ICICI Prudential MNC Fund vs Kotak MNC Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential MNC Fund is a Thematic fund and Kotak MNC Fund is a Thematic fund. In the year to 30-10-2026, ICICI Prudential MNC Fund (Direct) returned −1.9% and Kotak MNC Fund (Direct) returned 9.3%. ICICI Prudential MNC Fund charges 1.26% a year and Kotak MNC Fund 0.90% (Direct plans). Their portfolios overlap 29.5%: they hold 13 of the same securities.
ICICI Prudential MNC Fund
Thematic
- 1 year return
- −1.9%
- Expense ratio
- 1.26%
- NAV
- ₹31.01
Which is better, ICICI Prudential MNC or Kotak MNC? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak MNC returned more over 1 year: 9.3% against −1.9%.
- Kotak MNC costs less: 0.90% a year against 1.26% (Direct plans).
- ICICI Prudential MNC fell less in its worst fall since 31-10-2024: −14.5% against −16.5%.
- Kotak MNC is the larger fund: ₹2,246 Cr against ₹1,703 Cr.
- Their portfolios overlap 29.5%: 13 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 MNC Fund | Kotak MNC Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,703 Cr (30-09-2026) | ₹2,246 Cr (30-09-2026) |
| NAV | ₹31.01 (Direct) | ₹11.89 (Direct) |
| Expense ratio (Direct) | 1.26% | 0.90% |
| Expense ratio (Regular) | 2.18% | 2.29% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 17-06-2019 | 28-10-2024 |
| Minimum investment | ₹5,000 | ₹100 |
| Lock in | None | None |
| Fund managers | Roshan Chutkey, Sharmila D’mello | Harsha Upadhyaya, Dhananjay Thikaria, Abhishek Bisen |
| 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. | 0.5% for redemption within 90 Days |
ICICI Prudential MNC vs Kotak MNC: 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 MNC Fund (Direct) | −3.64% | −7.71% | −2.97% | −1.93% | +9.81% | +10.02% | -- |
| Kotak MNC Fund (Direct) | −5.79% | −4.76% | +0.71% | +9.29% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential MNC vs Kotak MNC: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential MNC | KotakKotak MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −3.28% | +8.73% | −5.55% |
| 2025 | +6.51% | +8.05% | +10.75% |
| 2024 | +17.72% | -- | +16.63% |
| 2023 | +28.04% | -- | +24.10% |
| 2022 | +0.91% | -- | +3.83% |
| 2021 | +42.89% | -- | +24.64% |
ICICI Prudential MNC vs Kotak MNC: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 246 of them, one for each trading day from 31-10-2025 to 29-10-2026: 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 MNC Fund (Direct)
Kotak MNC Fund (Direct)
Nifty MNC TRI
to
Nov 2025Jan 2025
to
Jan 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 MNC | 3.3 | 22.8 | 43.9 | 26.0 | 4.1 | 0.0 | 0.0 | 7.8% | 8.0% | −4.9% | 17.4% | 10% |
| Kotak MNC | 0.0 | 3.7 | 21.6 | 8.2 | 14.3 | 35.5 | 16.7 | 18.0% | 20.7% | 2.4% | 30.0% | 77% |
| Nifty MNC TRI | 3.7 | 14.6 | 15.9 | 28.0 | 24.0 | 12.2 | 1.6 | 12.3% | 13.3% | −7.0% | 27.2% | -- |
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 Nifty MNC 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 31-10-2024. Past returns do not promise future returns.
ICICI Prudential MNC vs Kotak MNC: 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 01-10-2024 to 29-10-2026: 25 instalments, ₹2,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential MNCICICI Prudential MNC Fund (Direct) | ₹2,50,000 | ₹2,52,300 | ₹2,300 | 0.9% |
| Kotak MNCKotak MNC Fund (Direct) | ₹2,50,000 | ₹2,80,415 | ₹30,415 | 11.1% |
ICICI Prudential MNCICICI Prudential MNC Fund (Direct)
Kotak MNCKotak MNC 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 MNC vs Kotak MNC: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | ICICI Prudential MNC Fund (Direct) | Kotak MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.93% | +9.29% |
| Standard deviation | 12.84% | 16.05% |
| Sharpe ratio | -0.56 | 0.25 |
| Sortino ratio | -0.74 | 0.34 |
| Maximum drawdown | −13.3% (23-10-2026) | −12.3% (23-10-2026) |
| Beta | 0.77 | 0.96 |
| Alpha | +0.35% | +13.89% |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 MNC Fund (Direct) | Kotak MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.59% | +8.97% |
| Standard deviation | 13.36% | 14.20% |
| Sharpe ratio | 0.86 | 0.23 |
| Sortino ratio | 1.16 | 0.32 |
| Maximum drawdown | −30.7% (23-03-2020) | −16.5% (07-04-2025) |
| Beta | 0.75 | 0.91 |
| Alpha | +5.66% | +8.50% |
From daily NAVs, 18-06-2019 to 29-10-2026. 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 MNC Fund (Direct)
Kotak MNC Fund (Direct)
Nifty MNC TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| ICICI Prudential MNC Fund (Direct) | −14.5% | 06-11-2024 | 07-04-2025 | 11-09-2025 | 5 months | −10.6% |
| Kotak MNC Fund (Direct) | −16.5% | 05-12-2024 | 07-04-2025 | 16-07-2025 | 3 months | −9.1% |
| Nifty MNC TRI | −17.9% | 10-08-2026 | 23-10-2026 | Not yet | -- | −16.0% |
From daily values since 31-10-2024, 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 MNC Fund (Direct)
Kotak MNC Fund (Direct)
Nifty MNC TRI
Against Nifty MNC TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential MNC Fund (Direct) | 78% | 76% | 6.49% |
| Kotak MNC Fund (Direct) | 118% | 78% | 6.78% |
From month-end values since 31-10-2024. 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 MNC vs Kotak MNC: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential MNC Fund, September 2026; Kotak MNC Fund, September 2026
Holdings in common
- Overlap
- 29.5%
- Held by both
- 13
- Only in ICICI Prudential MNC
- 36
- Only in Kotak MNC
- 32
| Security | % of ICICI Prudential MNC | % of Kotak MNC |
|---|---|---|
| Hindustan Unilever Ltd. | 7.09% | 3.35% |
| Britannia Industries Ltd. | 4.83% | 3.23% |
| Sun Pharmaceutical Industries Ltd. | 4.08% | 3.23% |
| Nestle India Ltd. | 4.59% | 3.21% |
| Maruti Suzuki India Ltd. | 6.23% | 3.20% |
| Hyundai Motor India Ltd. | 3.77% | 2.71% |
| United Spirits Ltd. | 3.03% | 2.47% |
| ZF Commercial Vehicle Control Systems India Ltd | 2.87% | 2.04% |
| Siemens Ltd. | 1.99% | 1.88% |
| Cummins India Ltd. | 1.32% | 2.12% |
| PI Industries Ltd. | 1.98% | 1.03% |
| ABB India Ltd. | 0.93% | 1.55% |
| Anthem Biosciences Ltd | 0.85% | 1.19% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.5% means 29.5% 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 MNC Fund
| Security | % of fund |
|---|---|
| Sona Blw Precision Forgings Ltd. | 4.88% |
| Dr. Reddy's Laboratories Ltd. | 3.95% |
| Vedanta Aluminium Metal Ltd. | 3.84% |
| Pearl Global Industries Ltd. | 2.82% |
| CIE Automotive India Ltd | 2.36% |
Largest holdings only in Kotak MNC Fund
| Security | % of fund |
|---|---|
| MTAR TECHNOLOGIES LIMITED | 4.86% |
| INDO-MIM LTD | 4.70% |
| Ami Organics Ltd | 4.38% |
| AZAD ENGINEERING LTD | 4.35% |
| GE VERNOVA T&D INDIA LIMITED | 3.37% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential MNC | Kotak MNC |
|---|---|---|
| Equity | 96.6% | 99.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.4% | 0.4% |
Market cap of stocks
| Market cap | ICICI Prudential MNC | Kotak MNC |
|---|---|---|
| Large Cap | 42.9% | 33.5% |
| Mid Cap | 22.2% | 22.2% |
| Small Cap | 30.8% | 37.9% |
| Foreign stocks | 0.7% | 0.0% |
| Not on AMFI's list | 0.0% | 6.0% |
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 MNC | Kotak MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.6% | 0.0% |
| Pharmaceuticals and Biotechnology | 0.0% | 18.1% |
| Electrical Equipment | 4.8% | 16.0% |
| Auto Components | 12.3% | 11.2% |
| Automobiles | 11.0% | 5.9% |
| Food Products | 9.4% | 6.4% |
| Diversified Fmcg | 7.1% | 0.0% |
| Industrial Products | 6.2% | 3.7% |
| Aerospace and Defense | 0.0% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential MNC vs Kotak MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential MNC Fund | Kotak MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.26% | 0.90% |
| Base expense ratio (Direct) | 0.99% | 0.57% |
| Total expense ratio (Regular) | 2.18% | 2.29% |
| Base expense ratio (Regular) | 1.80% | 1.74% |
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 MNC with
ICICI Prudential MNC Fund vs Kotak MNC Fund: Frequently Asked Questions
What is the difference between ICICI Prudential MNC Fund and Kotak MNC Fund?
ICICI Prudential MNC Fund is a Thematic fund, Kotak MNC Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 29.5%. ICICI Prudential MNC Fund charges 1.26% a year and Kotak MNC Fund 0.90%.
Which has given higher returns, ICICI Prudential MNC Fund or Kotak MNC Fund?
Over 1 year: ICICI Prudential MNC Fund −1.93%, Kotak MNC Fund +9.29%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential MNC Fund or Kotak MNC Fund?
Kotak MNC Fund charges less: 0.90% a year against 1.26%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential MNC Fund and Kotak MNC Fund overlap?
29.5%. They hold 13 of the same securities, the largest shared ones being HINDUNILVR, BRITANNIA, SUNPHARMA. From each fund's latest monthly portfolio.
Can I invest in both ICICI Prudential MNC Fund and Kotak MNC Fund?
Yes. 29.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ICICI Prudential MNC Fund and Kotak MNC Fund?
ICICI Prudential MNC Fund: Roshan Chutkey, Sharmila D’mello. Kotak MNC Fund: Harsha Upadhyaya, Dhananjay Thikaria, Abhishek Bisen.
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.