ICICI Prudential India Opportunities Fund Direct Growth

ICICI Prudential India Opportunities Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 06-12-2024

₹ 37.51

0.1%

1D

Inception Returns

25%

/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

  1. 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.
  2. The fund has an expense ratio 0.6.

Returns

ICICI Prudential India Opportunities Fund Direct Growth has given a CAGR return of 24.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.57%, 29.21% and 29.27% 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
8483 people have invested ₹ 14.9Cr in ICICI Prudential India Opportunities Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential India Opportunities Fund Direct Growth

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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3Y returns in the top 25% of the category
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Larger AUM within category
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No bad points found for this fund.

ICICI Prudential India Opportunities Fund Direct Growth Overview

Expense ratio0.63%
Benchmark
IISL Nifty 500 TR INR
AUM₹24143 Cr
Inception Date16 January, 2019
Min Lumpsum/SIP₹5000/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
49.38%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
ICICI Prudential India Opportunities Fund Direct Growth
Nifty 500
equity - other
1M
0.8%
2.9%
-
3M
-1.4%
-0.7%
-
6M
12.2%
7.1%
-
1Y
31.6%
24.6%
-
3Y
29.2%
15.6%
-
5Y
29.3%
19.2%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 87.2%

  • Debt & Cash 12.8%

Large cap
60.6%

Mid cap
15.6%

Small cap
10.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

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
Oct'24
Sep'24
Aug'24
Fund Returns
-5.17%
2.37%
2.98%
Nifty 500
-6.52%
2.04%
0.97%
  • 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
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 24.1K Cr
₹ 24.8K Cr
₹ 23.8K Cr
  • 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%
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%
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%
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 %
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 %
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 %
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%
Mid Cap allocation has gone down from 16.8% to 15.6%
Large Cap allocation has gone down from 61.1% to 60.6%
Large Cap allocation has gone down from 61.1% to 60.6%
Small Cap allocation has gone up from 9.9% to 10.9%
Small Cap allocation has gone up from 9.9% to 10.9%
Cash allocation has gone up from 12.2% to 12.8%
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%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
74
77
73
Top 5 Company Concentration
26.7%
26.4%
26.9%
Company having highest exposure
HDFC Bank Ltd (9.6%)
HDFC Bank Ltd (9.4%)
HDFC Bank Ltd (9.2%)
No of Sectors
10
10
11
Top 5 Sectors Concentration
79.7%
79.2%
82.2%
Sector having highest exposure
Financial Services (43.9%)
Financial Services (43.9%)
Financial Services (41.4%)
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Sankaran Naren
Sankaran Naren
Fund Manager of ICICI Prudential India Opportunities Fund Direct Growth, since 16 January 2019
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

Insights icon
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 34.59% return, outperforming this fund by 5.32% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 59.71% return, outperforming this fund by 28.14%.
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Over the last 6 months, this fund has experienced a 26.6% growth in AUM moving from 19.07K Cr to 24.14K Cr.
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Over the last 3 months, this fund has increased expense ratio by 10.5% moving from 0.57 to 0.63.
Insights icon
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%.
Insights icon
In the last 3 years, SBI PSU Direct Growth has given 40.04% return, outperforming this fund by 10.83% per annum.

ICICI Prudential India Opportunities Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 24.98% since inception which is more than its category average return of 19.56%
Fund Allocations

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

AUM size ₹24143 Cr

This fund has AUM of ₹24143 Cr which is more than its category average of ₹ 2182 Cr
Expense Ratio 0.63%

Expense Ratio 0.63%

This fund has an expense ratio of 0.63% which is less than its category average expense ratio of 1.17%

Frequently Asked Questions for ICICI Prudential India Opportunities Fund Direct Growth

The current NAV of ICICI Prudential India Opportunities Fund Direct Growth is ₹37.51 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ICICI Prudential India Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.75%
0.75%
6 Month Returns
12.17%
12.17%
1 Year Returns
31.57%
31.57%
3 Years Returns
115.7%
29.21%
5 Years Returns
261.02%
29.27%
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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%