Aiming to identify leaders of tomorrow — a Scheme under ICICI Prudential Strategic Alpha Fund, a Category III Alternative Investment Fund, aiming to provide long-term capital appreciation by investing predominantly in mid and small cap companies with sustainable competitive advantages.
| Name of the Scheme | ICICI Prudential Emerging Leaders Fund – Series III |
| Nature of the Scheme | AIF Category III (Closed Ended) |
| Umbrella Fund | ICICI Prudential Strategic Alpha Fund |
| Inception Date | 16-03-2026 |
| Benchmark | Nifty Mid-Smallcap 400 |
| Market Cap Focus | Predominantly Mid & Small Cap |
| Term of the Scheme | 7 years from First Closing, extendable by up to 2 further 1-year periods with contributor consent |
| Since Inception Returns | 20.43% |
ICICI Prudential Alternate Investments enjoys a rich parentage of two large organizations — ICICI Bank Ltd, India's largest private sector bank and one of the most trusted brands in financial services, and Prudential Plc UK, an international financial services company with significant operations across Asia, the US, and the UK. ICICI Prudential Alternate Investments is the brand that covers both Portfolio Management Services and Alternative Investment Funds, managed by ICICI Prudential Asset Management Company Limited.
Supported by a common Equity Research team of over 20 analysts covering ~670 companies across 20+ sectors, and an Investment Specialist team providing product and strategy information to clients and distributors.
The Scheme aims to provide long-term capital appreciation and generate returns by investing predominantly in listed equity and equity-related securities across the mid and small cap segment of the market, with exposure to companies enjoying an economic moat and/or undergoing special situations or an unfavourable business cycle. The Scheme aims to invest in domestic companies across all sectors with potential for meaningful growth and a sustainable competitive advantage.
Mid cap stocks: ranked 101–250 by market capitalisation. Small cap stocks: ranked above 250 by market capitalisation. The Fund may invest up to 10% of investable funds in unlisted equities, as deemed appropriate by the Investment Manager.
Companies with a track record of sustainable growth and a clear strategy to dominate niche markets.
Businesses with sustainable competitive advantages and specialised products or services.
Companies known for competence and governance practices, ensuring effective leadership and strategic decision-making.
Companies focused on innovation, actively launching new products to drive growth and increase market share.
In search of companies with meaningful earnings growth and sustainable competitive advantage — the Scheme aims to identify prominent businesses, with competent management, at reasonable valuations.
The BMV framework is developed in-house by the Investment Manager and is indicative in nature. The Scheme may or may not follow this framework at all times.
Screens by market cap, liquidity, and industry. An Initiation Note is prepared and the stock is actively covered.
Aims to identify companies with meaningful, sustainable earnings growth through annual report analysis, quarterly result analysis, industry research, and sell-side research.
Focus on growth, prudent capital allocation, improving ROE, fair corporate governance standards, and aligned shareholder interests.
Companies trading at reasonable valuations with a margin of safety.
Indicative portfolio of ~35–40 companies.
| Trailing Returns (%) | 1M | 3M | 6M | 1Y | 2Y | 3Y | Since Inception |
|---|---|---|---|---|---|---|---|
| Emerging Leaders Fund | 2.34% | 2.35% | 5.53% | 8.12% | 1.60% | 15.95% | 20.43% |
| Nifty 50 | 2.17 | 1.61 | -3.7 | -1.57 | -1.14 | 7.27 | 8.43 |
| BSE 500 | 2.02 | 3.29 | 1.38 | 1.95 | -0.66 | 10.66 | 10.93 |
Wish to make informed investments for long term wealth creation? Speak with our PMS AIF Specialists.
Book a Call with our SpecialistsThis Scheme is a Category III Alternative Investment Fund. Fee structure, minimum commitment, drawdown, exit charge, and liquidity terms are governed by the Private Placement Memorandum (PPM) and Contribution Agreement and are not reproduced here; investors should refer to the PPM before making any investment decision.
Investing in securities including equities and derivatives involves risks associated generally with investments in securities. The value of the investments may be affected by factors including price and volume, interest rate volatility, currency exchange rates, and changes in regulatory and administrative policies. There is no assurance that the objective of the Scheme will be achieved; the value of the portfolio may fluctuate and can go up or down, and Contributors could lose some or all of their investment. Mid and small cap stocks generally carry greater volatility, liquidity, and business risk than large-cap companies.
The stock(s)/sector(s) mentioned do not constitute any recommendation, and the Scheme may or may not have any future positions in these stock(s)/sector(s). Past performance may or may not be sustained in the future and is not a guarantee of future results. Investors are not being offered any guaranteed or assured returns. Investors are advised to consult their own legal, tax, and financial advisors and carefully read the PPM and Contribution Agreement before making any investment decision.
ICICI Prudential Alternate Investments is the brand that envelops Portfolio Management Services and Alternative Investment Funds, managed by ICICI Prudential Asset Management Company Limited.
