ICICI Prudential India Opportunities Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 10-02-2025
₹ 35.9
1D
Inception Returns
23.5%
/yr
About ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth is an equity fund. This fund was started on 16 January, 2019. The fund is managed by Sankaran Naren. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential India Opportunities Fund Direct Growth has ₹24552 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
ICICI Prudential India Opportunities Fund Direct Growth has given a CAGR return of 23.51% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.06%, 24.41% and 27.35% respectively.
Holdings
ICICI Prudential India Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Cyclical, Basic Materials, Communication, Industrial, Consumer Defensive, Energy, Tech, Utilities. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, Sun Pharmaceuticals Industries Ltd, Bharti Airtel Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ICICI Prudential India Opportunities Fund Direct Growth
To generate long-term capital appreciation by investing in opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances. However there can be no assurance or guarantee that the investment objective of the scheme would be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential India Opportunities Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
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8038 people have invested ₹ 10Cr in ICICI Prudential India Opportunities Fund Direct Growth in the last three months
INDmoney Rank for ICICI Prudential India Opportunities Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
ICICI Prudential India Opportunities Fund Direct Growth Overview
| Expense ratio | 0.69% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹24552 Cr |
| Inception Date | 16 January, 2019 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 49.38% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (10-Feb-25)
Fund Distribution
as on (30-Nov-24)
Large cap
66.4%
Mid cap
15.9%
Small cap
11.4%
Sector Allocation
Financial Services
41.3%
Health
12.4%
Consumer Cyclical
10.5%
Basic Materials
10.4%
Industrial
5.8%
Communication
5%
Consumer Defensive
4.9%
Energy
4.7%
Utilities
2.6%
Tech
2.6%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.30% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 0.30% in Nov'24
- AUM of the fund stands at 24.6K Cr as of Dec'24
- AUM increased by 409.4 Cr between Dec'24 and Nov'24
Top Stocks bought last month
Axis Bank Ltd's allocation increased from 5.23% to 6.47%
Shree Cement Ltd's allocation increased from 0.68% to 1.53%
IndusInd Bank Ltd's allocation increased from 2.57% to 3.14%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 9.62 % to 8.15 %
ICICI Bank Ltd's allocation decreased from 4.62 % to 4.53 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 4.11 % to 3.85 %
Top 3 Sectors in December were Financial Services, Health & Consumer Cyclical
Dec'24
Financial Services
41%
Health
12%
Consumer Cyclical
10%
Nov'24
Financial Services
41%
Health
12%
Consumer Cyclical
10%
See all
Top Growth Drivers | 1M Return |
|---|---|
 UPL Ltd | 18.9% |
 Maruti Suzuki India Ltd | 10.4% |
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Sankaran Naren
Fund Manager of ICICI Prudential India Opportunities Fund Direct Growth, since 16 January 2019
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.23L Cr
as on 29-Nov-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 31.38% return, outperforming this fund by 4.02% per annum.
This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.69% which is lower than the category average expense ratio of 1.17%.
In the last 1 year, Franklin India Opportunities Fund - Direct - Growth has given 23.75% return, outperforming this fund by 5.69%.
In the last 3 years, SBI PSU Direct Growth has given 30.58% return, outperforming this fund by 6.16% per annum.
Over the last 6 months, this fund has experienced a 16.7% growth in AUM moving from 21.03K Cr to 24.55K Cr.
Over the last 1 month, this fund has increased expense ratio by 21.1% moving from 0.57 to 0.69.
ICICI Prudential India Opportunities Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.51% since inception which is more than its category average return of 11.58%
Fund Allocations
This fund has an allocation of 91.07% in Equity, 0% in Debt and 8.93% in Cash related instruments
AUM size ₹24552 Cr
This fund has AUM of ₹24552 Cr which is more than its category average of ₹ 2288 Cr
Expense Ratio 0.69%
This fund has an expense ratio of 0.69% which is less than its category average expense ratio of 1.24%
Frequently Asked Questions for ICICI Prudential India Opportunities Fund Direct Growth
The current NAV of ICICI Prudential India Opportunities Fund Direct Growth is ₹35.9 as on 10-Feb-2025.
Existing (Absolute + CAGR) as on 10-Feb-2025.
ICICI Prudential India Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.63% | -0.63% |
6 Month Returns | -0.41% | -0.41% |
1 Year Returns | 18.06% | 18.06% |
3 Years Returns | 92.57% | 24.41% |
5 Years Returns | 235% | 27.35% |
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0.69% as on January 2025
₹24552 Cr as on January 2025
HDFC Bank Ltd(8.12%), Axis Bank Ltd(6.66%), ICICI Bank Ltd(4.51%), Sun Pharmaceuticals Industries Ltd(3.8%), Bharti Airtel Ltd(3.76%) as on January 2025
Financial Services(36.9%), Health(10.92%), Consumer Cyclical(10.28%) as on January 2025
The alpha ratio for the ICICI Prudential India Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential India Opportunities Fund Direct Growth | 8.01 | 9.47 | 8.18 |
As on January 2025
The alpha for ICICI Prudential India Opportunities Fund Direct Growth is calculated against IISL Nifty 500 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential India Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential India Opportunities Fund Direct Growth | 0.85 | 0.83 | 1.01 |
As on January 2025
The Beta for ICICI Prudential India Opportunities Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential India Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential India Opportunities Fund Direct Growth | 0.99 | 1.33 | 1.02 |
As on January 2025
The sharpe ratio for ICICI Prudential India Opportunities Fund Direct Growth is calculated with IISL Nifty 500 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential India Opportunities Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential India Opportunities Fund Direct Growth | 11.06 | 12.27 | 21.33 |
As on January 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.65 as on January 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.01 as on January 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
Sankaran Naren is the fund manager of ICICI Prudential India Opportunities Fund Direct Growth
The Exit load of ICICI Prudential India Opportunities Fund Direct Growth is 1%