ICICI India Opportunities Fund

ICICI Prudential India Opportunities Fund is an open-ended equity mutual fund scheme. It is a special-situations fund formed to create wealth over the long term. It invests in situational market opportunities such as companies going through corporate restructuring or regulatory changes or any such similar change. Based on this objective, the Fund invests in a diversified stock portfolio comprising equity & equity related instruments of companies in such exceptional situations.

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The fund has 100% investment in Indian stocks, of which 70.15% is in large-cap stocks, 13.64% is in mid-cap stocks and 16.21% in small-cap stocks. The fund objective is to generate alpha by superior stock selection and remove market risks by hedging with appropriate indexes. For example, one may generate positive alpha by purchasing an IT stock and selling the Nifty IT Index future.

ICICI India Opportunities Fund is available in 4 categories:

  • Direct Growth
  • Direct IDCW
  • Regular Growth
  • Regular IDCW

The direct plan applies to those investors who purchase mutual fund units directly from the Fund. In contrast, the Regular plan is for investors who invest in mutual funds through the distributor network.

Investment Facts

Parameter

Details

Fund Name

ICICI Prudential Opportunities Funds (Regular & Direct)

Fund House

ICICI Prudential Mutual Fund

Launch Date

January 2019

Benchmark

Primary: NIFTY 500 TRI

Secondary: S&P BSE 500 TRI 

Type

Open-Ended

Minimum Investment

Rs 5,000/-

Minimum Additional Investment: Rs 1,000/-

Minimum SIP Investment: Rs 500/-

Minimum SWP Investment: Rs 1,000/-

Lock-in Period

None

Entry Load

Not applicable

Exit Load

● 1% will be charged for redemption within 12 months;

● No Exit Load after 12 months.

Return Performance

High

Fund Consistency

Average

Risk Level

Very High

Benefits of ICICI Prudential Opportunities Fund

Investment in ICICI Prudential Opportunities Fund provides myriad benefits to the investor over the long term listed below: 

Proven Track Record

The Fund House has a proven track record of 20+ years, with sufficient history of successful investing in various business cycles. Mr Sankaran Naren, who is the Chief Investment Officer, is associated with the Fund House for more than 15 years and has rich experience of over 30 years.

Diversification

ICICI Opportunities Fund’s allocation strategy mitigates the risk of losses by the diversification of its investments. Not only does it invest in multi-sector companies but also large-cap, mid-cap and small-cap companies. This helps in minimizing the risks in the overall investment portfolio.

Convenience

Investors would find it easy and convenient to invest in this Mutual Fund via SIPs or even lump sum investments. Investors also have the choice to liquidate investments in the event of a fund requirement. ICICI Prudential Mutual Funds' online portal makes it further easier for investors to invest in these funds or redeem them as per requirement.

Benchmark Performance

ICICI Opportunities Fund, although operational for a little over two years, has outperformed the benchmark in this period. The primary benchmark is the NIFTY 500 TRI, and the secondary benchmark is the S&P BSE 500 TRI.

Equity Asset Class Benefit

ICICI Opportunities Fund is an Equity Fund. The asset class of equity has a time tested track record of beating inflation and is known to perform better than the traditional asset classes such as gold and debt in beating inflation.

Wealth Creation Tool

The Fund is a useful investment tool to fulfil long term wealth creation goals. Being a special situations fund, one should not invest in this Fund for a period of fewer than five years. Special situation funds expect to provide high returns, albeit with a bit of volatility. A SIP would be an ideal method of investing in this Fund.

The Fund Summary 

ICICI India Opportunities Fund Direct Plan-Growth

  • Risk level-Very High
  • NAV-Rs 14.89 as of 20.05.2021
  • Expense Ratio-0.68%
  • Fund Started-15.01.2019

ICICI India Opportunities Fund Regular Plan-Growth

  • Risk level-Very High
  • NAV-Rs 14.34 as of 20.05.2021
  • Expense Ratio-1.92 %
  • Fund Started-15.01.2019

ICICI India Opportunities Fund Regular Plan IDCW

  • Risk level-Very High
  • NAV-Rs 13.63 as of 20.05.2021
  • Expense Ratio-1.92 %
  • Fund Started-15.01.2019

ICICI India Opportunities Fund Direct Plan IDCW

  • Risk level-Very High
  • NAV-Rs 14.18 as of 20.05.2021
  • Expense Ratio-0.68%
  • Fund Started-15.01.2019

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Fund Returns Summary

ICICI India Opportunities Fund Direct Plan Growth-Returns Summary

Period

Returns Per Year (Annualized)

6 Months

45.27%

1 year

82.92%

3 years

-

5 years

-

10-years

-

Since Inception

48.90%

ICICI India Opportunities Fund Regular Plan Growth-Returns Summary

Period

Returns Per Year(Annualized)

6 Months

44.27%

1 year

80.38%

3 years

-

5 years

-

10-years

-

Since Inception

43.40%

ICICI India Opportunities Fund Regular Plan IDCW- Returns Summary

Period

Returns Per Year(Annualized)

6 Months

37.12%

1 year

71.23%

3 years

-

5 years

-

10-years

-

Since Inception

36.30%

ICICI India Opportunities Fund Direct Plan IDCW- Returns Summary

Period

Returns Per Year(Annualized)

6 Months

38.34%

1 year

74.20%

3 years

-

5 years

-

10-years

-

Since Inception

41.80%

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Summative Pros and Cons Table

Pros

Cons

Lower Expense Ratio of 0.68% for direct plan

A special situations fund brings a high amount of risk and volatility. The scheme endeavours to follow concentrated exposure to certain with stocks high conviction.

High returns since inception for both Direct and Regular plans

2-year returns are lower than the benchmark, Nifty 500 TRI.

Since AUM is a little over Rs 3, 500 crore, there is scope for increased returns in the medium term.

 

The investing approach is a bottom-up stock-picking style because identifying companies in special situations require rigorous stock research.

 

Fund House Details

ICICI Prudential Opportunities Fund is housed under the Fund House, ICICI Prudential Mutual Fund, which is set up as a Trust, following the provisions of the Indian Trusts Act, 1882 under a Trust Deed dated August 25, 1993. ICICI Prudential Trust Limited is the Trustee of the Fund and is the exclusive owner of the Fund and holds the same in trust for the benefit of the unitholders. ICICI Prudential Asset Management Company Limited (“the AMC”) was registered with SEBI on October 13, 1993, to act as the Investment Manager to all the Schemes of ICICI Prudential Mutual Fund. The Trustee has executed an Investment Management Agreement dated September 3, 1993, with the AMC to operate as the Investment Manager for all the schemes of the Fund.

The Fund House is sponsored by ICICI Bank Limited and Prudential Plc. The Fund has a diversified product basket of over 68 schemes with active investors exceeding 60 lakhs across 300 locations in India. Each scheme is managed by fund managers, who in turn report to Mr Sankaran Naren as the Chief Investment Officer.

The promoter shareholders of the Fund House are:

ICICI Bank: 51% holdings

ICICI Bank is India’s largest private sector bank with total assets of Rs 12,304.33billion on March 31, 2021, and profit after tax of Rs 161.93 billion for the year ended March 31, 2021. ICICI Bank, as of March 31, 2021, had a branch network of 5,266 and 14,136 ATMs across India. ICICI Bank and its subsidiaries offer a wide array of banking and financial services, including retail banking, commercial banking, project finance, corporate finance, insurance, private equity, investment banking, broking and treasury services.

Prudential Plc: 49% holdings

Prudential Plc is an Asian company with a diverse marketing portfolio in growth markets. The business helps individuals to mitigate risk in their lives and handle their biggest financial burdens by way of life insurance, retirement and health insurance, and asset management solutions. With over 20 million customers, Prudential Plc has a vast customer base and is listed on all major stock exchanges in New York, Hong Kong, London, and Singapore.

Who Should Invest in ICICI Prudential Opportunities Fund?

The objective of the ICICI Prudential Opportunities Fund is to provide long term wealth creation for their investors. Their investment product is best suited for investors who seek:

Long-term Wealth Creation

The fund is a special situations fund formed to generate long-term capital growth. It takes advantage of unique opportunities in the market, such as companies going through unique temporary challenges, corporate restructuring, Government policy and/or regulatory changes and other similar instances. With this objective, the Fund invests in a diversified portfolio consisting of equity & equity related instruments of companies in such special situations. Equity funds, in general, are suited for long-term wealth creation and hence need to be invested in for a period above five years. Investors are advised to seek an opinion from their financial advisers before investing in such a fund to judge compatibility with their risk appetite.

Aggressive Investment Strategy

The fund falls in the high-risk category and would be prone to fluctuations in NAV movements in the short to medium term. Hence, it is suited for investors who prefer an aggressive equity investment style. It is suggested to exercise caution while opting for investment in such type of special situations equity funds. One should be ready to face volatility in the investment value during the investment period.

Conclusion

ICICI Prudential India Opportunities Fund, being a special situations fund, has the potential to outperform and create alpha for its investors. Special situations such as corporate restructuring, Government policy and/or regulatory changes provide mispriced opportunities in some businesses. The Fund is recommended for an investor who has high-risk tolerance and is seeking long term wealth creation through mispriced opportunities.

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“The investment risk in the investment portfolio is borne by the policyholder.”

 “Tax benefit is subject to changes in tax laws. Standard T&C apply.”

Disclaimer: Current Portfolio Allocation is based on the prevailing market conditions and is subject to changes depending on the fund manager’s view of the equity markets.

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