund or ICICI Prudential Long Term Wealth Enhancement Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,52,236 in ICICI Prudential Flexi Cap Fund (XIRR 13.1% a year) and ₹7,77,929 in ICICI Prudential Long Term Wealth Enhancement Fund (XIRR 9.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential Flexi Cap Fund and ICICI Prudential Long Term Wealth Enhancement Fund?
Yes. 56.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.