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ICICI Prudential India Opportunities Fund

Equity OpportunitiesVery HighOPEN-ENDED
Invest Now
NAV as on 25 Sep 2026
₹35.22+0.31%1 day
Return since launch
17.8%
52-week range
₹33.33 — ₹38.22
AUM
₹38,338 Cr

ICICI Prudential India Opportunities Fund is a Equity Opportunities equity fund from ICICI Prudential Mutual Fund with ₹38,338 Cr under management, launched in 2018. Over three years it has returned 4.7% a year, against 13.4% for its category. The expense ratio is 1.70% and the SEBI riskometer reading is Very High.

Performance

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-6.0%−11.9 pts5.9%1.3%
2Y-0.1%−5.6 pts5.5%1.0%
3Y4.7%−8.7 pts13.4%3.4%
5Y13.1%−0.2 pts13.4%9.7%
7Y18.8%+0.1 pts18.7%12.9%

Fund against category

1Y
Fund-6.0%
Category5.9%
3Y
Fund4.7%
Category13.4%
5Y
Fund13.1%
Category13.4%

Since launch (26 Dec 2018): 17.8%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
202513.0%+9.8 pts3.2%
202421.3%−2.0 pts23.3%
202336.2%+0.9 pts35.3%
202219.5%+9.9 pts9.7%
202149.3%+12.3 pts37.0%
20207.3%−4.1 pts11.4%

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

1.74%

Expense ratio as on 22 Sep 2026

Charged yearly and already deducted from the NAV.

Base expense
1.31%
Brokerage
0.05%
Transaction charges
0.00%
Statutory levies
0.38%
Exit load
Exit load of 1% if redeemed within 1 year.
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.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha3.815.08Return earned above what the benchmark alone would have given. Higher is better.
Beta0.801.04How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.740.73Return earned for each unit of total risk taken. Higher is better.
Sortino0.940.97Return earned for each unit of downside risk. Higher is better.
Std. deviation12.6716.98How widely monthly returns have varied around their own average. Lower is steadier.
Average of 5 category peers

Portfolio

ICICI Prudential India Opportunities Fund portfolio

Portfolio as of 31 Aug 2026

Asset allocation

  • Equity96.5%
  • Debt0.7%
  • Other2.8%

Market cap split

  • Large73.0%
  • Mid17.3%
  • Small9.7%
P/E
17.64
P/B
2.91

Top holdings

HoldingSectorWeightValue3M chg6M chg1Y chg
HDFC Bank Ltd.Financial8.56%₹3,283 Cr+6.73%+5.17%+4.27%
ICICI Bank Ltd.Financial6.34%₹2,431 Cr+0.86%+11.97%+6.86%
Axis Bank Ltd.Financial5.16%₹1,979 Cr+4.88%+4.25%+6.91%
Infosys Ltd.Technology4.89%₹1,876 Cr+6.00%+5.64%+6.77%
Life Insurance Corporation of IndiaInsurance4.25%₹1,628 Cr+0.94%——
Reliance Industries Ltd.Energy3.53%₹1,355 Cr+3.57%+3.87%+5.18%
Larsen & Toubro Ltd.Construction2.95%₹1,131 Cr+3.24%+3.44%+4.35%
Bharti Airtel Ltd.Communication2.88%₹1,104 Cr+3.06%+1.37%+2.65%
OthersOthers2.79%₹1,071 Cr+1.78%+2.07%+0.65%
SBI Life Insurance Company Ltd.Insurance2.79%₹1,068 Cr+2.65%+3.41%+2.57%

Sectors

  • Financial25.0%
  • Insurance12.7%
  • Services9.7%
  • Technology8.2%
  • Automobile7.7%
  • Energy7.5%
  • Healthcare6.1%
  • Communication3.9%

Instruments

  • Repo3.9%
  • Treasury Bills0.7%
  • Cash Margin0.1%

Recent changes

HoldingFromToWeight
Axis Bank Ltd.0.12%5.16%+5.04%
Life Insurance Corporation of India0.51%4.25%+3.74%
ICICI Lombard General Insurance Company Ltd.0.04%2.44%+2.40%
Dr. Reddy's Laboratories Ltd.0.62%2.36%+1.75%
PI Industries Ltd.1.45%0.03%-1.42%
State Bank of India1.66%0.34%-1.32%
SBI Cards And Payment Services Ltd.1.31%0.01%-1.31%
Bajaj Finserv Ltd.1.23%0.25%-0.98%
Swiggy Ltd.0.80%0.01%-0.79%
Gland Pharma Ltd.1.57%1.01%-0.56%
Avenue Supermarts Ltd.0.53%0.01%-0.52%
company:56190.00%0.50%+0.50%
company:5140.00%0.47%+0.47%
company:16430.00%0.40%+0.40%
Bharti Airtel Ltd.3.24%2.88%-0.36%
Gujarat Energy Ltd.0.37%0.01%-0.35%
HDFC Bank Ltd.8.28%8.56%+0.28%
company:171040.00%0.27%+0.27%
Britannia Industries Ltd.1.79%2.04%+0.25%
SBI Life Insurance Company Ltd.3.01%2.79%-0.23%
Interglobe Aviation Ltd.1.54%1.77%+0.22%
Kotak Mahindra Bank Ltd.2.23%2.02%-0.21%
Vedanta Ltd.0.19%0.00%-0.19%
Tata Motors Ltd.2.40%2.59%+0.19%
Aurobindo Pharma Ltd.0.18%0.00%-0.18%
Info Edge (India) Ltd.2.32%2.48%+0.16%
Reserve Bank of India0.12%0.26%+0.14%
Maruti Suzuki India Ltd.0.33%0.21%-0.13%
TBO Tek Ltd.0.85%0.95%+0.11%
Tata Communications Ltd.0.92%1.02%+0.10%
Cyient Ltd.0.09%0.00%-0.09%
Mahindra & Mahindra Ltd.2.58%2.49%-0.09%
Reliance Industries Ltd.3.62%3.53%-0.09%
Titan Company Ltd.0.42%0.34%-0.09%
Hindustan Aeronautics Ltd.0.82%0.74%-0.08%
Aditya Birla Lifestyle Brands Ltd.0.53%0.61%+0.08%
Shree Cement Ltd.0.60%0.53%-0.07%
NTPC Ltd.1.78%1.72%-0.06%
Kalpataru Projects International Ltd.0.70%0.76%+0.06%
Tata Motors Passenger Vehicles Ltd.1.31%1.25%-0.06%
Indian Energy Exchange Ltd.0.63%0.58%-0.06%
Brainbees Solutions Ltd.0.41%0.36%-0.05%
Vedanta Power Ltd0.05%0.00%-0.05%
Vedanta Aluminium Metal Ltd.1.03%0.98%-0.04%
Cohance Lifesciences Ltd.0.26%0.22%-0.04%
Trent Ltd.0.89%0.85%-0.04%
Aarti Industries Ltd.0.52%0.55%+0.04%
Oil And Natural Gas Corporation Ltd.0.81%0.77%-0.04%
Hindustan Unilever Ltd.1.87%1.84%-0.03%
KEC International Ltd.0.28%0.25%-0.03%
AIA Engineering Ltd.0.14%0.11%-0.03%
Ultratech Cement Ltd.0.78%0.75%-0.03%
Cipla Ltd.0.65%0.62%-0.03%
Larsen & Toubro Ltd.2.98%2.95%-0.03%
KPIT Technologies Ltd.1.13%1.11%-0.03%
Eternal Ltd.0.31%0.33%+0.03%
Oil India Ltd.0.49%0.52%+0.03%
HDFC Life Insurance Co Ltd.2.48%2.45%-0.03%
Tata Chemicals Ltd.0.39%0.37%-0.02%
Sona BLW Precision Forgings Ltd.0.70%0.72%+0.02%
Tata Consultancy Services Ltd.0.99%1.00%+0.01%
Chemplast Sanmar Ltd.0.13%0.12%-0.01%
Mphasis Ltd.0.34%0.35%+0.01%
Apollo Tyres Ltd.0.48%0.49%+0.01%
Infosys Ltd.4.88%4.89%+0.01%
CIE Automotive India Ltd.0.24%0.23%-0.01%
LIC Housing Finance Ltd.0.34%0.35%+0.01%
PVR Inox Ltd.0.14%0.15%+0.01%
UPL Ltd.1.23%1.22%-0.01%
Bajaj Electricals Ltd.0.01%0.00%-0.01%
ICICI Bank Ltd.0.46%0.47%+0.01%
Sun Pharmaceutical Industries Ltd.1.89%1.88%-0.01%
Affle 3I Ltd.0.88%0.89%+0.01%
Redtape Ltd.0.07%0.06%0.00%
Indusind Bank Ltd.-0.50%-0.49%0.00%
Chambal Fertilisers and Chemicals Ltd.0.27%0.27%0.00%
ICICI Prudential Life Insurance Company Ltd.0.81%0.81%0.00%
Medplus Health Services Ltd.0.00%0.00%0.00%
Others0.09%0.09%0.00%
GSPL Transmission Ltd.0.07%0.07%0.00%

Compare

Similar funds

The rest of the category, so this fund’s numbers have something to sit against.

FundAUMExpense1Y3Y5Y
Category average₹3,420 Cr2.23%8.1%9.7%15.9%
Franklin India Opportunities Fund₹9,717 Cr2.08%6.6%9.5%18.4%
Kotak Business Cycle Fund₹3,509 Cr2.05%10.7%10.6%—
Mahindra Manulife Business Cycle Fund₹1,364 Cr2.41%2.0%7.3%—
Aditya Birla Sun Life Special Opportunities Fund₹1,279 Cr2.30%13.8%13.8%15.8%
HSBC Business Cycles Fund₹1,229 Cr2.31%7.5%7.3%13.6%

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 opportunities presented by special situations such as corporate restructuring, Government policy and/or regulatory changes, companies going through temporary unique challenges and other similar instances.

Fund managers

  • Roshan ChutkeyRoshan Chutkey did his engineering from IIT Madras, MBA from IIM Lucknow and has a Masters in Finance degree from London Business School.He is associated with ICICI Prudential AMC from February 2015 and has 12 years of overall experience in the industry.
  • 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.
Scheme information document

Tools

Return calculator

What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.

₹
Over the pastTotal investmentWould’ve becomeGrowthReturns
6 months3.28% absolute₹60,000₹61,9683.28%
1 year−0.76% annualised₹1,20,000₹1,19,507−0.41%
3 years12.52% annualised₹3,60,000₹4,38,74921.87%
5 years15.63% annualised₹6,00,000₹9,12,89052.15%

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.

What is the NAV of ICICI Prudential India Opportunities Fund?
The NAV of ICICI Prudential India Opportunities Fund is ₹35.22 as on 25 Sep 2026.
What is the expense ratio of ICICI Prudential India Opportunities Fund?
The expense ratio of ICICI Prudential India Opportunities Fund is 1.70% per year.
What is the minimum SIP amount for ICICI Prudential India Opportunities Fund?
You can start a SIP in ICICI Prudential India Opportunities Fund with ₹3,000 a month.
What returns has ICICI Prudential India Opportunities Fund given?
ICICI Prudential India Opportunities Fund has returned -6.0% over 1 year, 4.7% over 3 years and 13.1% over 5 years (annualised).
Is there a lock-in or exit load on ICICI Prudential India Opportunities Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year..
How risky is ICICI Prudential India Opportunities Fund?
ICICI Prudential India Opportunities Fund is rated Very High on the SEBI riskometer and belongs to the Equity Opportunities category.
Which fund house manages ICICI Prudential India Opportunities Fund?
ICICI Prudential India Opportunities Fund is managed by ICICI Prudential Mutual Fund, which runs 109 schemes with ₹11,76,218 Cr under management.