ICICI Prudential Rural Opportunities Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

ICICI Prudential Rural Opportunities Fund is a Thematic fund run by ICICI Prudential Mutual Fund. On 30-09-2026, it managed ₹1,896 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −12.2% and its Regular plan returned −13.1%. Its benchmark, Nifty Rural TRI, returned −11.3% over the same year.

NAV (Direct plan): ₹10.33; ▼ 0.77%30-10-2026
NAV (Regular plan): ₹10.13; ▼ 0.69%30-10-2026
Expense ratio: 1.25%Direct2.26%Regular; 1.25%; A year
Riskometer: Not available; Set by the fund house
1 year return: −12.2%Direct−13.1%Regular; −12.2%; Total

ICICI Prudential Rural Opportunities Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹10.33 (down 0.77% that day); Regular Plan Growth ₹10.13 (down 0.69% that day).

This fund (Direct plan)

₹10.33

ICICI Prudential Rural Opportunities Fund Returns vs Nifty Rural TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.62%	−9.07%	−6.77%	−12.23%	--	--	--
This fund (Regular)	−1.65%	−9.23%	−7.23%	−13.12%	--	--	--
Nifty Rural TRI	−1.32%	−9.57%	−7.36%	−11.26%	--	--	--
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	97/235	218/232	201/232	209/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

ICICI Prudential Rural Opportunities Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty Rural TRI
2026to date	−12.61%	−13.27%	−12.25%

ICICI Prudential Rural Opportunities Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 185 periods, one for each trading day from 29-01-2026 to 30-10-2026.

−20%−10%0%10%20%30%

Feb 2025
to
Feb 2026Apr 2025
to
Apr 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

ICICI Prudential Rural Opportunities Fund (Direct)Nifty Rural TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	185	1.2%	−13.6%	22.1%	40%	4.3%	6%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Rural TRI over the same days. Past returns do not promise future returns.

ICICI Prudential Rural Opportunities Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	ICICI Prudential Rural Opportunities Fund (Direct)This fund	Nifty Rural TRI
Return (CAGR)	−12.23%	−11.26%
Standard deviation	13.76%	15.59%
Sharpe ratio	-1.27	-1.06
Sortino ratio	-1.64	-1.38
Maximum drawdown	−14.4% (30-03-2026)	−15.1% (23-10-2026)
Beta	0.87	1.00
Alpha	−3.11%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	ICICI Prudential Rural Opportunities Fund (Direct)This fund	Nifty Rural TRI
Return (CAGR)	+1.70%	+2.55%
Standard deviation	12.43%	14.41%
Sharpe ratio	-0.31	-0.20
Sortino ratio	-0.42	-0.28
Maximum drawdown	−14.4% (30-03-2026)	−15.1% (23-10-2026)
Beta	0.84	1.00
Alpha	−1.31%	0.00%

From daily NAVs, 29-01-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−20%−15%−10%−5%0%

2026

ICICI Prudential Rural Opportunities Fund (Direct)Nifty Rural TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
ICICI Prudential Rural Opportunities Fund (Direct)	−14.4%	06-01-2026	30-03-2026	Not yet	--	−13.2%
Nifty Rural TRI	−15.1%	18-02-2026	23-10-2026	Not yet	--	−13.4%

From the Direct plan's daily NAV since 29-01-2025, adjusted for unit splits, and Nifty Rural TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

ICICI Prudential Rural Opportunities Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
ICICI Prudential Rural Opportunities Fund	209/215	1,896	1.25%	−12.23%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

ICICI Prudential Rural Opportunities Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.88%	0.05%	0.00%	0.32%	1.25%	1.18%	135/235
Regular	1.78%	0.05%	0.00%	0.43%	2.26%	2.41%	81/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−13.12%	−12.23%	0.89%	₹86,880	₹87,770

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

ICICI Prudential Rural Opportunities Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 29-01-2025 to 30-10-2026: 22 instalments, ₹2,20,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planICICI Prudential Rural Opportunities Fund (Direct)	₹2,20,000	₹2,08,361	−₹11,639	−5.6%
Regular planICICI Prudential Rural Opportunities Fund (Regular)	₹2,20,000	₹2,06,253	−₹13,747	−6.6%
Nifty Rural TRI	₹2,20,000	₹2,10,295	−₹9,705	−4.7%
Category averageCategory average, 235 Thematic funds	₹2,20,000	₹2,26,604	₹6,604	3.1%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

2026

Direct planICICI Prudential Rural Opportunities Fund (Direct)Regular planICICI Prudential Rural Opportunities Fund (Regular)Nifty Rural TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

ICICI Prudential Rural Opportunities Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

96.7%Equity

Asset	Fund	Category
Equity	96.7%	94.5%
Cash and others	3.3%	4.0%

Market cap of stocks

Market cap	Fund	Category
Large Cap	73.2%	45.7%
Mid Cap	15.1%	19.6%
Small Cap	8.0%	24.1%
Not on AMFI's list	0.5%	2.3%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

ICICI Prudential Rural Opportunities Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Automobiles16.3%
Banks15.2%
Insurance10.8%
Diversified Fmcg9.3%
Personal Products7.3%
Telecom - Services7.0%
Cement & Cement Products6.0%
Finance5.5%
Consumer Durables5.2%
Food Products4.9%

The ten largest of 15 sectors. The other 5 add up to 9.3%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Automobiles	19.0%	16.6%	16.3%	−2.7%
Banks	13.9%	15.6%	15.2%	+1.3%
Insurance	6.7%	10.5%	10.8%	+4.1%
Diversified Fmcg	8.6%	8.6%	9.3%	+0.7%
Personal Products	5.9%	6.0%	7.3%	+1.4%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

ICICI Prudential Rural Opportunities Fund Portfolio Holdings

As on 30-09-2026 · 47 holdings · from the fund house's monthly portfolio

Holdings	Sector	Weight%	1M change
HDFC Bank Ltd.	Banks	7.80%	+2.5%
Hindustan Unilever Ltd.	Diversified Fmcg	7.50%	+4.8%
Life Insurance Corporation of India	Insurance	7.32%	0.0%
Bharti Airtel Ltd.	Telecom - Services	6.95%	0.0%
Mahindra & Mahindra Ltd.	Automobiles	6.29%	+0.5%
State Bank Of India	Banks	5.97%	+15.7%
Ultratech Cement Ltd.	Cement & Cement Products	5.00%	+13.1%
Britannia Industries Ltd.	Food Products	3.45%	+2.5%
TVS Motor Company Ltd.	Automobiles	2.89%	0.0%
Maruti Suzuki India Ltd.	Automobiles	2.86%	0.0%
Colgate - Palmolive (India) Ltd.	Personal Products	2.69%	+16.9%
Cholamandalam Investment And Finance Company Ltd.	Finance	2.46%	−1.9%
Hyundai Motor India Ltd.	Automobiles	2.40%	0.0%
Havells India Ltd.	Consumer Durables	2.40%	0.0%
Godrej Consumer Products Ltd.	Personal Products	2.26%	0.0%
ITC Ltd.	Diversified Fmcg	1.83%	0.0%
Bajaj Auto Ltd.	Automobiles	1.82%	0.0%
HDFC Life Insurance Company Ltd.	Insurance	1.74%	0.0%
Indian Railway Catering and Tourism Corporation Ltd.	Leisure Services	1.73%	0.0%
Sundaram Finance Ltd.	Finance	1.53%	−8.7%
SBI Life Insurance Company Ltd.	Insurance	1.47%	+3.1%
Ashok Leyland Ltd.	Agricultural, Commercial & Construction Vehicles	1.34%	−19.5%
Dhanuka Agritech Ltd.	Fertilizers & Agrochemicals	1.33%	+1.1%
Emami Ltd.	Personal Products	1.17%	+78.6%
Dabur India Ltd.	Personal Products	1.17%	+17.5%
Voltas Ltd.	Consumer Durables	1.16%	0.0%
LIC Housing Finance Ltd.	Finance	1.13%	−40.9%
ICICI Bank Ltd.	Banks	1.13%	0.0%
Blue Star Ltd.	Consumer Durables	1.13%	0.0%
Coromandel International Ltd.	Fertilizers & Agrochemicals	1.02%	0.0%
Paradeep Phosphates Ltd.	Fertilizers & Agrochemicals	0.96%	0.0%
TML Commercial Vehicles Ltd.	Agricultural, Commercial & Construction Vehicles	0.95%	−32.0%
JK Lakshmi Cement Ltd.	Cement & Cement Products	0.80%	0.0%
Nestle India Ltd.	Food Products	0.73%	0.0%
Avanti Feeds Ltd.	Food Products	0.67%	+93.6%
Gujarat State Fertilizers and Chemicals Ltd.	Fertilizers & Agrochemicals	0.49%	0.0%
SBI Funds Management Ltd.	Capital Markets	0.47%	0.0%
Crompton Greaves Consumer Electricals Ltd.	Consumer Durables	0.38%	0.0%
Balrampur Chini Mills Ltd.	Agricultural Food & Other Products	0.35%	New
SBI Cards & Payment Services Ltd.	Finance	0.32%	New
Sumitomo Chemical India Ltd.	Fertilizers & Agrochemicals	0.31%	−6.8%
Axis Bank Ltd.	Banks	0.31%	New
UPL Ltd.	Fertilizers & Agrochemicals	0.30%	0.0%
ICICI Prudential Life Insurance Company Ltd.	Insurance	0.28%	0.0%
Birla Corporation Ltd.	Cement & Cement Products	0.24%	−34.6%
Kansai Nerolac Paints Ltd.	Consumer Durables	0.15%	0.0%
Bajaj Finance Ltd.	Finance	0.05%	−95.8%

ICICI Prudential Rural Opportunities Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

HDFC Bank Ltd.	Added	+2.5%	7.80%
Hindustan Unilever Ltd.	Added	+4.8%	7.50%
Mahindra & Mahindra Ltd.	Added	+0.5%	6.29%
State Bank Of India	Added	+15.7%	5.97%
Ultratech Cement Ltd.	Added	+13.1%	5.00%
Britannia Industries Ltd.	Added	+2.5%	3.45%
Colgate - Palmolive (India) Ltd.	Added	+16.9%	2.69%
Cholamandalam Investment And Finance Company Ltd.	Reduced	−1.9%	2.46%
Kotak Mahindra Bank Ltd.	Sold out	−100%	was 2.07%
LIC Housing Finance Ltd.	Reduced	−40.9%	1.13%
Ashok Leyland Ltd.	Reduced	−19.5%	1.34%
Sundaram Finance Ltd.	Reduced	−8.7%	1.53%
SBI Life Insurance Company Ltd.	Added	+3.1%	1.47%
TML Commercial Vehicles Ltd.	Reduced	−32.0%	0.95%
Dhanuka Agritech Ltd.	Added	+1.1%	1.33%
Bajaj Finance Ltd.	Reduced	−95.8%	0.05%
Emami Ltd.	Added	+78.6%	1.17%
Dabur India Ltd.	Added	+17.5%	1.17%
HDB Financial Services Ltd.	Sold out	−100%	was 0.72%
Avanti Feeds Ltd.	Added	+93.6%	0.67%
Sumitomo Chemical India Ltd.	Reduced	−6.8%	0.31%
Birla Corporation Ltd.	Reduced	−34.6%	0.24%
Balrampur Chini Mills Ltd.	New	New	0.35%
SBI Cards & Payment Services Ltd.	New	New	0.32%
Axis Bank Ltd.	New	New	0.31%
PNB Housing Finance Ltd.	Sold out	−100%	was 0.28%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What ICICI Prudential Rural Opportunities Fund bought and sold

ICICI Prudential Rural Opportunities Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Kotak Rural Opportunities FundThematic · Kotak Mahindra	42.2%	19	Compare
ICICI Prudential Bharat Consumption FundThematic · ICICI Prudential	39.9%	18	Compare
ICICI Prudential Nifty Top 15 Equal Weight ETFETF · ICICI Prudential	38.2%	10	Compare
ICICI Prudential Nifty Top 15 Equal Weight Index FundIndex · ICICI Prudential	38.2%	10	Compare
ICICI Prudential Value FundValue and Contra · ICICI Prudential	36.8%	19	Compare
HDFC Consumption FundThematic · HDFC	35.3%	13	Compare
DSP Large Cap FundLarge Cap · DSP	34.8%	15	Compare
ICICI Prudential Large Cap FundLarge Cap · ICICI Prudential	33.3%	20	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

ICICI Prudential Rural Opportunities Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 1.25%
Expense ratio (Regular): 2.26%
Category: Thematic
Risk: Not available
Benchmark: Nifty Rural TRI
Launch date: 28-01-2025
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹1,895.51 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153184
ISIN (Direct): INF109KC12Z9
Scheme code (Regular): 153181
ISIN (Regular): INF109KC19Y7
NAV history: From 29-01-2025, 1.7 years

Exit load: • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 1 month from allotment. • NIL - If the amount sought to be redeemed or switched out more than 1 month.

Tax on ICICI Prudential Rural Opportunities Fund returns

ICICI Prudential Rural Opportunities Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹10.33	30-10-2026
direct	IDCW	₹10.33	30-10-2026
regular	Growth	₹10.13	30-10-2026
regular	IDCW	₹10.12	30-10-2026

About ICICI Prudential Rural Opportunities Fund

ICICI Prudential Rural Opportunities Fund is a mutual fund from ICICI Prudential Mutual Fund. Its category is Thematic. It was launched on 28-01-2025. Its benchmark is Nifty Rural TRI. At the end of September 2026 it held 47 securities.

Fund Manager

Priyanka Khandelwal
Fund manager of ICICI Prudential Rural Opportunities Fund, since 28-01-2025

See all funds of ICICI Prudential Mutual Fund

AUM change

September 2026: ₹1,895.51 Cr; −7.39% from August 2026
August 2026: ₹2,046.82 Cr; −3.91% from July 2026
July 2026: ₹2,130.12 Cr; +2.03% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare ICICI Prudential Rural Opportunities Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Compare with any other fund

Frequently Asked Questions for ICICI Prudential Rural Opportunities Fund

What is the current NAV of ICICI Prudential Rural Opportunities Fund?

The Direct plan NAV is ₹10.33. The Regular plan NAV is ₹10.13, as on 30-10-2026.

What are the returns of ICICI Prudential Rural Opportunities Fund?

The Direct plan returned −12.23% in 1 year. The Regular plan returned −13.12% in 1 year. These figures are as on 30-10-2026.

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

The Direct plan charges 1.25% a year. The Regular plan charges 2.26% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of ICICI Prudential Rural Opportunities Fund?

ICICI Prudential Rural Opportunities Fund managed ₹1,895.51 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of ICICI Prudential Rural Opportunities Fund?

At the end of September 2026 the largest holdings were HDFCBANK (7.80%), HINDUNILVR (7.50%), LICI (7.32%), BHARTIARTL (6.95%), M&M (6.29%). The fund held 47 securities in all.

What did ICICI Prudential Rural Opportunities Fund buy and sell in September 2026?

It bought 3 new stocks: SBI Cards & Payment Services Ltd, Balrampur Chini Mills Ltd, Axis Bank Ltd. It sold out of 3: Kotak Mahindra Bank Ltd, PNB Housing Finance Ltd, HDB Financial Services Ltd. It added shares in 12. It reduced 8.

How do I invest in ICICI Prudential Rural Opportunities Fund?

Through ICICI Prudential Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of ICICI Prudential Rural Opportunities Fund?

Priyanka Khandelwal (since 28-01-2025).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.