ICICI Prudential India Opportunities Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 02-12-2024
₹ 36.93
▲0.5%
1D
Inception Returns
24.7%
/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 ₹24143 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.6.
Returns
ICICI Prudential India Opportunities Fund Direct Growth has given a CAGR return of 24.70% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.32%, 27.59% and 28.45% respectively.
Holdings
ICICI Prudential India Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Basic Materials, Consumer Cyclical, Industrial, Consumer Defensive, Communication, Energy, Utilities, Tech. Its top holdings are HDFC Bank Ltd, Axis Bank Ltd, ICICI Bank Ltd, Sun Pharmaceuticals Industries Ltd, Maruti Suzuki India 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
Annualised
▲
▼
8316 people have invested ₹ 15.3Cr 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 | 0.63% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹24143 Cr |
| Inception Date | 16 January, 2019 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 49.38% |
| STCG | Redeeming 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 (02-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
60.6%
Mid cap
15.6%
Small cap
10.9%
Sector Allocation
Financial Services
43.9%
Health
13.3%
Basic Materials
8.8%
Consumer Cyclical
8%
Industrial
5.7%
Consumer Defensive
5%
Communication
4.8%
Energy
4.5%
Utilities
3.2%
Tech
2.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.17% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.35% in Oct'24
- AUM of the fund stands at 24.1K Cr as of Oct'24
- AUM decreased by 649.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Indian Energy Exchange Ltd's allocation increased from 0.21% to 0.99%
Maruti Suzuki India Ltd's allocation increased from 2.48% to 3.14%
Hindustan Unilever Ltd's allocation increased from 1.54% to 2.02%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 5.42 % to 5.23 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 4.17 % to 4.11 %
State Bank of India's allocation decreased from 2.99 % to 2.89 %
Mid Cap allocation has gone down from 16.8% to 15.6%
Large Cap allocation has gone down from 61.1% to 60.6%
Small Cap allocation has gone up from 9.9% to 10.9%
Cash allocation has gone up from 12.2% to 12.8%
Top 3 Sectors in October were Financial Services, Health & Basic Materials
Oct'24
Financial Services
44%
Health
13%
Basic Materials
9%
Sep'24
Financial Services
44%
Health
13%
Basic Materials
9%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Cartrade Tech Ltd | 26.1% |
 The Ramco Cements Ltd | 18% |
 HDFC Bank Ltd | 5.3% |
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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
₹8.35L Cr
as on 31-Oct-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
Over the last 3 months, this fund has increased expense ratio by 10.5% moving from 0.57 to 0.63.
Over the last 6 months, this fund has experienced a 26.6% growth in AUM moving from 19.07K Cr to 24.14K Cr.
This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.63% which is lower than the category average expense ratio of 1.14%.
In the last 3 years, SBI PSU Direct Growth has given 38.01% return, outperforming this fund by 10.42% per annum.
In the last 1 year, HDFC Defence Fund Direct Growth has given 65.52% return, outperforming this fund by 33.2%.
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 33.04% return, outperforming this fund by 4.58% per annum.
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 24.7% since inception which is more than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 87.16% in Equity, 0% in Debt and 12.84% in Cash related instruments
AUM size ₹24143 Cr
This fund has AUM of ₹24143 Cr which is more than its category average of ₹ 2225 Cr
Expense Ratio 0.63%
This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.2%
Frequently Asked Questions for ICICI Prudential India Opportunities Fund Direct Growth
The current NAV of ICICI Prudential India Opportunities Fund Direct Growth is ₹36.93 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
ICICI Prudential India Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.16% | 0.16% |
6 Month Returns | 12.73% | 12.73% |
1 Year Returns | 32.32% | 32.32% |
3 Years Returns | 107.71% | 27.59% |
5 Years Returns | 249.72% | 28.45% |
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0.63% as on November 2024
₹24143 Cr as on November 2024
HDFC Bank Ltd(9.62%), Axis Bank Ltd(5.23%), ICICI Bank Ltd(4.62%), Sun Pharmaceuticals Industries Ltd(4.11%), Maruti Suzuki India Ltd(3.14%) as on November 2024
Financial Services(38.28%), Health(11.6%), Basic Materials(7.65%) as on November 2024
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 | 7.07 | 11.06 | 7.42 |
As on November 2024
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 | 0.82 | 0.81 | 1.01 |
As on November 2024
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 | 2.01 | 1.6 | 1.04 |
As on November 2024
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 | 11.02 | 12.29 | 21.29 |
As on November 2024
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 3.3 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.82 as on November 2024. 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%