EquityContra FundRegularGrowthVery High

ICICI Prudential Contra Fund

Q: What is the NAV of ICICI Prudential Contra Fund?

As of 19 Oct 2026, the NAV of ICICI Prudential Contra Fund is ₹9.97 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Contra Fund delivered?

ICICI Prudential Contra Fund has returned -0.40% 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 Contra Fund?

ICICI Prudential Contra Fund charges an expense ratio of 2.15% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is ICICI Prudential Contra Fund?

ICICI Prudential Contra Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages ICICI Prudential Contra Fund?

ICICI Prudential Contra Fund is managed by Sankaran Naren, Gaurav Chikane, Dharmesh Kakkad and Sakshat Goel at ICICI Prudential.

Q: How is ICICI Prudential Contra Fund taxed?

ICICI Prudential Contra 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 Contra Mutual Funds

NAV

₹9.97

-0.40% 1D

as of 19 Oct 2026

This is the Regular plan of ICICI Prudential Contra Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-0.40%absolute

52-week rangePrev NAV ₹10.01

Latest ₹9.97

Low ₹9.970th percentile of its 52-week rangeHigh ₹10.01

Scorecard

Not rated

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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

No 3-year record to rank on yet

Risk—

Volatility not available yet

CostLow

2.1% expense vs 2.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

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

Strengths

Low expense ratio (2.15%) vs the Contra Fund average of 2.66%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.15%

Direct 0.98% · Regular 2.15%

Category 2.66%▼0.51%

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

—

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Regular · Growth

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

None

Exit Load

—

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Benchmark

—

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 Oct 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

-0.40%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

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

—

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

—

Largest peak-to-trough decline over full history

-0.40%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

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

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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

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

History points

Expense ratio

2.15%

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 · Contra Fund

Compare all


ICICI Prudential Contra FundThis fund ICICI Prudential · Regular · Growth	—	—	—	—	—	2.15%	—
Invesco India Contra Fund Invesco · Regular · Growth	★★★★☆ CAT	-6.74%	+12.08%	+9.88%	—	1.85%	₹20,132Cr
Kotak Contra Fund Kotak Mahindra · Regular · Growth	★★★☆☆ CAT	-6.45%	+11.85%	+10.73%	—	2.03%	₹5,353Cr
SBI Contra Fund SBI · Regular · Growth	★★★☆☆ CAT	-5.91%	+8.81%	+12.21%	—	1.61%	₹47,465Cr
Bandhan Contra Fund Bandhan · Regular · Growth	—	—	—	—	—	3.94%	₹635.49Cr
Motilal Oswal Contra Fund Motilal Oswal · Regular · Growth	—	—	—	—	—	3.85%	₹386.11Cr

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

₹11,55,871Cr+3.7% QoQ

Avg AUM · July - September 2026

Website

icicipruamc.com

Fund Managers

SNSankaran NarenStart date not disclosed

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 (11)

All schemes Sankaran Naren runs →

GCGaurav ChikaneStart date not disclosed

Role

Senior Manager – Dealing

Total experience

Over 10 years

Education

B.E. (IT), MBA (Finance) Since this is a new scheme, of the fund manager for this Scheme is not available.

Experience

appointed as the in the Department Company July 1, is currently a ICICI Prudential Gold ETF Exchange Traded Inditrade Business Limited – Limited – Accenture Services – IT

Funds managed (6)

All schemes Gaurav Chikane runs →

DKDharmesh KakkadStart date not disclosed

Role

Senior Fund Manager - MF Equity

Total experience

Over 15 years

Education

Chartered Financial Analyst (CFA), Chartered Accountant and M.Com

Experience

Mr. Dharmesh Kakkad is a Senior Fund Manager and is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Investments function, he was working in the Operations Department of the AMC. ICICI Prudential Global Advantage Fund (FOF)

Funds managed (4)

All schemes Dharmesh Kakkad runs →

SGSakshat GoelStart date not disclosed

Role

Investment Analyst

Education

PGDM from S.P. Jain Institute of Management & Research and B.E. from P.E.S. Institute of Technology

Experience

Mr. Sakshat Goel was appointed as an Investment Analyst in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f May 3, 2022. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Management Trainee – May 3, 2021 to May 2, 2022. ~ Futures First – Market Analyst – August 28, 2017 to October 31, 2018

All schemes Sakshat Goel runs →

Fund manager, benchmark and dealing terms from 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 Gaurav Chikane Dharmesh Kakkad

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.

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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 Contra funds

Contra funds take contrarian bets — buying out-of-favour stocks or sectors the market has written off, wagering on a turnaround. The approach can be early and needs time to play out.

Frequently asked questions

What is the NAV of ICICI Prudential Contra Fund?

As of 19 Oct 2026, the NAV of ICICI Prudential Contra Fund is ₹9.97 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Contra Fund delivered?

ICICI Prudential Contra Fund has returned -0.40% 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 Contra Fund?

ICICI Prudential Contra Fund charges an expense ratio of 2.15% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is ICICI Prudential Contra Fund?

ICICI Prudential Contra Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 0.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages ICICI Prudential Contra Fund?

ICICI Prudential Contra Fund is managed by Sankaran Naren, Gaurav Chikane, Dharmesh Kakkad and Sakshat Goel at ICICI Prudential.

How is ICICI Prudential Contra Fund taxed?

ICICI Prudential Contra 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.