ICICI Prudential Contra Fund Direct Growth

ICICI Prudential Contra Fund Direct Growth
Very High Risk
Launch date28 Sep 2026
Allotment date15 Oct 2026
End date12 Oct 2026
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: --Inclusive of GST
Exit loadExit load of 1%, if redeemed within 1 month.
Stamp duty0.005% (from July 1st, 2020)
Tax implication--
Understand terms
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹100
Fund managementSankaran Naren
Sep 2026 - Present
View details
Education
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Also manages these schemes
ICICI Prudential Aggressive Hybrid Fund Direct Growth
ICICI Prudential Large Cap Fund Direct Growth
ICICI Prudential Value Direct Growth
ICICI Prudential Multi Sector Passive FoF Direct Growth
ICICI Prudential Multi Asset Allocation Fund Direct Growth
ICICI Prudential Technology Direct Plan Growth
ICICI Prudential India Opportunities Fund Direct Growth
Dharmesh Kakkad
Sep 2026 - Present
View details
Education
Mr. kakkad is B.com., CA & CFA.
Experience
He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.
Also manages these schemes
ICICI Prudential Diversified Equity All Cap Active FoF Direct Growth
ICICI Prudential Multi Asset Active FoF Direct Growth
ICICI Prudential Value Direct Growth
ICICI Prudential Multi Sector Passive FoF Direct Growth
ICICI Prudential Equity Savings Fund Direct Growth
ICICI Prudential Aggressive Hybrid Active FoF Direct Growth
ICICI Prudential Diversified Equity All Cap Omni FoF Direct Growth
ICICI Prudential Healthcare Fund Direct Growth
Gaurav Chikane
Sep 2026 - Present
View details
Education
Mr. Chikane is a B.E. (IT) and MBA (Finance)
Experience
Prior to joining the ICICI Prudential Mutual Fund, he has an experience of 6.5 years of trading in commodities.
Also manages these schemes
ICICI Prudential Life Cycle Fund 2031 Direct Growth
ICICI Prudential Life Cycle Fund 2036 Direct Growth
ICICI Prudential Multi Asset Active FoF Direct Growth
ICICI Prudential Multi Asset Allocation Fund Direct Growth
ICICI Prudential Life Cycle Fund 2041 Direct Growth
Sakshat Goel
Sep 2026 - Present
View details
Education
PGDM from S.P. Jain Institute of Management & Research and B.E. from P.E.S. Institute of Technology.
Experience
Prior to joining the ICICI Prudential AMC, he was associated with Futures First.
Also manages these schemes
ICICI Prudential Small Cap Fund Direct Growth
Fund house & investment objective
ICICI Prudential Mutual Fund
Rank (total assets)#3 in India
Total AUM₹11,69,999.45Cr
Date of Incorporation12 Oct 1993
    ICICI Prudential Contra Fund Direct Growth is a -- Mutual Fund Scheme launched by ICICI Prudential Mutual Fund.     This scheme was made available to investors on 12 Oct 1993.     Sankaran Naren is the Current Fund Manager of ICICI Prudential Contra Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹11,69,999 Cr and     the Latest NAV as of 28 Sep 2026 is ₹10.00.  

    The ICICI Prudential Contra Fund Direct Growth is rated Very High risk.     Minimum SIP Investment is set to ₹100.     Minimum Lumpsum Investment is ₹1,000.     Exit load of 1%, if redeemed within 1 month.
  ;
Investment ObjectiveThe scheme seeks to generate long-term capital appreciation by investing in Equity & Equity related instruments following contrarian investment strategy. 
 
;
Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
One BKC ,  A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
--
Launch Date
12 Oct 1993
E-mail
--
Website
www.icicipruamc.com
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Nippon India Small Cap Fund Direct Growth
4
9.6%15.7%82,580.31
Franklin India Mid Cap Fund Direct Growth
2
1.4%15.2%13,052.40
Franklin India Small Cap Fund Direct Growth
3
5.3%13.2%14,746.08
HDFC Small Cap Fund Direct Growth
3
-1.7%11.1%41,890.86
Franklin India Technology Fund Direct Growth
--
-11.0%8.5%1,759.08

Rank (total assets)	#3 in India
Total AUM	₹11,69,999.45Cr

Date of Incorporation	12 Oct 1993

Fund benchmark	NIFTY 500 Total Return Index

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Nippon India Small Cap Fund Direct Growth	4	9.6%	15.7%	82,580.31
Franklin India Mid Cap Fund Direct Growth	2	1.4%	15.2%	13,052.40
Franklin India Small Cap Fund Direct Growth	3	5.3%	13.2%	14,746.08
HDFC Small Cap Fund Direct Growth	3	-1.7%	11.1%	41,890.86
Franklin India Technology Fund Direct Growth	--	-11.0%	8.5%	1,759.08