Mutual Fund: Are you thinking of investing in mutual funds? If yes.. then you can keep an eye on ICICI Prudential India Opportunities Fund. As the name suggests, it is a special situation fund. That is, when companies go through all the crisis temporarily, then at that time this fund does its work. It identifies companies that are in particular situations.
Return of 42.5% in a year
The fund has given strong returns of 42.5% to its investors in the last year. Let us tell you that this is a special situation fund, which is giving good returns to the investors as compared to its benchmark. This fund was launched in January 2019 and currently this fund is included in the category of best funds.
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As per the data, this fund has outperformed mostly in the diversified equities category. It has given good returns in every category. Be it large cap, mid cap or midcap and flexicap. If an investor would have invested Rs 10 in this fund in 2019 (at the time of its launch), then that time has become Rs 18.46. Its CAGR rate of return for two years has been 51.15%.
Know about this fund
ICICI Prudential Fund invests in companies that are fundamentally sound and may face any temporary issues. ICICI Prudential Chief Investment Officer S. Naren manages it. They say that special situations give a good return to the investors in the long run. The pandemic of Corona brought many such opportunities in which such funds got an opportunity to invest.
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Related to this sector
Sectors like Energy, Telecom, Pharma, Oil & Gas and Auto in the portfolio of this fund have performed well in the last one year. Banks, Capital Markets, Finance, Insurance, Pharma, Healthcare and Auto were the top 5 sectors of the fund as on March 31, 2022. The fund’s investments are in a total of 44 stocks, out of which 75 per cent is in large cap stocks. 12.7 per cent is in midcaps and 12.3 per cent is in small caps.