3 Year return

0
Launched on March 2022 (2 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹2561.04 Cr.

Expense Ratio

0.86% (inclusive of GST)

Exit Load

1.00% - If the amount sought to be redeemed or switched out of upto 1 month from the date of allotment. Nil - If the amount sought to be redeemed or switched out more than 1 month from the date of allotment.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

SN

Sankaran Naren

Fund Manager since Apr 2022

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹711,553.09 Cr.
No. of Schemes 296
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Housing Opportunities Fund Direct Plan Growth

ICICI Prudential Mutual Fund offers ICICI Prudential Housing Opportunities Fund Direct Growth as an equity scheme. This investment avenue focuses on identifying opportunities within the housing theme, capitalising on the government's thrust towards housing development. The fund strategically invests in companies that are a part of the Nifty Housing Index, including power, paints, home appliances and cement companies among others. One notable aspect of this scheme is its expense ratio, which is lower than many other thematic funds available in the market, making it potentially more cost-effective for investors.

Investment Objective of the Scheme

The principal objective of the ICICI Prudential Housing Opportunities Fund Direct Plan Growth is to provide investors with long-term financial appreciation. To achieve this objective, the fund predominantly invests in equity and equity-related instruments of entities engaged in or expected to benefit from the growth in the housing theme. By strategically selecting investments within the housing sector, the scheme aims to capture potential growth opportunities that may arise from the government's initiatives and developments in this area.

Key Features of The Fund

5-year return NA
Expense Ratio 0.86%
Fund Manager Sankaran Naren
Fund Size ₹2561.04 Cr
Risk Profile Very High

Is This Scheme Right for Me?

ICICI Prudential Housing Opportunities Fund Direct Plan Growth may be appropriate for investors looking for opportunities to participate in the potential growth of the housing theme. However, these investors must possess advanced knowledge of macro trends, particularly in the housing sector, as this scheme potentially involves taking selective bets to achieve higher returns than other equity funds. Like any investment decision, potential investors should review the fund's prospectus, seek professional financial advice, and align their investment strategy with their financial objectives to make informed choices for their portfolios.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of ICICI Prudential Housing Opportunities Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Housing Opportunities Fund May 23 2024 is 16.21

What is the AUM of ICICI Prudential Housing Opportunities Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Housing Opportunities Fund is 2561.04 crore.

What is the expense ratio of ICICI Prudential Housing Opportunities Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Housing Opportunities Fund is 0.86%

What are the returns of ICICI Prudential Housing Opportunities Fund since inception?

The ICICI Prudential Housing Opportunities Fund was launched on Mar 28 2022. The fund has delivered a CAGR of 25.32 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Housing Opportunities Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Housing Opportunities Fund is 100.

How do I invest in ICICI Prudential Housing Opportunities Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Housing Opportunities Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Housing Opportunities Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Housing Opportunities Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.