# ICICI Prudential Energy Opportunities Fund Direct Growth

ICICI Prudential Energy Opportunities Fund Direct Growth is an energy sector fund from ICICI Prudential Mutual Fund, launched in July 2024. Foliyo’s research tags it Emerging.

Updated 2 November 2026 by the Foliyo Research Desk, led by Sachin Kabra, Principal Officer (SEBI RIA INA000023454) · https://foliyo.ai/mutual-funds/icici-prudential-energy-opportunities-fund-direct-growth/

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- NAV (30 October 2026): ₹10.81
- Fund size: ₹8,029 Cr
- Expense ratio: 1.12%
- 1-year return: 0.2%

1 year: NAV ₹10.79 on 30 October 2025, **₹10.81** on 30 October 2026.

Since the start: NAV ₹10.00 on 22 July 2024, **₹10.81** on 30 October 2026.

## Foliyo’s view: Emerging

(Emerging) Promising: the only fund of the three with a positive 1-year return, but at 2.3 years old it is not proven.

### Why it is tagged Emerging

Foliyo’s Research Desk tags a fund **Emerging** when it is under 3 years old and its first year is among the strongest in its category, judged against every peer’s last year over the same months on 1-year return (25% of the weight), how often it stayed ahead of the peer median (15%), Sharpe ratio (15%), worst fall (10%), downside capture (10%) and expense ratio (15%). ICICI Prudential Energy Opportunities Fund ranks **1 of 3** in Sector - Energy, 2.3 years after launch. An Emerging tag says the start is strong; it becomes a Leader, Strong, Steady or Laggard call once the fund has a 3-year record.

#### Pros

- The 1-year return is 1.1% against a peer median of -4.6%, and it was ahead of the peer median in 100.0% of rolling 1-year periods.
- The worst 1-year return was -3.6%, the 1-year maximum drawdown was -7.5% and the 1-year Sharpe ratio was 0.38.
- The expense ratio of 1.12% equals the peer median, so cost neither helps nor hurts.

#### Cons

- Volatility over 1 year is 19.1%, and the fund has no 3-year record through a full market cycle.
- The top 10 holdings are 41.2% of the portfolio and small caps 34.4%, in a ₹8029 Cr fund; the data do not show what drove the 1-year result.

## Against similar funds

Figures from the review of 23 October 2026, against the median of the 3 funds in Sector - Energy. Green means better than the median.

- 1-year return: 1.1% +5.7 pts median −4.6%
- Expense ratio: 1.12% level median 1.12%
- Cash: 3.6% median 2.6%
- Fund size: ₹8,029 Cr median ₹7,966 Cr

## Returns

Direct Growth plan, to 30 October 2026.

| Period | Fund | Category average |
| --- | --- | --- |
| 1 month | −6.1% | −4.6% |
| 3 months | −6.3% | −8.4% |
| 6 months | −9.2% | −13.0% |
| 1 year | 0.2% | −4.1% |
| Since launch (a year) | 3.5% | — |

## Portfolio

Portfolio as of 30 September 2026: 98 holdings, price to earnings 15.6, price to book 2.2.

### Asset allocation

- Equity 96.2%
- Cash & equivalents 3.6%
- Debt 0.3%

### Market cap split

- Large cap 46.3%
- Small cap 34.4%
- Mid cap 13.4%
- Other 5.9%

### Top sectors

- Industrials 31.9%
- Energy 27.7%
- Utilities 25.5%
- Basic Materials 3.3%
- Financial Services 3.3%
- Technology 3.2%
- Consumer Cyclical 0.4%
- Other 4.8%

### Top 10 holdings

1. Reliance Industries Ltd, Energy: 8.87%
2. NTPC Ltd, Utilities: 7.45%
3. Oil & Natural Gas Corp Ltd, Energy: 5.28%
4. Cummins India Ltd, Industrials: 3.30%
5. Bharat Petroleum Corp Ltd, Energy: 3.24%
6. Oil India Ltd, Energy: 3.06%
7. Kalpataru Projects International Ltd, Industrials: 2.63%
8. Indian Oil Corp Ltd, Energy: 2.55%
9. Life Insurance Corporation of India, Financial Services: 2.46%
10. TD Power Systems Ltd, Industrials: 2.39%

## Fund managers

- SD**Sharmila D'Silva** (lead)Since 22 July 2024
- NM**Nitya Mishra**Since 22 July 2024

## Investment objective

The investment objective of the Scheme is to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies engaging in activities such as exploration, production, distribution, transportation and processing of traditional & new energy including but not limited to industries/sectors such as oil & gas, utilities and power.

## Fund details

| Category | Sector - Energy |
| --- | --- |
| Fund house | ICICI Prudential Mutual Fund |
| Launch date | 22 July 2024 |
| Benchmark | AMFI Tier I benchmark - Nifty Energy TRI |
| Riskometer | Very High Risk |
| Expense ratio | 1.12% (September 2026) |
| Exit load | 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to three months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than three months from the date of allotment |
| ISIN (Direct Growth) | INF109KC12W6 |

## How Foliyo’s research ranks funds

Every month Foliyo’s Research Desk reviews each Indian mutual fund with at least ₹500 Cr under management (1,035 funds in the review of 23 October 2026), through its Direct Growth plan, and ranks it against the other funds in its category. No fund house pays us, and we earn no commission, so the ranking has no reason to favour anyone. For equity funds the ranking weighs:

- **Performance (35%):** 3, 5 and 1-year returns, and where the fund stands among all funds in its category over 3 and 5 years.
- **Consistency (25%):** how often the fund was ahead of its peers over rolling 1 and 3-year periods, and in how many calendar years it finished in the top half.
- **Risk (25%):** return per unit of risk (Sharpe and Sortino ratios), how much of the market’s falls it took (downside capture), its worst fall and its volatility.
- **Cost (10%) and stability (5%):** the expense ratio, and how long the lead manager has run the fund.

Where a fund stands sets its label: **Leader** (the strongest in the category), **Strong**, **Steady** and **Laggard** (behind most of its peers). A fund under 3 years old is never judged on a full record: its first year is compared with every peer’s last year (1-year return 25%, steadiness against peers 15%, Sharpe ratio 15%, worst fall 10%, downside capture 10%, cost 15%), and it is labelled **Emerging** when that start is among the strongest, or **Too early** otherwise. Red flags are set by rule, never by opinion: a new lead manager, a portfolio that strays from the category’s mandate, high cash, high cost or a concentrated portfolio.

## Frequently asked questions

### What is the NAV of ICICI Prudential Energy Opportunities Fund Direct Growth today?

The NAV of ICICI Prudential Energy Opportunities Fund Direct Growth was ₹10.8100 on 30 October 2026.

### Why does Foliyo tag ICICI Prudential Energy Opportunities Fund as Emerging?

Foliyo’s Research Desk tags a fund **Emerging** when it is under 3 years old and its first year is among the strongest in its category, judged against every peer’s last year over the same months on 1-year return (25% of the weight), how often it stayed ahead of the peer median (15%), Sharpe ratio (15%), worst fall (10%), downside capture (10%) and expense ratio (15%). ICICI Prudential Energy Opportunities Fund ranks **1 of 3** in Sector - Energy, 2.3 years after launch. An Emerging tag says the start is strong; it becomes a Leader, Strong, Steady or Laggard call once the fund has a 3-year record.

### What is the expense ratio of ICICI Prudential Energy Opportunities Fund Direct Growth?

1.12% a year, as disclosed for September 2026, against a median of 1.12% for similar funds.

### What is the fund size (AUM) of ICICI Prudential Energy Opportunities Fund?

₹8,029 Cr as of 30 September 2026.

### What returns has ICICI Prudential Energy Opportunities Fund Direct Growth given?

0.2% over the last year and 3.5% a year since launch, to 30 October 2026. Past returns don’t say what it will return next.

### Who manages ICICI Prudential Energy Opportunities Fund?

Sharmila D'Silva (lead), Nitya Mishra.

### What is the exit load of ICICI Prudential Energy Opportunities Fund?

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to three months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than three months from the date of allotment

**About this research.** Labels, ranks and notes come from Foliyo’s Research Desk, led by Sachin Kabra, Principal Officer, which reviews every Indian mutual fund with at least ₹500 Cr under management against its category peers each month, using funds data. They describe how a fund has done, not how it will do, and they are not a recommendation to buy, hold or sell any fund. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance is not indicative of future returns.

Foliyo is the brand of Weekend Bytes Tech Private Limited, a SEBI-registered Investment Adviser (INA000023454). Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Foliyo earns no commission from any fund house.

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