ICICI Prudential India Opportunities Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 31.94 as on 18-04-2024
Fund Performance
5753 people have invested ₹ 6.4Cr in ICICI Prudential India Opportunities Fund Direct Growth in the last three months
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 22.2% moving from 0.72 to 0.56.
In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 98.65% return, outperforming this fund by 47.9%.
Over the last 6 months, this fund has experienced a 46.5% growth in AUM moving from 12.27K Cr to 17.99K Cr.
This fund has one of the lowest expense ratio in the category (equity - other). Its expense ratio is 0.56% which is lower than the category average expense ratio of 1.13%.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 28.35% return, outperforming this fund by 4.77% per annum.
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 46.45% return, outperforming this fund by 13.87% per annum.
INDmoney Rank of ICICI Prudential India Opportunities Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Larger AUM within category
Cons
No bad points found for this fund.
About the 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 ₹17992 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.6.
ICICI Prudential India Opportunities Fund Direct Growth Overview
 | 0.56% |
 Benchmark | IISL Nifty 500 TR INR |
 | ₹17992 Cr |
 | 16 January, 2019 |
 | ₹5000/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 49.38% |
ICICI Prudential India Opportunities Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
67.4%
Mid cap
12.6%
Small cap
9%
Sector Allocation
Financial Services
36.2%
Health
10.9%
Consumer Defensive
10.4%
Basic Materials
9.2%
Consumer Cyclical
8.1%
Communication
7.7%
Tech
5.6%
Energy
4.3%
Industrial
3.8%
Utilities
3.8%
Top Holdings of ICICI Prudential India Opportunities Fund Direct Growth as on (31-Mar-24)
Equity Holdings66
Debt Holdings4
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.69% | 0% | |
 ICICI Bank Ltd | 6.62% | 0% | |
 Infosys Ltd | 4.96% | 66.3% | |
 Bharti Airtel Ltd | 4.59% | -21.7% | |
 ITC Ltd | 4.18% | 100% |
See all
ICICI Prudential India Opportunities Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.88% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 3.34% in Mar'24
AUM Change
- AUM of the fund stands at 18K Cr as of Mar'24
- AUM increased by 940.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential India Opportunities Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Muthoot Finance Ltd | 23.5% |
 Avenue Supermarts Ltd | 20.1% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Hindustan Unilever Ltd | -3.5% |
 Cartrade Tech Ltd | 10% |
Peer Analysis
ICICI Prudential India Opportunities Fund Direct Growth Fund Manager
Sankaran Naren
Fund Manager of ICICI Prudential India Opportunities Fund Direct Growth, since 16 January 2019
Top funds managed
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 24.61% since inception which is more than its category average return of 22.12%
Fund Allocations
This fund has an allocation of 88.95% in Equity, 0% in Debt and 11.05% in Cash related instruments
AUM size ₹17992 Cr
This fund has AUM of ₹17992 Cr which is more than its category average of ₹ 1777 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of ICICI Prudential India Opportunities Fund Direct Growth is ₹31.94 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
ICICI Prudential India Opportunities Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.96% | 2.96% |
6 Month Returns | 19.93% | 19.93% |
1 Year Returns | 50.75% | 50.75% |
3 Years Returns | 133.04% | 32.58% |
5 Years Returns | 188.21% | 23.58% |
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0.56% as on March 2024
₹17992 Cr as on March 2024
HDFC Bank Ltd(8.69%), ICICI Bank Ltd(6.62%), Infosys Ltd(4.96%), Bharti Airtel Ltd(4.59%), ITC Ltd(4.18%) as on March 2024
Financial Services(32.23%), Health(9.72%), Consumer Defensive(9.29%) as on March 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 | 13.86 | 13.13 | 5.82 |
As on March 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 | 0.83 | 0.84 | 1.03 |
As on March 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 | 3.75 | 1.87 | 0.87 |
As on March 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 | 9.89 | 13.03 | 21.67 |
As on March 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 4.51 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.92 as on March 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%