EquitySectoral/ ThematicDirectGrowthVery High

ICICI Prudential India Opportunities Fund

Q: What is the NAV of ICICI Prudential India Opportunities Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential India Opportunities Fund is ₹37.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential India Opportunities Fund delivered?

ICICI Prudential India Opportunities Fund has returned -3.55% over 1 year, +12.84% per year over 3 years, +15.13% per year over 5 years and +18.66% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund charges an expense ratio of 0.92% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund's largest holdings are HDFC Bank Ltd. (8.6%), ICICI Bank Ltd. (5.9%), Axis Bank Ltd. (5.2%), Infosys Ltd. (4.9%) and Life Insurance Corporation of India (4.3%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -40.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential India Opportunities Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is managed by Sankaran Naren, Roshan Chutkey and Divya Jain at ICICI Prudential.

Q: How is ICICI Prudential India Opportunities Fund taxed?

ICICI Prudential India Opportunities Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹37.80

+0.03% 1D

as of 05 Oct 2026

This is the Direct plan of ICICI Prudential India Opportunities Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-4.16%absolute

52-week rangePrev NAV ₹37.79

Latest ₹37.80

Low ₹36.5424th percentile of its 52-week rangeHigh ₹41.81

Scorecard

★★★★★5/5 vs 142 of 255 Sectoral/ Thematic peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +12.84% · ranks 76 of 142 Sectoral/ Thematic funds

RiskLow

Volatility 11.8% vs 15.7% category avg

CostLow

0.9% expense vs 1.3% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

5-year return (+15.13%) beats the Sectoral/ Thematic average (+12.01%)
Stronger risk-adjusted returns — Sharpe 0.54 vs 0.44 Sectoral/ Thematic average
Less volatile than its Sectoral/ Thematic peers (11.8% vs 15.7%)
Low expense ratio (0.92%) vs the Sectoral/ Thematic average of 1.27%
Consistent — positive in 100% of rolling 3-year windows

Concerns

Trails the Sectoral/ Thematic average on 1M/3M/6M/1Y — 1Y by 6.97pp
3-year return (+12.84%) trails the Sectoral/ Thematic average (+13.81%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.92%

Category 1.27%▼0.35%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

18.93

Category 28.70▼9.77

Excess return per unit of total volatility (rf = 6.5%)

0.54

Category 0.44▲0.10

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 12 months from allotment. Nil If the amount sought to be redeemed or switched out more than 12 months.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

16 Jan 2019

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.31%

Absolute return over the last 3 months (not annualized)

-5.43%

Absolute return over the last 6 months (not annualized)

+1.75%

Absolute return since 1 Jan of this year (not annualized)

-8.50%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-3.55%

3-year annualized return (CAGR)

+12.84%

5-year annualized return (CAGR)

+15.13%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+18.66%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

11.81%

Excess return per unit of total volatility (rf = 6.5%)

0.54

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.75

Largest peak-to-trough decline over full history

-40.13%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

3.03%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.80

How much of the fund's movement Nifty 500 TRI explains

93.6%

Excess return per unit of beta (market risk)

7.54

Active return over the benchmark per unit of tracking error

0.63

Annualized std dev of fund-minus-benchmark returns

4.55%

Fund's share of benchmark gains in up months (100 = matches index)

93.3%

Fund's share of benchmark losses in down months (lower is better)

74.3%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-5.31%	-4.47%	-0.84%
3M abs	-5.43%	-2.31%	-3.12%
6M abs	+1.75%	+12.11%	-10.36%
1Y CAGR	-3.55%	+3.42%	-6.97%
3Y CAGR	+12.84%	+13.81%	-0.97%
5Y CAGR	+15.13%	+12.01%	+3.12%

Category average across peers in Sectoral/ Thematic (up to 255 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 255 peers in Sectoral/ Thematic

1Y return

-3.55%

Beats 27.2% · rank #167

3Y return

+12.84%

Beats 46.8% · rank #76

5Y return

+15.13%

Beats 73.3% · rank #28

Sharpe

0.54

Beats 62.4% · rank #54

Sortino

0.75

Beats 63.8% · rank #52

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹8.18L

Absolute

+36.30%

XIRR

+12.73%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential India Opportunities Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-8.50%	-7.18%	-1.32%
2025	+14.05%	+7.94%	+6.11%
2024	+22.78%	+16.43%	+6.35%
2023	+37.72%	+27.43%	+10.29%
2022	+21.09%	+4.34%	+16.75%
2021	+51.33%	+31.59%	+19.74%
2020	+8.95%	+18.33%	-9.38%
2019part	+6.34%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

1,901

Expense ratio

0.92%

AUM

₹88.37Cr

Portfolio turnover

70%

Exit load

1 % of applicable Net Asset Value If the amount sought to be redeemed or switch out within 12 months from allotment. Nil If the amount sought to be redeemed or switched out more than 12 months.

P/E ratio

18.9

P/B ratio

3.6

Avg market cap

₹4,28,368Cr

P/E & P/B are portfolio-weighted harmonic means across 61 of 72 equity holdings (84% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


ICICI Prudential India Opportunities FundThis fund ICICI Prudential · Direct · Growth	★★★★★	-3.55%	+12.84%	+15.13%	18.93	0.92%	₹88.37Cr
Nippon India Taiwan Equity Fund Nippon India · Direct · Growth	★★★★☆	+128.11%	+63.78%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · Growth	★★★★☆	+20.18%	+36.05%	—	57.59	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · Growth	★★★★★	+25.57%	+29.81%	—	44.12	1.03%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Direct · Growth	★★★☆☆	+32.46%	+25.00%	+9.83%	26.07	1.21%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Direct · Growth	★★★☆☆	+30.50%	+24.42%	+12.14%	—	1.37%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap71.7%
Mid cap19.6%
Small cap8.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.48%
Cash & Equivalents2.83%
Debt0.69%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Large Cap Fund ICICI Prudential · Large Cap Fund	60.3%	★★★★★	1.01%	+9.67%
ICICI Prudential Value Fund ICICI Prudential · Value Fund	59.4%	★★★★☆	1.08%	+10.76%
ICICI Prudential Multi Asset Allocation Fund ICICI Prudential · Multi Asset Allocation	58.2% of 69% equity	★★★☆☆	0.85%	+13.14%
ICICI Prudential Conservative Hybrid Fund ICICI Prudential · Conservative Hybrid Fund	56.0% of 23% equity	★★★★★	1.04%	+8.57%
ICICI Prudential Dividend Yield Fund ICICI Prudential · Dividend Yield Fund	55.8%	★★★★★	0.76%	+13.65%
DSP Large Cap Fund DSP · Large Cap Fund	55.6%	★★★★☆	1.21%	+10.00%
ICICI Prudential Aggressive Hybrid Fund ICICI Prudential · Aggressive Hybrid Fund	54.4% of 74% equity	★★★★★	1.07%	+12.42%
Mirae Asset Large Cap Fund Mirae Asset · Large Cap Fund	53.7%	★★★☆☆	0.75%	+7.56%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.27% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.27%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-40.1%15 Apr 2019 → 23 Mar 2020
Fell over 11 months, back to the old high on 03 Dec 2020 — 8 months under water after the low.
-13.7%26 Sep 2024 → 04 Mar 2025
Fell over 5 months, back to the old high on 27 Jun 2025 — 4 months under water after the low.
-12.9%21 Apr 2022 → 20 Jun 2022
Fell over 2 months, back to the old high on 01 Aug 2022 — 42 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹88.37Cr

April - June 2026

-2%

since January - March 2026

+₹2.90Cr

est. net flow, last quarter

At or near its largest, ₹90.32Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

SNSankaran NarenManaging since 01 Jan 2019

Education

IIM Kolkata

Experience

Mr. Sankaran Naren is the Executive Director and Chief Investment Officer of our Company. He holds a bachelor’s degree in technology in mechanical engineering from the Indian Institute of Technology, Madras, and a post graduate diploma in management from the Indian Institute of Management, Calcutta. He has more than 25 years of experience in the financial services industry including, including, inter alia, investment banking, fund management, equity research, and stock broking operations. He is presently a member of committee on equity matters at AMFI. He has previously been associated with Refco - Sify Securities India Private Limited, HDFC Securities Limited, The Hongkong and Shanghai Banking Corporation Limited and Yoha Securities Limited He received the “CIO of the Year” award in the subcategory for India at the Asia Asset Management 2023 Best of the Best Awards.

Funds managed (10)

All schemes Sankaran Naren runs →

RCRoshan ChutkeyManaging since 01 Jan 2019

Role

Senior Fund Manager – MF Equity

Education

B.Tech (IIT Madras), MBA (IIM Lucknow), Masters in Finance (London Business School) and Chartered Financial Analyst (CFA) Charter holder

Experience

Mr. Roshan Chutkey has joined ICICI Prudential Asset Management Company Limited in February 2015. He has around 18 years of total experience. Past Experience: ~ Estee Advisors – Research – Indian F&O Universe - May, 2013 to January 2014. ~ Kuwait Financial Centre - Macroeconomic research, Fund of funds management - March 2008 to July, 2011. ~ Citibank - Risk Management, Cards business - May 2006 to February 2008. ~ JP Morgan Chase - Equity Research - January 2005 to May 2006.

Funds managed (4)

All schemes Roshan Chutkey runs →

DJDivya JainManaging since 01 Aug 2025

Role

Fund Manager – MF Equity

Education

Chartered Accountant and B.Com

Experience

Ms. Divya Jain has over 9 years of experience. She joined ICICI Prudential Asset Management Company Limited in April 2016. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Senior Investment Analyst -January 7, 2019 – till date. ~ ICICI Prudential Asset Management Company Limited - Deputy manager – Compliance and Legal - April 2016 – January 2019 ~ Ultratech Cements Ltd - Finance-MIS - February 2016 - March 2016.

Funds managed (2)

All schemes Divya Jain runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sankaran Naren Roshan Chutkey Divya Jain

Top holdings

HDFC Bank Ltd.ICICI Bank Ltd.Axis Bank Ltd.Infosys Ltd.Life Insurance Corporation of India Reliance Industries Ltd.Larsen & Toubro Ltd.Bharti Airtel Ltd.SBI Life Insurance Company Ltd.Tata Motors Ltd.Mahindra & Mahindra Ltd.Info Edge (India) Ltd.

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of ICICI Prudential India Opportunities Fund?

As of 05 Oct 2026, the NAV of ICICI Prudential India Opportunities Fund is ₹37.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential India Opportunities Fund delivered?

ICICI Prudential India Opportunities Fund has returned -3.55% over 1 year, +12.84% per year over 3 years, +15.13% per year over 5 years and +18.66% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund charges an expense ratio of 0.92% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund's largest holdings are HDFC Bank Ltd. (8.6%), ICICI Bank Ltd. (5.9%), Axis Bank Ltd. (5.2%), Infosys Ltd. (4.9%) and Life Insurance Corporation of India (4.3%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -40.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.54 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential India Opportunities Fund's 0.54 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential India Opportunities Fund?

ICICI Prudential India Opportunities Fund is managed by Sankaran Naren, Roshan Chutkey and Divya Jain at ICICI Prudential.

How is ICICI Prudential India Opportunities Fund taxed?

ICICI Prudential India Opportunities Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.