Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential Rural Opportunities Fund

Holds 47 companies worth ₹1,833 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹1,896 CrICICI Prudential Rural Opportunities Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 7.4% on Aug 2026, ₹2,047 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.8% of this scheme's NAV.

  • Fund manager

    Priyanka KhandelwalRuns its co-manager part since 28 Jan 2025, as the fund house dates it.

Overview(1 Sept 2026)

Fund managers1

  1. Priyanka KhandelwalCo-manager · Jan 2025 · 10y · CS B.Com
  1. Sankaran NarenJan 2025 – Jul 2025

Key facts

Benchmark
Nifty Rural TRI
Expense
Regular 2.05% · Direct 0.93%
Exit load
1% within 1 month
Started
28 Jan 2025
Minimum
₹5,000

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed(6 changes)

Aug 2026

1 change
  1. Category
    31 AugEquity Schemes - Sectoral/Thematic → Equity Schemes - Thematic

Jul 2026

1 change
  1. Exit load
    26 Jul1% within 12 months → 1% within 1 month

Jan 2026

1 change
  1. Expense ratio
    4 JanRegular 2.13% → 2.05%Direct 0.94% → 0.93%

Source.Its filings at NSE, since Feb 2025.

Fund managers over time(Jan 2025 – now)

  1. Priyanka Khandelwal
  2. Sankaran Naren
MainCoSlice2026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Feb 2025 – Sept 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
4 Jan 20262.05%0.93%0.01
10 Jul 20252.13%0.94%0.03
12 Feb 20252.15%0.91%–
Direct plan, 4 Jan 2026
0.93%
Regular plan 2.05% · Exit load 1% within 1 month
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(1 Sept 2026)

Objective

To generate long-term capital appreciation by investing in Equity & Equity related instruments of companies following Rural and/or allied theme. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

At launch
Very High
Type
Open Ended
Benchmark
Nifty Rural TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related instruments of companies following Rural and/or Allied theme
    Allowed80–100%
  2. Other Equity and Equity related instruments
    Allowed0–20%
  3. Money market instruments, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
    Allowed0–20%
  4. Units issued by INVITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.96.7% equity · 3.3% debt and cash

How to invest(1 Sept 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
SIP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum
Daily,Weekly,Fortnightly,Monthly = Rs. 100 Quarterly = Rs. 5,000, then re. 1/-
SIP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem
Any amount
Switch minimum
₹5,000
Switch multiples
Any amount
STP how often
Daily,Weekly,Monthly,Fortnightly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* Fortnightly = 1st and 16th day of each month as applicable *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly,Fortnightly, Quarterly = Rs. 1,000 Daily = Rs. 250, then re. 1/-
STP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4
SWP how often
Monthly,Quarterly, Half Yearly,Annual
SWP dates
Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum
Any amount, then re. 1/-
SWP instalments
Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details(1 Sept 2026)

What it is

Category
Equity Schemes - Thematic
Offer
9 Jan 2025 to 23 Jan 2025
Started
28 Jan 2025
Reopened
3 Feb 2025
Plans
ICICI Prudential Rural Opportunities Fund - Direct Plan - Growth · ICICI Prudential Rural Opportunities Fund - Direct Plan - IDCW · ICICI Prudential Rural Opportunities Fund - Growth · ICICI Prudential Rural Opportunities Fund - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Provisions for Segregated Portfolio have been added in the SID
Custodian
Citibank N.A., HDFC, SBI-SG Global Securities Services Private Limited and HSBC are acting as Custodians for the Scheme.
Auditor
M/s BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/E/THE/24/10/0186