What is the ICICI ACE Strategy and how has it performed?

ICICI ACE is a Portfolio Management Service (PMS) strategy launched on 28 December 2010, benchmarked against the BSE 500 TRI index. The strategy aims to benefit from the long-term compounding effect by investing in good businesses run by experienced management teams, with a primary focus on large-cap equity and equity-related instruments across the full market capitalisation spectrum. The strategy is managed by Mr. Chockalingam Narayanan and reported a 6-month M2M return of -0.30% against a benchmark return of 6.3% as of 20 August, 2026. The minimum investment for this PMS strategy is ₹50 lakh as per SEBI regulations.

ICICI ACE Strategy Details

Predominantly invests in listed equity and equity related securities. The ACE Strategy may also take exposure to exchange traded derivative instruments for hedging purpose. For liquidity or defensive considerations or pending deployment, the Portfolio Manager may invest in debt, money market instruments, mutual fund schemes or debt ETFs

Performance Summary

3 Months returns

Performance M2M -5.4%

Index Benchmark (BSE 500 TRI) 6.3%

Top 5 Sectors Weightage

Banks 18.07%
Retailing 16.48%
Ferrous Metals 9.53%
Transport Services 9.32%
Construction 8.03%
others 38.57%

Know About Fund Managers

Mr. Chockalingam Narayanan

Ms Geetika Gupta

FAQ

Frequently asked questions about ICICI ACE

What is the benchmark and inception date of ICICI ACE?

ICICI ACE was launched on 28 December 2010 and is benchmarked against the BSE 500 TRI index. The strategy is one of ICICI Prudential longer-running PMS strategies, with over two decades of track record as a Portfolio Management Service.

Who manages the ICICI ACE PMS strategy?

ICICI ACE is managed by Mr. Chockalingam Narayanan .

What sectors does ICICI ACE invest in?

As of 20 August, 2026, the ICICI ACE portfolio is allocated primarily across Banks (18.07%), Retailing (16.48%), Ferrous Metals (9.53%), Transport Services (9.32%), and Construction (8.03%), with the remaining 38.57% across other sectors. The strategy primarily invests in large-cap equities but retains flexibility to invest across the full market capitalisation spectrum.

What is the minimum investment for ICICI ACE PMS?

As per SEBI regulations, the minimum investment for Portfolio Management Services (PMS) in India is ₹50 lakh per investor. This threshold applies to all PMS strategies including ICICI ACE. The minimum investment amount is subject to change based on SEBI regulatory notifications.

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