ICICI Prudential Global Advantage Fund (FOF) - Direct Plan - IDCW

ICICI Prudential Global Advantage Fund (FOF) - Direct Plan - IDCW holds up reasonably well within the FoF Domestic category, backed by a 4-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 75/100.

Cost: At 1.35%, the expense ratio runs 611% above the FoF Domestic category average of 0.19%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a strong Sharpe ratio of 1.67 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, annualised volatility of 14.5% 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 Other 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.