ICICI Prudential Mutual Fund is the second-largest asset management company in India. With over Rs 3 Lakh crore, the AMC is one of the most trusted names in the mutual fund space. The AMF offers products across asset classes.
Let us talk about the flagship product – ICICI Prudential India Opportunities Fund
ICICI Prudential India Opportunities Fund
Investment objective
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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved
Investment process
The Scheme’s style of investing is a bottom-up stock-picking style because the core of its investment strategy is identifying companies in special situations which require rigorous 360-degree stock research.
The scheme would endeavor to take concentrated exposure to high-conviction stocks.
Portfolio composition
The equity exposure is majorly in large-cap stocks at 69% and major sectoral exposure is to Pharmaceuticals & Biotechnology and Banks. The top 5 sectors hold nearly 51% of the portfolio.
Source: ICICI Pru
Top 5 Holdings
| Name | Sector | Weightage % |
| Oil & Natural Gas Corporation Ltd. | Petroleum Refineries | 7.88 |
| Bharti Airtel Ltd. | Telecom Services | 6.81 |
| Sun Pharmaceuticals Industries Ltd. | Pharmaceuticals | 6.67 |
| NTPC Ltd. | Energy Conglomerate | 6.58 |
| State Bank of India Ltd. | Bank | 4.95 |
Source: ICICI Pru
Performance over 3 years
If you would have invested 10,000 at the inception of ICICI Prudential India Opportunities Fund, it would be now valued at Rs 20,370. This fund has outperformed the benchmark in all time horizons.
Source: icicipruamc.com
The ICICI Prudential India Opportunities Fund has given consistent returns and has outperformed the benchmark over the period of 3 years generating a CAGR (Compounded Annual Growth Rate) of 19.90%.
Fund manager
Mr. Sankaran Naren is a fund manager and CIO at ICICI Prudential, where he manages Indian equity portfolios. He has worked with various financial services companies, including Refco Sify Securities India and HDFC Securities. Mr. Sankaren has an MBA from the Indian Institute of Management, Kolkata.
Mr. Roshan Chutkey: With an overall experience of 12 years, he has been associated with JP Morgan Chase, Citibank, and Kuwait Financial Centre. He holds an engineering degree from IIT Madras, MBA from IIM Lucknow, and holds a Masters in Finance degree from London Business School.
Who should invest?
For investors
- Who has an appetite for volatility?
- Looking to benefit from taking concentrated stock bets.
Why invest?
- This scheme benefits from investment opportunities provided by special situations such as corporate restructuring, Government policy and/or regulatory changes, etc.
- Any investor ready to have this risk appetite can invest.
Horizon
- One should look at investing for a minimum of 5 years or more
- Investment through a Systematic Investment Plan (SIP) may help in tackling the volatility of the broader equity market.
Conclusion
The ICICI Prudential India Opportunities Fund is good for investors who want to generate long-term capital appreciation by having a very high-risk appetite.
This scheme can help investors with an appetite for volatility with good portfolio returns
