ICICI Prudential India Opportunities Fund Direct Growth

ICICI Prudential India Opportunities Fund Direct Growth

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Equity
Direct
Equity - Other
NAV: ₹ 32.09 as on 15-04-2024
Fund Performance
zero opening, trading, fund transfer fee
5777 people have invested ₹ 6.3Cr in ICICI Prudential India Opportunities Fund Direct Growth in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (equity - other). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.13%.
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In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 100.11% return, outperforming this fund by 47.71%.
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Over the last 6 months, this fund has experienced a 46.5% growth in AUM moving from 12.27K Cr to 17.99K Cr.
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In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 28.76% return, outperforming this fund by 4.6% per annum.
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In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 48.51% return, outperforming this fund by 13.42% per annum.
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Over the last 6 months, this fund has decreased expense ratio by 17.9% moving from 0.67 to 0.55.

INDmoney Rank of ICICI Prudential India Opportunities Fund Direct Growth

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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

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

ICICI Prudential India Opportunities Fund Direct Growth Overview

Expense ratio
Expense ratio
0.55%
Benchmark
Benchmark
IISL Nifty 500 TR INR
AUM
AUM
₹17992 Cr
Inception Date
Inception Date
16 January, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
49.38%

ICICI Prudential India Opportunities Fund Direct Growth Distribution as on (31-Mar-24)

  • Equity 88.9%

  • Debt & Cash 11.1%

Size breakup

Large cap
67.4%
Mid cap
12.6%
Small cap
9%
Sector Allocation

Mar'24

Feb'24

Jan'24

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

  • Debt & Cash

Equity Holdings66
Debt Holdings4

ICICI Prudential India Opportunities Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
2.88%
2.11%
2.61%
Nifty 500
-0.47%
1.58%
1.71%
  • 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
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 18K Cr
₹ 17.1K Cr
₹ 16.1K Cr
  • 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

ICICI Prudential India Opportunities Fund Direct Growth Fund Manager

Sankaran Naren
Sankaran Naren
Fund Manager of ICICI Prudential India Opportunities Fund Direct Growth, since 16 January 2019

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 24.93% since inception which is more than its category average return of 22.7%
Fund Allocations

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

AUM size ₹17992 Cr

This fund has AUM of ₹17992 Cr which is more than its category average of ₹ 1773 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% 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 ₹32.09 as on 15-Apr-2024.
Existing (Absolute + CAGR) as on 15-Apr-2024.
ICICI Prudential India Opportunities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.76%
2.76%
6 Month Returns
21.28%
21.28%
1 Year Returns
52.4%
52.4%
3 Years Returns
146.53%
35.09%
5 Years Returns
195.08%
24.16%
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0.55% 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
3.76
1.87
0.88
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%