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ICICI Prudential Contra Fund

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ICICI Prudential Contra Fund - Flip the view to spot opportunities beyond the obvious

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About ICICI Prudential Contra Fund

Headlines often focus on what is popular in the market. Contrarian investing generally looks in the opposite direction- towards fundamentally sound companies and segments that may be ignored, out of favour or mispriced. However, being unpopular alone does not make something an opportunity. The approach uses disciplined research to assess whether current challenges are temporary or structural and identify businesses with potential for recovery. Introducing ICICI Prudential Contra Fund—an investment option that seeks opportunities beyond prevailing market sentiment.

How does ICICI Prudential Contra Fund work?

Invests in equity and equity-related instruments following a contrarian investment strategy

Seeks opportunities across sectors and market capitalisations that may be overlooked, out of favour or mispriced

Evaluates potential opportunities and risks through the CLOUD acronym framework

Why invest in ICICI Prudential Contra Fund?

Seeks to uncover contrarian opportunities created by mispricing across the market

Aims to participate in the potential cyclical recovery of lagging sectors as market distortions ease

Follows a research-led approach to identify turnaround opportunities across uneven market cycles

ICICI Prudential Contra Fund highlightsICICI Prudential Contra Fund highlights

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Scheme Details - ICICI Prudential Contra Fund

Name of the SchemeICICI Prudential Contra Fund
Type of SchemeAn open ended equity scheme following contrarian investment strategy
NFO PeriodSeptember 28, 2026- October 12, 2026
Benchmark IndexNifty 500 TRI
Exit Load1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within 1 month from allotment. NIL -If the amount sought to be redeemed or switched out more than 1 month.
Minimum Application AmountRs. 1,000 (& in multiples of Re. 1)
Minimum Additional Application AmountRs. 1,000 (& in multiples of Re. 1)
Minimum Redemption AmountAny Amount
OptionsGrowth and Income Distribution cum Capital Withdrawal
SIP / SWP / STPAvailable
Plan ICICI Prudential Contra Fund - Direct Plan ICICI Prudential Contra Fund - Regular Plan
Fund ManagersMr. Sankaran Naren, Mr. Dharmesh Kakkad, and Mr. Sakshat Goel

ICICI Prudential Contra Fund is suitable for investors who are seeking*:

  • Long term wealth creation
  • An open ended equity scheme following contrarian investment strategy

Scheme Riskometer

ICICI Prudential Contra Fund riskometer

Investors understand that their principal will be at Very High risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

It may be noted that the scheme risk-o-meter specified above is based on the internal assessment of the scheme characteristics and may vary post NFO when the actual investments are made. The same shall be updated on ongoing basis in accordance with clause 17.4 of the Master Circular for Mutual Funds dated June 27, 2024.

ICICI Prudential Mutual Fund, Registration No.: MF/003/93/6

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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