ICICI Prudential India Opportunities Fund Direct Growth

Equity
Direct
Equity - Other
ICICI Prudential India Opportunities Fund Direct Growth

About the Fund

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 ₹21037 Cr worth of assets under management (AUM) as on Jun 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 25.96% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 46.45%, 31.62% and 28.41% respectively.

Holdings

ICICI Prudential India Opportunities Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Defensive, Consumer Cyclical, Basic Materials, Communication, Tech, Utilities, Industrial, Energy. Its top holdings are HDFC Bank Ltd, Sun Pharmaceuticals Industries Ltd, ICICI Bank Ltd, Infosys Ltd, ITC 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.

Fund Performance
zero opening, trading, fund transfer fee
6624 people have invested ₹ 9.9Cr in ICICI Prudential India Opportunities Fund Direct Growth in the last three months

INDmoney Rank

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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.

Fund Overview

Expense ratio0.57%
Benchmark
IISL Nifty 500 TR INR
AUM₹21037 Cr
Inception Date16 January, 2019
Min Lumpsum/SIP₹5000/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
49.38%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 84.9%

  • Debt & Cash 15.1%

Large cap
63.5%
Mid cap
13.6%
Small cap
8.9%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
39.8%
Health
16.2%
Consumer Defensive
9.1%
Consumer Cyclical
8.7%
Basic Materials
6.1%
Communication
5.9%
Tech
4.6%
Utilities
3.5%
Industrial
3.4%
Energy
2.7%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

  • Debt & Cash

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
8.65%
0%
Sun Pharmaceuticals Industries Ltd
Sun Pharmaceuticals Industries Ltd
6.74%
-0.6%
ICICI Bank Ltd
ICICI Bank Ltd
5.92%
-4.7%
Infosys Ltd
Infosys Ltd
3.62%
-28.3%
ITC Ltd
ITC Ltd
3.32%
-6.5%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential India Opportunities Fund Direct Growth
ICICI Prudential India Opportunities Fund Direct Growth
46.4%
31.6%
28.4%
26%
Aditya Birla Sun Life PSU Equity Fund Direct Growth
Aditya Birla Sun Life PSU Equity Fund Direct Growth
87.1%
43%
-
34.6%
Invesco India PSU Equity Fund Direct Plan Growth
Invesco India PSU Equity Fund Direct Plan Growth
86.8%
41.2%
33.3%
19.3%
Nippon India Power & Infra Fund - Direct Plan - Growth
Nippon India Power & Infra Fund - Direct Plan - Growth
73%
38.7%
31.8%
17.8%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
20.3%
Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Ltd
16.7%

Sankaran Naren
Sankaran Naren
Fund Manager of ICICI Prudential India Opportunities Fund Direct Growth, since 16 January 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ICICI Prudential Multi-Asset Fund Direct Plan Growth
24.29%
--
ICICI Prudential Balanced Advantage Fund Direct Plan Growth
14.58%
12.79%
ICICI Prudential Value Discovery Fund Direct Plan Growth
27.63%
22.86%

Mutual Fund Insights

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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.33% return, outperforming this fund by 4.92% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 116.3% return, outperforming this fund by 69.86%.
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Over the last 6 months, this fund has experienced a 38.4% growth in AUM moving from 15.20K Cr to 21.03K Cr.
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Over the last 1 year, this fund has decreased expense ratio by 18.6% moving from 0.70 to 0.57.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.04% return, outperforming this fund by 11.42% per annum.
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This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.12%.

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 25.96% since inception which is more than its category average return of 24.94%
Fund Allocations

Fund Allocations

This fund has an allocation of 84.89% in Equity, 0% in Debt and 15.11% in Cash related instruments
AUM size ₹21037 Cr

AUM size ₹21037 Cr

This fund has AUM of ₹21037 Cr which is more than its category average of ₹ 2178 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.21%

Frequently Asked Questions

The current NAV of ICICI Prudential India Opportunities Fund Direct Growth is ₹36.15 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
ICICI Prudential India Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.64%
4.64%
6 Month Returns
21.24%
21.24%
1 Year Returns
46.45%
46.45%
3 Years Returns
128%
31.62%
5 Years Returns
249.18%
28.41%
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0.57% as on June 2024
₹21037 Cr as on June 2024
HDFC Bank Ltd(8.65%), Sun Pharmaceuticals Industries Ltd(6.74%), ICICI Bank Ltd(5.92%), Infosys Ltd(3.62%), ITC Ltd(3.32%) as on June 2024
Financial Services(33.83%), Health(13.77%), Consumer Defensive(7.72%) as on June 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
10.54
11.24
5.42
As on June 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
1.03
As on June 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
3.1
1.77
0.96
As on June 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
10.53
12.59
21.71
As on June 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 4.12 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.5 as on June 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%