ICICI Prudential India Opportunities Fund
ICICI Prudential Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI
The fund has maintained a heavily financials-skewed posture while building exposure to cyclical recovery plays, signaling conviction in India's infrastructure and consumption revival. The nine new entries spanning metals, power, and automobiles suggest the manager is rotating toward undervalued cyclicals, though banking's outsized 17.5% concentration leaves limited room for sector rotation. Recent exits from REC and ITC indicate a deliberate shift away from defensive utility and FMCG narratives in favor of higher-beta growth.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹20.4500 | -1.54% | -15.46% | -15.64% | -9.07% | +7.85% | +8.53% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
86
Top 5 Weight
24.45%
Top 10 Weight
40.02%
Active Share
—
Large Cap
66.03%
Gini
0.558
What Changed2026-03-31 → 2026-04-30
Holdings: 85 → 89+9 added−5 removed34 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Hyundai Motor India Ltd. | 0.33% |
| Vedanta Aluminium Metal Ltd. | 0.16% |
| Vedanta Iron And Steel Ltd. | 0.16% |
| Malco Energy Ltd. | 0.16% |
| Talwandi Sabo Power Ltd. | 0.16% |
| 182 Days Treasury Bills | 0.45% |
| 364 Days Treasury Bills | 0.17% |
| 91 Days Treasury Bills | 0.12% |
| 364 Days Treasury Bills | 0.04% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | TREPS | 6.26% |
| 2 | Infosys Ltd. INE009A01021 | 5.44% |
| 3 | ICICI Bank Ltd. INE090A01021 | 5.42% |
| 4 | HDFC Bank Ltd. INE040A01034 | 5.30% |
| 5 | Axis Bank Ltd. INE238A01034 | 4.66% |
| 6 | Reliance Industries Ltd. INE002A01018 | 3.63% |
| 7 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 3.42% |
| 8 | Larsen & Toubro Ltd. INE018A01030 | 3.22% |
| 9 | Bharti Airtel Ltd. INE397D01024 | 3.19% |
| 10 | SBI Life Insurance Company Ltd. INE123W01016 | 3.04% |
| 11 | HDFC Life Insurance Company Ltd. INE795G01014 | 2.70% |
| 12 | Mahindra & Mahindra Ltd. INE101A01026 | 2.49% |
| 13 | NTPC Ltd. INE733E01010 | 2.41% |
| 14 | Tata Motors Ltd. INE1TAE01010 | 2.39% |
| 15 | Hindustan Unilever Ltd. INE030A01027 | 2.13% |
| 16 | Tata Motors Passenger Vehicles Ltd. INE155A01022 | 1.91% |
| 17 | ICICI Lombard General Insurance Company Ltd. INE765G01017 | 1.85% |
| 18 | Britannia Industries Ltd. INE216A01030 | 1.79% |
| 19 | Info Edge (India) Ltd. INE663F01032 | 1.78% |
| 20 | Interglobe Aviation Ltd. INE646L01027 | 1.69% |
Sector Allocation
Banks17.6%
It - Software9.4%
Insurance8.6%
Pharmaceuticals & Biotechnology7.7%
Retailing5.4%
Automobiles5.1%
Telecom - Services4.7%
Construction4.6%
Petroleum Products3.6%
Power2.7%
Top 10 sectors by % to NAV. Excludes derivatives.