ICICI Prudential India Opportunities Fund
Direct · GrowthAI Summary
ICICI Prudential India Opportunities Fund has delivered strong SIP XIRR of 25.35% over 3Y and 26.81% over 5Y, well ahead of the category averages of 16.30% and 17.48% respectively. Against the NIFTY 50, the fund has generated consistent alpha of 7.71% over 3Y and 10.13% over 5Y, with lump-sum CAGR of 12.77% and 15.09% versus the benchmark's 4.78% and 4.58%. However, the 1Y XIRR of 14.64% and 2026 calendar return of -7.61% indicate recent softness.
The fund shows a favorable risk profile with a beta of 0.80-0.91 and downside capture of 74.53-85.11% versus the NIFTY 50, meaning it has historically fallen less than the market in downturns. Calmar ratios of 0.68 over 3Y and 5Y indicate solid risk-adjusted returns, though the 7Y Calmar of 0.53 is weaker. Five drawdown events exceeding 10% and a lengthy 343-day maximum drawdown duration with 255 days to recovery highlight that meaningful drawdowns have occurred.
The portfolio holds 70 stocks with the top 10 accounting for roughly 43.5% of NAV, led by HDFC Bank (8.56%), ICICI Bank (5.87%) and Axis Bank (5.16%). Sector concentration is notable in financials, with Banks at 22.5% and Insurance at 12.7%, together representing over a third of the portfolio. IT-Software (6.2%), Pharma (6.1%) and Retailing (5.6%) provide some diversification beyond financials.
The fund outperforms the Sectoral/Thematic category average SIP XIRR across all listed horizons, beating the 1Y category average of 10.71% with its 14.64% and the 7Y average of 16.63% with 22.58%. Calendar year returns show strong consistency, including 50.55% in 2021, 36.70% in 2023 and 22.70% in 2024, though 2026 is negative at -7.61%. Its persistent alpha versus the NIFTY 50 across 1Y to 15Y windows underscores sustained outperformance versus the broad market.
This fund suits investors with a high risk tolerance and a horizon of at least 5-7 years, given its thematic mandate, financial-sector concentration and history of double-digit drawdowns. It works well as a satellite or diversifier holding rather than a core large-cap substitute, since its beta of 0.80-0.91 and sector tilts create a return pattern distinct from the NIFTY 50. Investors should be comfortable with periods of underperformance such as the current -7.61% calendar-year return in 2026.
- SIP XIRR of 25.35% (3Y) and 26.81% (5Y) significantly exceeds category averages of 16.30% and 17.48%
- Consistent alpha versus NIFTY 50 across all horizons, including 10.13% over 5Y and 11.58% over 7Y
- Low downside capture (74.53% over 5Y) with beta of 0.80, cushioning losses in market downturns
- Heavy financial-sector exposure with Banks (22.5%) and Insurance (12.7%) comprising over 35% of the portfolio
- Recent weakness with a -7.61% calendar-year return in 2026 and five historical drawdowns exceeding 10%, the longest lasting 343 days
Generated on 17-10-2026, 2:14 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 | ₹13.03 L | 25.5% | -61.3% | 122.2% |
| 3 Years | ₹36.00 L | ₹53.86 L | 27.1% | 2.4% | 40.1% |
| 5 Years | ₹60.00 L | ₹1.17 Cr | 26.9% | 12.2% | 38.1% |
| 7 Years | ₹84.00 L | ₹1.82 Cr | 22.8% | 18.6% | 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 | 25.5% | 14.3% | 10.7% | +11.3% |
| 3 Years | 27.1% | 11.0% | 16.3% | +16.0% |
| 5 Years | 26.9% | 10.4% | 17.5% | +16.5% |
| 7 Years | 22.8% | 10.6% | 16.6% | +12.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 24.8% | 18.1% | -37.1% | 112.8% | 0.69 | 2.46 | 88% | — | — |
| 3 Years | 27.4% | 26.2% | 12.3% | 45.9% | 3.12 | — | 100% | — | — |
| 5 Years | 27.5% | 27.7% | 14.9% | 39.8% | 4.02 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +5.43 | 0.90 | 92.1% | 84.5% | -2.5% | -9.5% |
| 3 Years | +7.67 | 0.84 | 89.7% | 79.1% | 13.3% | 5.5% |
| 5 Years | +10.05 | 0.80 | 87.6% | 74.5% | 15.0% | 4.6% |
| 7 Years | +11.61 | 0.85 | 90.9% | 78.6% | 21.6% | 10.6% |
| 10 Years | +6.84 | 0.86 | 91.9% | 81.7% | 14.5% | 7.8% |
| 12 Years | +5.45 | 0.86 | 91.9% | 81.7% | 11.9% | 6.5% |
| 15 Years | +4.09 | 0.86 | 91.9% | 81.7% | 9.4% | 5.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. | 8.56% |
| 2 | ICICI Bank Ltd. | 5.87% |
| 3 | Axis Bank Ltd. | 5.16% |
| 4 | Infosys Ltd. | 4.89% |
| 5 | Life Insurance Corporation of India | 4.25% |
| 6 | Reliance Industries Ltd. | 3.53% |
| 7 | Larsen & Toubro Ltd. | 2.95% |
| 8 | Bharti Airtel Ltd. | 2.88% |
| 9 | SBI Life Insurance Company Ltd. | 2.79% |
| 10 | Tata Motors Ltd. | 2.59% |