What is the ICICI Growth Leaders Strategy and how has it performed?

ICICI Growth Leaders is a Portfolio Management Service (PMS) strategy launched on 22 December 2000, 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 4.45% against a benchmark return of 6.3% as of 30 September, 2026. The minimum investment for this PMS strategy is ₹50 lakh as per SEBI regulations.

ICICI Growth Leaders Strategy Details

The Portfolio Manager selects equity and equity related securities of companies from the listed universe space across market capitalisation which fit into the investment strategy of the portfolio. The Portfolio Manager uses a blend of top-down and bottom-up approach for stock selection. The top-down approach is used to identify key macro-economic and sectoral themes for stock selection. The bottom-up approach is used to identify companies that are believed to be attractive investment opportunities in various industries and market conditions.

Performance Summary

3 Months returns

Performance M2M -5.4%

Index Benchmark (BSE 500 TRI) 6.3%

Top 5 Sectors Weightage

Banks 15.28%
Retailing 16.57%
Ferrous Metals 10.91%
Constructions 7.17%
Automobiles 7.6%
others 42.47%

Know About Fund Managers

Mr. Chockalingam Narayanan

Mr. Chockalingam Narayanan has over 17 years of extensive experience in Fund Management, Investment Research and Market Analysis. He has been instrumental in analysing business fundamentals to derive relevant and actionable analysis that has portfolio growth. He is consistently relied upon for providing detailed analysis of the macro-economy, financial markets and ESG that serve as some of the key foundation pillars for the various investment strategies that he has worked with in his career. In his career, he has earlier worked with leading organisations like Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Private Limited and Batlivala & Karani Securities. Academically, Mr Chockalingam Narayanan has a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal and a Bachelor of Commerce from G.R.Damodaran College of Science. He has also passed the Financial Risk Manager (FRM) certification by the Global Association of Risk Professionals, USA.

Ms Geetika Gupta

Ms Geetika Gupta is Fund Manager – Portfolio Management Services & Alternative Investments Funds at ICICI Prudential AMC. She has over a decade of experience in investments, both in sell-side equity research and buy-side research. Prior to joining ICICI, she was Vice President at First Voyager Advisors for six years, where she was responsible for the fund’s investments in Indian equities. She began her career in 2007 at Lehman Brothers covering US Equities and later interned with Morgan Stanley, Singapore in the Investment Banking Division in 2010. She comes with deep understanding of the BFSI sector, as well as in B2C businesses in the consumer and technology space. She is an alumnus of IIT Delhi (B.Tech, Chemical Engineering) and IIM, Ahmedabad

FAQ

Frequently asked questions about ICICI Growth Leaders

What is the benchmark and inception date of ICICI Growth Leaders?

ICICI Growth Leaders was launched on 22 December 2000 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 Growth Leaders PMS strategy?

ICICI Growth Leaders is managed by Mr. Chockalingam Narayanan Mr. Chockalingam Narayanan has over 17 years of extensive experience in Fund Management, Investment Research and Market Analysis. He has been instrumental in analysing business fundamentals to derive relevant and actionable analysis that has portfolio growth. He is consistently relied upon for providing detailed analysis of the macro-economy, financial markets and ESG that serve as some of the key foundation pillars for the various investment strategies that he has worked with in his career. In his career, he has earlier worked with leading organisations like Baroda BNP Paribas Asset Management India Pvt Ltd, Deutsche Equities India Private Limited and Batlivala & Karani Securities. Academically, Mr Chockalingam Narayanan has a Post Graduate Diploma in Management from T A Pai Management Institute, Manipal and a Bachelor of Commerce from G.R.Damodaran College of Science. He has also passed the Financial Risk Manager (FRM) certification by the Global Association of Risk Professionals, USA..

What sectors does ICICI Growth Leaders invest in?

As of 30 September, 2026, the ICICI Growth Leaders portfolio is allocated primarily across Banks (15.28%), Retailing (16.57%), Ferrous Metals (10.91%), Constructions (7.17%), and Automobiles (7.6%), with the remaining 42.47% 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 Growth Leaders 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 Growth Leaders. The minimum investment amount is subject to change based on SEBI regulatory notifications.

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ICICI Growth Leaders

What is the ICICI Growth Leaders Strategy and how has it performed?