ICICI Prudential India Opportunities Fund
Direct · GrowthAI Summary
ICICI Prudential India Opportunities Fund has delivered strong SIP XIRR of 27.81% over 3Y and 27.65% over 5Y, well ahead of the category averages of 16.82% and 16.95% respectively. Against the NIFTY 50, the fund shows consistent alpha across all periods, including 12.36% over 5Y and 11.68% over 7Y, with lump-sum CAGRs of 19.93% and 22.7% versus the benchmark's 7.83% and 11.81%. Recent 1Y XIRR of 26.25% also comfortably exceeds the category average of 14.1%.
The fund exhibits a defensive risk profile with a beta of 0.81-0.91 across periods and downside capture of 73-85%, meaning it falls less than the benchmark in weak markets. The maximum drawdown of just -0.40% with a 343-day duration and 255-day recovery indicates shallow but prolonged drawdown episodes, and there have been 5 drawdown events exceeding 10%. Calmar ratios of 0.70 over 5Y and 0.52 over 7Y reflect reasonable risk-adjusted returns, though the 7Y figure suggests weaker efficiency in longer windows.
The portfolio holds 71 stocks with the top 10 accounting for roughly 41.6% of NAV, led by HDFC Bank (8.28%) and ICICI Bank (5.8%). Sector concentration is notable in financials, with Banks at 23.2% and Insurance at 9.1%, followed by IT-Software at 6.2%. The diversified holding base of 71 stocks mitigates single-stock risk, but the heavy financial sector tilt remains a key exposure driver.
The fund significantly outperforms its Sectoral/Thematic category peers, with 3Y and 5Y SIP XIRR exceeding category averages by roughly 10-11 percentage points. Calendar year returns show strong consistency, including 50.55% in 2021, 36.7% in 2023, and 22.7% in 2024, though 2026 has started negative at -2.7%. This sustained outperformance across multiple time horizons indicates skilled stock selection rather than a single-cycle fluke.
This fund suits investors with a high risk tolerance seeking aggressive equity exposure, given its sectoral/thematic classification and concentrated financial sector positioning. A minimum horizon of 5-7 years is advisable to ride out drawdown periods, as evidenced by the 343-day maximum drawdown duration. It should be treated as a satellite holding within a diversified portfolio rather than a core large-cap replacement, despite its broad 71-stock spread.
- Exceptional SIP XIRR outperformance versus category: 27.81% over 3Y and 27.65% over 5Y against category averages of 16.82% and 16.95%
- Consistent alpha against NIFTY 50 across all measured periods, peaking at 12.36% over 5Y, with downside capture as low as 73.22%
- Low beta of 0.81-0.91 with strong downside protection, limiting losses in weak markets while capturing 88-94% of upside
- Heavy sector concentration in financials, with Banks (23.2%) and Insurance (9.1%) together forming over 32% of the portfolio
- Prolonged drawdown recovery profile, with the maximum drawdown lasting 343 days and taking 255 days to recover, plus 5 drawdown events exceeding 10%
Generated on 01-09-2026, 2:49 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹13.05 L | 26.3% | -61.3% | 122.2% |
| 3 Years | ₹36.00 L | ₹54.18 L | 27.8% | 7.5% | 40.1% |
| 5 Years | ₹60.00 L | ₹1.18 Cr | 27.7% | 15.6% | 38.1% |
| 7 Years | ₹84.00 L | ₹1.85 Cr | 23.3% | 21.1% | 26.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 26.3% | 14.4% | 14.1% | +11.8% |
| 3 Years | 27.8% | 11.1% | 16.8% | +16.7% |
| 5 Years | 27.7% | 10.4% | 16.9% | +17.2% |
| 7 Years | 23.3% | 10.6% | 16.5% | +12.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 25.4% | 19.0% | -37.1% | 112.8% | 0.72 | 2.54 | 90% | — | — |
| 3 Years | 27.9% | 26.7% | 16.5% | 45.9% | 3.38 | — | 100% | — | — |
| 5 Years | 28.1% | 28.0% | 19.1% | 39.8% | 4.61 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +6.16 | 0.91 | 93.6% | 84.9% | 4.1% | -2.9% |
| 3 Years | +9.52 | 0.83 | 91.1% | 78.4% | 17.1% | 7.8% |
| 5 Years | +12.36 | 0.81 | 88.6% | 73.2% | 19.9% | 7.8% |
| 7 Years | +11.68 | 0.85 | 91.8% | 79.6% | 22.7% | 11.8% |
| 10 Years | +6.87 | 0.86 | 92.0% | 81.6% | 14.9% | 8.3% |
| 12 Years | +5.47 | 0.86 | 92.0% | 81.6% | 12.3% | 6.8% |
| 15 Years | +4.11 | 0.86 | 92.0% | 81.6% | 9.7% | 5.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. | 8.28% |
| 2 | ICICI Bank Ltd. | 5.80% |
| 3 | Infosys Ltd. | 4.88% |
| 4 | Axis Bank Ltd. | 4.77% |
| 5 | Reliance Industries Ltd. | 3.62% |
| 6 | Bharti Airtel Ltd. | 3.24% |
| 7 | SBI Life Insurance Company Ltd. | 3.01% |
| 8 | Larsen & Toubro Ltd. | 2.98% |
| 9 | Mahindra & Mahindra Ltd. | 2.58% |
| 10 | HDFC Life Insurance Company Ltd. | 2.48% |