Press Release
₹ 10 lakh invested in the Scheme at inception has grown to ₹37.76 lakh over 7 years as compared to ₹28.05 lakh in Nifty 500 TRI (benchmark)
Mumbai, January 12, 2026: ICICI Prudential India Opportunities Fund, an open-ended equity scheme following a special situations theme. The Scheme has completed seven years of delivering a sound investment experience. Launched in January 2019, the scheme aims to generate long-term capital appreciation by investing in companies undergoing special situations1 such as corporate restructuring, government policy or regulatory changes, sector-specific disruptions, and other unique but temporary challenges. The scheme follows a bottom-up stock selection approach and is market-cap and sector-agnostic2.
A lump sum investment of Rs 10 lakh at the time of inception (January 15, 2019), as of December 31, 2025, would be approximately worth Rs. 37.76 lakh, i.e. a CAGR of 21.02%. A similar investment in Scheme benchmark – Nifty 500 TRI – would have yielded Rs. 28.05 lakh i.e. a CAGR of 15.97%.
In terms of SIP performance, a monthly investment of Rs. 10,000 via SIP since the inception which would amount to a total investment of Rs 8.4 lakh would have grown to approximately Rs. 19.88 lakh as of December 31, 2025 i.e. a CAGR of 24.19%. A similar investment in the Scheme’s benchmark would have yielded a CAGR of 17.02%.
Past performance may or may not be sustained in future. *Inception date is 15 Jan 2019. **Scheme benchmark is Nifty 500 TRI. The performance of the scheme is benchmarked to the Total Return variant of the Index.
The Schemes investment philosophy is built around the idea that periods of uncertainty often create mispricing opportunities. These uncertainties may arise at the company, sector, or macro level, including economic slowdowns, regulatory actions, geopolitical events, or temporary business disruptions. The scheme seeks to invest in businesses where such challenges are expected to be transient and where the long-term fundamentals remain intact.
Speaking about the investment approach, Sankaran Naren, ED & CIO, ICICI Prudential AMC and Fund Manager of ICICI Prudential India Opportunities Fund said, “Special situations are unique opportunities that companies may face from time to time. These could be unexpected market dislocations, industry consolidation, regulatory change etc. The objective of investing in such companies is to turn such moments into opportunities for long term investors. When identified early, such opportunities may unlock considerable value in future.” He further added, “This style of investing requires rigorous research to understand both the structural potential and the embedded risk. Special situation investing over the long term may tend to generate sizable alpha. However, in the short run, the experience can be volatile.”
The scheme maintains a concentrated portfolio with high active share, focusing on select opportunities where the potential for recovery or re-rating is underappreciated by the market. As of December 31, 2025, the portfolio had a predominant exposure to large-cap stocks, with allocations across financials, IT, pharmaceuticals, construction, and other sectors, reflecting the scheme’s diversified yet opportunity-driven approach.
Systematic investing forms a key part of the scheme’s positioning. Given that special situations can emerge any point in time, the SIP route can enable investors to participate across market phases in a disciplined manner, potentially improving long-term investment outcomes.
ICICI Prudential India Opportunities Fund is suitable for investors seeking long-term wealth creation and who are comfortable with higher levels of volatility associated with equity investments focused on special situations.
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For more information, please contact:
Adil Bakhshi, Principal - PR & Corporate Communication
Email: pr@icicipruamc.com
Phone: 91-22-66470274
Disclaimers:
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential India Opportunities Fund.
2. The scheme is currently managed by Sankaran Naren, Roshan Chutkey & Divya Jain. Mr. Sankaran Naren has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 10 (10 are jointly managed).
Mr. Roshan Chutkey has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 5 (2 are jointly managed).
Ms. Divya Jain has been managing this fund since Aug 2025. Total Schemes managed by the Fund Manager is 2 (2 are jointly managed). Refer annexure from page no. 114 for performance of other schemes currently managed by Sankaran Naren, Roshan Chutkey & Divya Jain.
3. Date of inception: 15-Jan-19.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a non-business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period.
7. Additionally, Ms. Divya Jain has been appointed as the fund manager w.e.f August 1, 2025.
8. The above Returns are of Regular Plan.
Click here to view performance of other schemes managed by fund managers of the scheme.
The stock(s)/sector(s) mentioned do not constitute any recommendation, and ICICI Prudential Mutual Fund may or may not have any future position in these stock(s)/sector(s).
Riskometer:
Please note that the Risk-o-meter(s) specified above will be evaluated and updated on a monthly basis.
The above risk-o-meters are as on December 31, 2025. Please refer to https://www.icicipruamc.com/news-and-updates/all-news for more details.
Mutual Fund investments are subject to market risks; read all scheme-related documents carefully.
1 The list of above special situation is illustrative and not exhaustive
2 The Investment Strategy will be as per Scheme Information Document (SID)
