ICICI Prudential Contra Fund
- NAV as on 19 Oct 2026
- ₹9.97-0.40%1 day
- Return since launch
- -0.4%
- 52-week range
- ₹9.97 — ₹10.01
- AUM
- ₹964 Cr
ICICI Prudential Contra Fund is a Value & Contra equity fund from ICICI Prudential Mutual Fund with ₹964 Cr under management, launched in 2026. The expense ratio is 0.00% and the SEBI riskometer reading is Very High.
Performance
ICICI Prudential Contra Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.4% against -0.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (28 Sep 2026): -0.4%
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.00%
Expense ratio
Charged yearly and already deducted from the NAV.
- Exit load
- Exit load of 1%, if redeemed within 1 month.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
ICICI Prudential Contra Fund portfolio
What the fund owns, and how much of it.
Asset allocation
- Equity100.2%
Market cap split
- Large18.1%
- Mid81.0%
- Small1.0%
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,870 Cr | 2.44% | 4.0% | 7.6% | 12.8% |
 HDFC Value Fund | ₹8,039 Cr | 1.88% | 0.0% | 6.1% | 11.9% |
 DSP Value Fund | ₹2,225 Cr | 2.40% | -1.9% | 7.2% | 12.2% |
 Quant Value Fund | ₹1,917 Cr | 2.44% | 5.9% | 7.0% | — |
 Axis Value Fund | ₹1,836 Cr | 2.26% | 1.4% | 7.0% | 13.9% |
 LIC MF Value Fund | ₹336 Cr | 3.22% | 14.3% | 10.5% | 13.3% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation by investing in Equity & Equity related instruments following contrarian investment strategy.
Fund managers
- Dharmesh KakkadMr. kakkad is B.com., CA & CFA.He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.
- Gaurav ChikaneMr. Chikane is a B.E. (IT) and MBA (Finance)Prior to joining the ICICI Prudential Mutual Fund, he has an experience of 6.5 years of trading in commodities.
- Sakshat GoelPGDM from S.P. Jain Institute of Management & Research and B.E. from P.E.S. Institute of Technology.Prior to joining the ICICI Prudential AMC, he was associated with Futures First.
- Sankaran NarenMr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
No return history published for this fund yet.
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.