ICICI Prudential Bharat Consumption Fund - Direct Plan - IDCW Option

ICICI Prudential Bharat Consumption Fund - Direct Plan - IDCW Option ranks among the stronger performers in the Thematic category, backed by a 5-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 96/100.

Cost: At 0.12%, the expense ratio is meaningfully cheaper — about 89% below the Thematic category average of 1.08% (based on 665 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.99 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 16.89% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.