Should I invest in ICICI Prudential MIP-Cumulative?

We don't give personal investment advice. ICICI Prudential MIP-Cumulative is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 8.3%. 5-year CAGR: 9.10%.

ICICI Prudential

ICICI Prudential MIP-Cumulative

Latest NAV

₹48.1366

As of

25 May 2018

2,929 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.34%	-3.05%	+3.39	6 / 796	Q1
1W	+0.25%	-3.63%	+3.88	27 / 666	Q1
2W	-0.36%	-3.63%	+3.27	594 / 651	Q4
1M	+0.77%	-3.45%	+4.22	36 / 645	Q1
3M	+2.22%	-2.59%	+4.81	33 / 637	Q1
6M	+1.86%	-1.24%	+3.10	434 / 623	Q3
YTD	+1.81%	-1.35%	+3.16	357 / 618	Q3
1Y	+5.53%	+1.96%	+3.57	355 / 590	Q3
2Y	+9.32%	+2.60%	+6.72	30 / 556	Q1
3Y	+7.61%	+2.95%	+4.66	308 / 551	Q3
4Y	+9.50%	+7.92%	+1.58	3 / 95	Q1
5Y	+9.10%	+7.58%	+1.52	4 / 30	Q1
7Y	+9.29%	+7.57%	+1.72	2 / 9	Q1
10Y	+8.80%	+6.98%	+1.83	1 / 3	Q2
Inception	+8.56%	+4.26%	+4.30	115 / 796	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2018 YTD	+1.81%	+5.25%	-3.45	144 / 156
2017	+7.25%	+5.65%	+1.60	55 / 217
2016	+10.70%	+7.49%	+3.21	4 / 202
2015	+4.80%	+6.75%	-1.95	154 / 185
2014	+20.94%	+12.50%	+8.44	13 / 82
2013	+5.02%	+5.14%	-0.12	12 / 20
2012	+13.41%	+10.52%	+2.89	1 / 4
2011	+1.83%	+6.01%	-4.18	4 / 4
2010	+7.33%	+5.48%	+1.85	1 / 4
2009	+12.17%	+6.50%	+5.67	1 / 3
2008	-1.74%	+4.36%	-6.11	3 / 3

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+8.93%

136 windows

min -8.1% · max 25.0%

96% positive

3-Year rolling

+9.04%

112 windows

min 4.8% · max 13.3%

100% positive

5-Year rolling

+8.89%

88 windows

min 6.6% · max 11.0%

100% positive

7-Year rolling

+8.92%

63 windows

min 6.8% · max 11.3%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

4.53%

3-year · annualised

Sharpe ratio

0.20

vs risk-free 6.5%

Sortino ratio

0.41

Downside-only deviation

Max drawdown

-4.42%

Oct 2015 → Feb 2016

% positive months

75.0%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Medium to Long Duration Fund

Scheme	Fund house	NAV	As of
HDFC FMP 1269D March 2023 - Growth Option	HDFC	₹12.4260	3 Jun 2026
Nippon India Fixed Maturity Plan XLI - Series 8 - Growth Option	Nippon India	₹17.0046	3 Jun 2026
ICICI Prudential Fixed Maturity Plan - Series 85 - 10 Years Plan I - Cumulative Option	ICICI Prudential	₹17.4336	3 Jun 2026
Franklin India Medium to Long Duration Fund - Growth	Franklin India	₹10.9122	3 Jun 2026

Recent NAVs

Date	NAV
25 May 2018	₹48.1366
24 May 2018	₹47.9733
23 May 2018	₹48.0110
22 May 2018	₹48.0508
21 May 2018	₹47.9631
18 May 2018	₹48.0143
17 May 2018	₹48.0398
16 May 2018	₹48.1426
15 May 2018	₹48.2202
14 May 2018	₹48.3083

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 25 May 2018, the NAV of ICICI Prudential MIP-Cumulative is ₹48.1366. It's a Medium to Long Duration Fund from ICICI Prudential, run as a Unknown plan Growth option. NAVs update once per business day from the AMFI feed.

ICICI Prudential MIP-Cumulative has NAV history starting from 02 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

ICICI Prudential MIP-Cumulative is managed by ICICI Prudential. It's classified by AMFI under the 'Medium to Long Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, ICICI Prudential MIP-Cumulative has delivered a absolute return of 5.53% — +3.57 pp ahead of the Medium to Long Duration Fund category average of 1.96%. The fund ranks #355 of 590 in its category — the third (Q3) quartile.

Over the trailing 3-year window, ICICI Prudential MIP-Cumulative has delivered a CAGR of 7.61% — +4.66 pp ahead of the Medium to Long Duration Fund category average of 2.95%. The fund ranks #308 of 551 in its category — the third (Q3) quartile.

Over the trailing 5-year window, ICICI Prudential MIP-Cumulative has delivered a CAGR of 9.10% — +1.52 pp ahead of the Medium to Long Duration Fund category average of 7.58%. The fund ranks #4 of 30 in its category — the top (Q1) quartile.

₹1 lakh invested in ICICI Prudential MIP-Cumulative exactly 10 years ago would be worth approximately ₹232,516 today — a multiplier of 2.33×, based on the 10-year CAGR of 8.80%. The category average over the same window would have grown ₹1 lakh to ₹196,284.

A ₹10,000 monthly SIP in ICICI Prudential MIP-Cumulative over the last 5 years — total invested ₹600,000 — would be worth ₹750,283 today. That's an XIRR (money-weighted annualised return) of 8.87%.

A ₹10,000 monthly SIP for 10 years in ICICI Prudential MIP-Cumulative = ₹1,200,000 invested. It would currently be worth ₹1,928,238 (multiplier 1.61×). XIRR: 9.17%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, ICICI Prudential MIP-Cumulative ranks #4 out of 30 funds in the Medium to Long Duration Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 7.58%; this fund delivered 9.10%.

The worst peak-to-trough decline ICICI Prudential MIP-Cumulative has experienced over the last 5-year window is 8.30% — its NAV fell from a high on 28 May 2013 to a low on 19 Aug 2013. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, ICICI Prudential MIP-Cumulative averaged 8.89% (best 10.98%, worst 6.60%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.51 — reasonable risk-adjusted performance.

In calendar year 2017, ICICI Prudential MIP-Cumulative returned 7.25% — beating the Medium to Long Duration Fund category average of 5.65% by 1.60 pp. It ranked #55 of 217 in its category that year.

ICICI Prudential MIP-Cumulative is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. ICICI Prudential MIP-Cumulative is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 8.3%. 5-year CAGR: 9.10%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

ICICI Prudential MIP-Cumulative

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Medium to Long Duration Fund

Recent NAVs

Frequently asked questions

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