ICICI PRU India Opportunities Fund: Money tripled in five years, this mutual fund beats the benchmark by a huge margin

Mutual funds are considered the best option to take advantage of the boom in the stock market. Investing through mutual funds carries less risk as compared to direct exposure and also sometimes gives better returns than the benchmark. This is the reason why mutual funds are becoming the preferred means of investment for people.

Today we are going to tell you about one such mutual fund, which has outperformed the benchmark while making its investors rich. Left behind by a huge margin. This is the story of ICICI Prudential India Opportunities Fund, which has almost tripled its investors’ money in the last five years. It has also succeeded in giving better returns than the benchmark.

Started five years ago

This mutual fund was started about five years ago. Its track record in these five years has been excellent. If an investor had invested Rs 10 lakh in this mutual fund in its beginning i.e. on 15 January 2019, then after 5 years i.e. on 15 January 2024, the value of his investment would have increased to Rs 28 lakh. This shows that the fund has given returns to its investors at a CAGR of 22.9 percent in the last five years. In comparison, the CAGR of benchmark Nifty 500 TRI during the last five years has been 19 percent.

Returns in 1 year and 3 years

ICICI Prudential India Opportunities Fund has Apart from this, it has left the benchmark behind in the 3 year and one year period also. Over the last one year, the benchmark has gained 30.6 per cent, while the fund’s return has been 38.1 per cent. Talking about the period of 3 years, the fund has given a CAGR of 37.7 percent, whereas the CAGR of the benchmark has been 19.8 percent.

SIP made rich

ICICI is also in the case of SIP. Prudential India Opportunities Fund has made excellent earnings. If an investor had done SIP of Rs 10-10 thousand every month from the beginning of the fund, then the value of his total investment would have increased to Rs 12.58 lakh by January 31, 2024. This is more than double the total investment of Rs 6 lakh made during this period and has an impressive CAGR of 30.13 percent.

This is how the fund works

ICICI Prudential India Opportunities Fund is an equity oriented offering based on the theme of special situations. This fund tries to take advantage of the opportunity by investing in companies going through special circumstances. The CIOs of the fund house are Shankaran Naren and Roshan Chutke, who have made many successful sectoral calls in the last 5 years.

Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.

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