ICICI Prudential MNC Fund vs SBI MNC Fund
Direct Plan, Growth option · Data as on 29-10-2026
ICICI Prudential MNC Fund is a Thematic fund and SBI MNC Fund is a Thematic fund. In the 3 years to 30-10-2026, ICICI Prudential MNC Fund (Direct) returned 9.8% a year and SBI MNC Fund (Direct) returned 6.8% a year. ICICI Prudential MNC Fund charges 1.26% a year and SBI MNC Fund 1.38% (Direct plans). Their portfolios overlap 29.5%: they hold 17 of the same securities.
ICICI Prudential MNC Fund
Thematic
- 3 year return
- 9.8%
- Expense ratio
- 1.26%
- NAV
- ₹31.01
Which is better, ICICI Prudential MNC or SBI MNC? 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 MNC returned more over 5 years: 10.0% a year against 7.0%.
- ICICI Prudential MNC returned more over 3 years: 9.8% a year against 6.8%.
- ICICI Prudential MNC costs less: 1.26% a year against 1.38% (Direct plans).
- ICICI Prudential MNC swung less over 3 years: a standard deviation of 11.5% a year against 12.0%.
- SBI MNC fell less in its worst fall since 18-06-2019: −27.5% against −30.7%.
- SBI MNC is the larger fund: ₹6,381 Cr against ₹1,703 Cr.
- Their portfolios overlap 29.5%: 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 MNC Fund | SBI MNC Fund |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹1,703 Cr (30-09-2026) | ₹6,381 Cr (30-09-2026) |
| NAV | ₹31.01 (Direct) | ₹426.23 (Direct) |
| Expense ratio (Direct) | 1.26% | 1.38% |
| Expense ratio (Regular) | 2.18% | 2.01% |
| Riskometer | Not available | Very High |
| Benchmark | Nifty MNC TRI | Nifty MNC TRI |
| Launch date | 17-06-2019 | 30-09-1994 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Roshan Chutkey, Sharmila D’mello | Tanmaya Desai |
| 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. | Exit load of 1%, if redeemed within 30 days. |
ICICI Prudential MNC vs SBI 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% | -- |
| SBI MNC Fund (Direct) | −3.81% | −4.09% | +4.19% | +8.18% | +6.75% | +6.99% | +10.86% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
ICICI Prudential MNC vs SBI MNC: Year-wise Returns
| Year | ICICI PrudentialICICI Prudential MNC | SBISBI MNC | Nifty MNC TRI |
|---|---|---|---|
| 2026to date | −3.28% | +9.20% | −5.55% |
| 2025 | +6.51% | −4.98% | +10.75% |
| 2024 | +17.72% | +8.94% | +16.63% |
| 2023 | +28.04% | +24.36% | +24.10% |
| 2022 | +0.91% | −5.02% | +3.83% |
| 2021 | +42.89% | +40.71% | +24.64% |
ICICI Prudential MNC vs SBI MNC: Rolling Returns
Every holding period of both funds, against Nifty MNC TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 1,075 of them, one for each trading day from 20-06-2022 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)
SBI MNC Fund (Direct)
Nifty MNC TRI
to
Oct 2022Jul 2020
to
Jul 2023Apr 2021
to
Apr 2024Jan 2022
to
Jan 2025Oct 2022
to
Oct 2025Jun 2023
to
Jun 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 | 0.0 | 0.0 | 2.3 | 18.3 | 33.0 | 24.1 | 22.2 | 20.0% | 19.6% | 8.4% | 37.2% | 53% |
| SBI MNC | 0.0 | 0.2 | 38.0 | 22.5 | 19.0 | 19.6 | 0.7 | 13.9% | 13.1% | 4.8% | 28.4% | 38% |
| Nifty MNC TRI | 0.0 | 0.0 | 0.2 | 22.3 | 65.0 | 12.3 | 0.2 | 16.9% | 16.7% | 9.8% | 26.9% | -- |
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 18-06-2019. Past returns do not promise future returns.
ICICI Prudential MNC vs SBI 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 18-06-2019 to 29-10-2026: 89 instalments, ₹8,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| ICICI Prudential MNCICICI Prudential MNC Fund (Direct) | ₹8,90,000 | ₹15,09,634 | ₹6,19,634 | 14.0% |
| SBI MNCSBI MNC Fund (Direct) | ₹8,90,000 | ₹13,24,257 | ₹4,34,257 | 10.5% |
ICICI Prudential MNCICICI Prudential MNC Fund (Direct)
SBI MNCSBI 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 SBI 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) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | −1.93% | +8.18% |
| Standard deviation | 12.84% | 14.15% |
| Sharpe ratio | -0.56 | 0.21 |
| Sortino ratio | -0.74 | 0.29 |
| Maximum drawdown | −13.3% (23-10-2026) | −12.4% (23-10-2026) |
| Beta | 0.77 | 0.81 |
| Alpha | +0.35% | +11.19% |
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) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.81% | +6.75% |
| Standard deviation | 11.47% | 11.98% |
| Sharpe ratio | 0.33 | 0.06 |
| Sortino ratio | 0.45 | 0.08 |
| Maximum drawdown | −19.5% (07-04-2025) | −15.4% (07-04-2025) |
| Beta | 0.75 | 0.68 |
| Alpha | +0.19% | −2.53% |
From daily NAVs, 27-10-2023 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) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.02% | +6.99% |
| Standard deviation | 11.45% | 12.02% |
| Sharpe ratio | 0.37 | 0.10 |
| Sortino ratio | 0.50 | 0.14 |
| Maximum drawdown | −19.5% (07-04-2025) | −18.8% (17-06-2022) |
| Beta | 0.76 | 0.69 |
| Alpha | +1.25% | −1.47% |
From daily NAVs, 29-10-2021 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) | SBI MNC Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.59% | +14.10% |
| Standard deviation | 13.36% | 12.46% |
| Sharpe ratio | 0.86 | 0.65 |
| Sortino ratio | 1.16 | 0.89 |
| Maximum drawdown | −30.7% (23-03-2020) | −27.5% (23-03-2020) |
| Beta | 0.75 | 0.65 |
| Alpha | +5.66% | +3.15% |
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)
SBI 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) | −30.7% | 24-01-2020 | 23-03-2020 | 05-08-2020 | 4 months | −10.6% |
| SBI MNC Fund (Direct) | −27.5% | 13-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −8.6% |
| Nifty MNC TRI | −31.9% | 13-02-2020 | 23-03-2020 | 18-08-2020 | 5 months | −16.0% |
From daily values since 18-06-2019, 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)
SBI MNC Fund (Direct)
Nifty MNC 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 MNC Fund (Direct)
SBI MNC Fund (Direct)
Nifty MNC 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 MNC Fund (Direct)
SBI MNC Fund (Direct)
Nifty MNC TRI
Against Nifty MNC TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ICICI Prudential MNC Fund (Direct) | 93% | 65% | 8.02% |
| SBI MNC Fund (Direct) | 82% | 66% | 8.56% |
From month-end values since 18-06-2019. 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 SBI MNC: Portfolio Overlap
From each fund's latest monthly portfolio: ICICI Prudential MNC Fund, September 2026; SBI MNC Fund, September 2026
Holdings in common
- Overlap
- 29.5%
- Held by both
- 17
- Only in ICICI Prudential MNC
- 32
- Only in SBI MNC
- 28
| Security | % of ICICI Prudential MNC | % of SBI MNC |
|---|---|---|
| Sona Blw Precision Forgings Ltd. | 4.88% | 3.90% |
| Vedanta Aluminium Metal Ltd. | 3.84% | 3.88% |
| Sun Pharmaceutical Industries Ltd. | 4.08% | 3.42% |
| Hyundai Motor India Ltd. | 3.77% | 2.67% |
| Siemens Ltd. | 1.99% | 2.92% |
| Britannia Industries Ltd. | 4.83% | 1.89% |
| Maruti Suzuki India Ltd. | 6.23% | 1.88% |
| Hindustan Unilever Ltd. | 7.09% | 1.65% |
| ZF Commercial Vehicle Control Systems India Ltd | 2.87% | 1.32% |
| Cummins India Ltd. | 1.32% | 4.77% |
| Cohance Lifesciences Ltd. | 1.19% | 1.53% |
| Cipla Ltd. | 1.01% | 2.11% |
| ABB India Ltd. | 0.93% | 3.19% |
| COFORGE Ltd. | 0.86% | 1.37% |
| Anthem Biosciences Ltd | 0.85% | 2.96% |
| Nestle India Ltd. | 4.59% | 0.62% |
| Abbott India Ltd. | 1.00% | 0.21% |
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 |
|---|---|
| Dr. Reddy's Laboratories Ltd. | 3.95% |
| United Spirits Ltd. | 3.03% |
| Pearl Global Industries Ltd. | 2.82% |
| CIE Automotive India Ltd | 2.36% |
| Kalpataru Projects International Ltd | 2.32% |
Largest holdings only in SBI MNC Fund
| Security | % of fund |
|---|---|
| Divi's Laboratories Ltd. | 5.82% |
| Bosch Ltd. | 4.13% |
| Navin Fluorine International Ltd. | 3.62% |
| Aether Industries Ltd. | 3.20% |
| Aurobindo Pharma Ltd. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ICICI Prudential MNC | SBI MNC |
|---|---|---|
| Equity | 96.6% | 96.3% |
| Debt | 0.0% | 0.3% |
| Cash and others | 3.4% | 3.4% |
Market cap of stocks
| Market cap | ICICI Prudential MNC | SBI MNC |
|---|---|---|
| Large Cap | 42.9% | 39.4% |
| Mid Cap | 22.2% | 24.1% |
| Small Cap | 30.8% | 31.9% |
| Foreign stocks | 0.7% | 0.0% |
| Not on AMFI's list | 0.0% | 0.8% |
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 | SBI MNC |
|---|---|---|
| Pharmaceuticals & Biotechnology | 18.6% | 21.3% |
| Auto Components | 12.3% | 17.6% |
| Automobiles | 11.0% | 4.5% |
| Chemicals & Petrochemicals | 1.6% | 11.0% |
| Food Products | 9.4% | 2.5% |
| Industrial Products | 6.2% | 8.4% |
| Diversified Fmcg | 7.1% | 0.0% |
| Electrical Equipment | 4.8% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
ICICI Prudential MNC vs SBI MNC: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ICICI Prudential MNC Fund | SBI MNC Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.26% | 1.38% |
| Base expense ratio (Direct) | 0.99% | 1.03% |
| Total expense ratio (Regular) | 2.18% | 2.01% |
| Base expense ratio (Regular) | 1.80% | 1.57% |
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 SBI MNC Fund: Frequently Asked Questions
What is the difference between ICICI Prudential MNC Fund and SBI MNC Fund?
ICICI Prudential MNC Fund is a Thematic fund, SBI MNC Fund is a Thematic fund, run by ICICI Prudential Mutual Fund and SBI Mutual Fund. Their portfolios overlap 29.5%. ICICI Prudential MNC Fund charges 1.26% a year and SBI MNC Fund 1.38%.
Which has given higher returns, ICICI Prudential MNC Fund or SBI MNC Fund?
Over 1 year: ICICI Prudential MNC Fund −1.93%, SBI MNC Fund +8.18%. Over 3 years: ICICI Prudential MNC Fund +9.81% a year, SBI MNC Fund +6.75% a year. Over 5 years: ICICI Prudential MNC Fund +10.02% a year, SBI MNC Fund +6.99% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, ICICI Prudential MNC Fund or SBI MNC Fund?
ICICI Prudential MNC Fund charges less: 1.26% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ICICI Prudential MNC Fund and SBI MNC Fund overlap?
29.5%. They hold 17 of the same securities, the largest shared ones being SONACOMS, VAML, SUNPHARMA. From each fund's latest monthly portfolio.
Which is better for SIP, ICICI Prudential MNC Fund or SBI MNC Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹7,61,644 in ICICI Prudential MNC Fund (XIRR 8.7% a year) and ₹7,31,746 in SBI MNC Fund (XIRR 7.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both ICICI Prudential MNC Fund and SBI 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 SBI MNC Fund?
ICICI Prudential MNC Fund: Roshan Chutkey, Sharmila D’mello. SBI MNC Fund: Tanmaya Desai.
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.