The present invention relates to a cosmetic composition comprising: (a) at least one anionic surfactant (b) at least one hydrophobically-modified cationic polymer (c) at least one water-insoluble particle comprising at least an inorganic part and/or a polymeric part and/or a visible light absorbing part and (d) at least 40% by weight of water. The amount of the (b) hydrophobically-modified cationic polymer is preferably 0.005% by weight or more, more preferably 0.01% by weight or more, and even more preferably 0.05% by weight or more, relative to the total weight of the composition. The cosmetic composition according to the present invention can effectively deposit water-insoluble particles on the surface of various substrates such as skin and hair, and can deliver the benefits derived from the particles to the surface.