ICICI Pru Multicap mutual fund review: In portfolio reshaping mode

The mutual fund’s performance has suffered amid the transition and with consolidation still underway, it will need time to prove execution capabilities in its new avatar.

Synopsis

Last year, this mutual fund had to quickly realign a fifth of its portfolio to adhere to the revised asset allocation norms for multi-cap funds. Its earlier large-cap heavy stance has been toned down to accommodate 25% exposure to both mid-and small caps.