Investment Style
Both funds share a Growth-Oriented Investment Style, aiming to invest in companies with high potential for expansion and profit. This makes them ideal for investors with a medium to high-risk appetite who want to capitalize on India’s booming sectors.
| Fund Name | Investment Style |
| ICICI Prudential India Opportunities Fund | Growth |
| Franklin India Opportunities Fund | Growth |
Loading ...Returns Analysis:
Trailing Returns
| Period Invested For | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| 1 Year | 45.06% (Good) | 66.74% (Exceptional) |
| 2 Years | 38.61% (Moderate) | 49.57% (High) |
| 3 Years | 28.51% (Low) | 30.16% (Moderate) |
| 5 Years | 31.82% (High) | 30.85% (High) |
Analysis
- Short-Term Performance (1 Year): Franklin India Opportunities Fund shines with 66.74% returns, significantly outperforming ICICI Prudential’s 45.06%.
- Medium-Term Performance (2 Years): Franklin maintains its edge with 49.57% returns, compared to ICICI’s 38.61%.
- Long-Term Performance (5 Years): The tables turn slightly, with ICICI Prudential clocking 31.82%, slightly ahead of Franklin’s 30.85%.
Key Takeaway:
Franklin India is the winner for short-term gains, but ICICI Prudential holds its ground for long-term stability.
Trailing Returns Comprision with nifty 500
| Period Invested For | NIFTY 500 Returns | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| 1 Year | 39.97% | 45.06% | 66.74% |
| 2 Years | 27.85% | 38.61% | 49.57% |
| 3 Years | 17.35% | 28.51% | 30.16% |
| 5 Years | 21.29% | 31.82% | 30.85% |
Analysis
- Over the 1-year and 2-year periods, Franklin India Opportunities Fund significantly outperformed both the ICICI Prudential Fund and the benchmark. With 66.74% 1-year returns, it shows robust short-term growth potential.
- Over the 3-year and 5-year periods, ICICI Prudential slightly edges ahead with 31.82% returns over 5 years, showcasing consistency.
Key Takeaway:
Franklin India is the winner for short-term gains, but ICICI Prudential holds its ground for long-term stability.
Lumpsum Investment Value
| Period Invested For | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| 1 Year | ₹14,550.20 | ₹16,743.70 |
| 2 Years | ₹19,246.40 | ₹22,420.40 |
| 3 Years | ₹21,236.30 | ₹22,066.70 |
| 5 Years | ₹39,856.30 | ₹38,418.00 |
Analysis
- 1-Year Investment: Franklin generates ₹16,743.70, significantly outperforming ICICI’s ₹14,550.20.
- 2-Year Investment: Franklin continues to dominate with ₹22,420.40, a clear leader over ICICI.
- 5-Year Investment: ICICI takes the lead with ₹39,856.30, surpassing Franklin’s ₹38,418.00.
Key Takeaway:
Franklin is unbeatable in the short and medium term, while ICICI rewards patient investors with higher long-term returns.
SIP Returns
(NAV as of 2nd Oct 2024)
Analysis
- 1-Year SIP Returns: Franklin leads the race with 61.54%, a clear winner compared to ICICI’s 47.76%.
- 2-Year SIP Returns: Franklin maintains its dominance with 60.01%, outperforming ICICI’s 44.37%.
- 3-Year SIP Returns: Franklin still edges ahead at 46.45%, with ICICI close behind at 37.44%.
- 5-Year SIP Returns: Franklin slightly surpasses ICICI with 37.80%, compared to 36.89%.
Franklin India Opportunities Fund consistently delivers higher SIP returns across all timeframes.
SIP Investment Value
(NAV as of 2nd Oct 2024)
Analysis
- 1-Year SIP Value: Franklin turns your ₹12,000 investment into ₹15,716.36, while ICICI grows it to ₹14,925.42.
- 2-Year SIP Value: Franklin delivers ₹40,637.70, significantly ahead of ICICI’s ₹35,990.52.
- 3-Year SIP Value: Franklin once again outpaces ICICI, turning ₹36,000 into ₹68,447.79, compared to ICICI’s ₹61,058.05.
- 5-Year SIP Value: While Franklin achieves ₹1,50,595.00, ICICI isn’t far behind with ₹1,47,461.85.
Franklin consistently provides better value for your SIP investments, with noticeable differences in short- and long-term horizons.
CAGR
(NAV as of 2nd Oct 2024)
Analysis
- 1-Year CAGR: Franklin India Opportunities Fund stands out with an impressive 69.48%, significantly outperforming ICICI’s 47.17% and the benchmark’s 39.87%.
- 3-Year CAGR: ICICI leads slightly with 30.67%, just ahead of Franklin’s 30.55%. Both funds far surpass the benchmark’s 18.13%.
- 5-Year CAGR: Franklin edges out ICICI with a 30.51% CAGR, compared to ICICI’s 30.22%, while the benchmark lags at 21.46%.
Key Takeaway:
Franklin delivers better short-term growth, while ICICI slightly leads in the mid-term. Over the long run, Franklin’s consistency keeps it ahead.
Rolling Returns:
(NAV as of 2nd Oct 2024)
Analysis
- 1-Year Rolling Returns: ICICI delivers a stellar 33.25%, far surpassing the benchmark at 21.76% and Franklin at 23.56%.
- 3-Year Rolling Returns: ICICI again outperforms with 31.74%, nearly double the benchmark’s 19.47% and far ahead of Franklin’s 16.91%.
- 5-Year Rolling Returns: ICICI maintains its dominance with 27.15%, significantly above the benchmark and Franklin’s 14.63%.
Key Takeaway:
ICICI Prudential India Opportunities Fund consistently outperforms the benchmark and Franklin across all timeframes, making it the clear winner regarding rolling returns.
Calendar Year Returns (2019–YTD 2024)
Here’s how these funds performed annually over the past few years:
| Period | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund | Benchmark |
| YTD 2024 | 31.59% | 42.80% | 24.92% |
| 2023 | 37.72% | 54.86% | 25.77% |
| 2022 | 21.09% | -1.20% | 3.02% |
| 2021 | 51.33% | 30.56% | 30.19% |
| 2020 | 8.95% | 28.65% | 16.67% |
| 2019 | 7.09% | 6.09% | 9.65% |
Analysis
- YTD 2024: Franklin takes the lead with an impressive 42.80%, far ahead of ICICI’s 31.59% and the benchmark’s 24.92%.
- 2023: Franklin shines with 54.86%, while ICICI still delivers strong returns at 37.72%, comfortably beating the benchmark.
- 2022: ICICI stays positive with 21.09%, while Franklin falters at -1.20%, and the benchmark posts a modest 3.02%.
- 2021: ICICI dominates with a stellar 51.33%, outperforming both Franklin and the benchmark.
- 2020: Franklin shines in a volatile year with 28.65%, compared to ICICI’s 8.95% and the benchmark’s 16.67%.
- 2019: ICICI edges ahead with 7.09%, while Franklin lags slightly at 6.09%.
Key Takeaway:
Franklin delivers outstanding returns in bullish years like 2023, while ICICI shows more resilience during market downturns like 2022.
Best Quarters
The best quarters of Performance for both funds are as follows:
| Period | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Q2 2020 | 28.01% | 26.07% |
| Q4 2020 | 25.70% | 28.69% |
Analysis
- Q2 2020: ICICI takes the lead with 28.01%, compared to Franklin’s 26.07%.
- Q4 2020: Franklin edges out ICICI with 28.69%, just ahead of ICICI’s 25.70%.
Key Takeaway:
ICICI dominates in Q2, but Franklin outshines in Q4.
Worst Quarters:
| Period | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Q1 – 2020 | -32.22% | -28.51% |
| Q2 – 2022 | -5.12% | -8.34% |
Analysis
- Q1 – 2020 (COVID-19 Crash): ICICI experienced a sharper decline at -32.22%, while Franklin showed slightly more resilience with a more minor dip of -28.51%.
- Q2 – 2022 (Market Volatility): ICICI handled volatility better, with a limited loss of -5.12%, compared to Franklin’s more significant drop of -8.34%.
Key Takeaway:
Franklin displayed relative resilience in extreme crashes (2020), but ICICI better managed mid-range volatility in 2022.
Quarterly Results
| Period | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Q3 – 2024 | 10.93% | 5.32% |
| Q2 – 2024 | 8.47% | 21.63% |
| Q1 – 2024 | 7.72% | 7.84% |
| Q4 – 2023 | 10.57% | 17.25% |
| Q3 – 2023 | 12.43% | 13.38% |
| Q2 – 2023 | 14.42% | 14.46% |
| Q1 – 2023 | -3.17% | 1.77% |
| Q4 – 2022 | 6.20% | 1.38% |
| Q3 – 2022 | 13.32% | 15.56% |
| Q2 – 2022 | -5.12% | -9.13% |
| Q1 – 2022 | 4.98% | -8.34% |
| Q4 – 2021 | -3.23% | 0.99% |
| Q3 – 2021 | 16.60% | 10.72% |
| Q2 – 2021 | 12.63% | 7.97% |
| Q1 – 2021 | 15.15% | 5.89% |
Analysis
- Best Quarter (Q2 – 2024): Franklin outshines with 21.63%, almost tripling ICICI’s 8.47%.
- Worst Quarter (Q1 – 2020): Franklin manages the dip slightly better at -28.51%.
- 2023 Performance: Franklin dominates Q1 and Q4, while ICICI holds strong in Q3 and Q2.
Key Takeaway:
Franklin tends to deliver higher returns in bullish quarters, while ICICI demonstrates steady Performance even in less favourable conditions.
Cumulative Performance: Total and Average Returns
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Total Return | 144.75% | 143.63% |
| Average Return | 6.58% | 6.53% |
| Outperformance | 9 | 13 |
Key Takeaway:
- ICICI edges ahead with a slightly higher total return of 144.75% and an average return of 6.58%.
- Franklin outperformed ICICI in 13 quarters, while ICICI led in 9 quarters.
Risk Analysis:
Mean Return, Sortino, and Treynor Ratios
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Mean Return (%) | 26.15% | 27.72% |
| Sortino Ratio | 3.22% | 2.61% |
| Treynor Ratio | 0.26% | 0.20% |
Analysis
- Mean Return: Franklin delivers a higher mean return at 27.72%, compared to ICICI’s 26.15%.
- Sortino Ratio: ICICI leads with 3.22%, indicating better downside risk management.
- Treynor Ratio: ICICI performs better at 0.26%, showcasing higher risk-adjusted returns.
Key Takeaway:
ICICI is the better choice for risk-averse investors, while Franklin may appeal to those prioritizing higher mean returns.
Standard Deviation
| Fund | Standard Deviation (3Y) |
| ICICI Prudential India Opportunities Fund | 12.00 |
| Franklin India Opportunities Fund | 15.19 |
Analysis
- ICICI Prudential India Opportunities Fund shows significantly lower volatility, with a standard deviation of 12.00% compared to Franklin’s 15.19%.
- This indicates that ICICI offers more stable and predictable returns, making it a better choice for risk-averse investors.
Key Takeaway:
Franklin is more volatile, meaning it may deliver more significant swings in returns, while ICICI provides a steadier performance.
Sharpe Ratio
| Fund | Sharpe Ratio (3Y) |
| ICICI Prudential India Opportunities Fund | 1.70 |
| Franklin India Opportunities Fund | 1.45 |
Analysis
- The Sharpe Ratio for ICICI stands at 1.70, higher than Franklin’s 1.45.
- This indicates that ICICI delivers better returns for the risk taken, outperforming Franklin on a risk-adjusted basis.
Key Takeaway:
ICICI provides a superior balance of risk and reward, making it ideal for investors prioritizing efficiency in returns.
Beta:
| Fund | Beta (3Y) |
| ICICI Prudential India Opportunities Fund | 0.82 |
| Franklin India Opportunities Fund | 0.98 |
Analysis
- ICICI has a Beta of 0.82, indicating it is significantly less volatile than the market.
- Franklin’s Beta of 0.98 means it closely mirrors market movements, making it more susceptible to market fluctuations.
Key Takeaway:
ICICI is the more stable option and is suitable for risk-averse investors who want less exposure to market swings.
Alpha:
| Fund | Alpha (3Y) |
| ICICI Prudential India Opportunities Fund | 10.54% |
| Franklin India Opportunities Fund | 10.12% |
Analysis
- ICICI outperforms Franklin with a slightly higher Alpha of 10.54%, indicating superior Performance relative to market benchmarks.
- Franklin’s 10.12% Alpha still shows strong returns above market expectations but falls slightly behind ICICI.
Key Takeaway:
Both funds deliver exceptional outperformance, but ICICI edges ahead with a marginally better Alpha.
Portfolios Analysis
portfolio Overlap Comparison
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Portfolio Overlap Total % | 27.61% | 30.35% |
Analysis
- The portfolio overlap is moderate, with ICICI at 27.61% and Franklin at 30.35%.
- This suggests that while both funds invest in similar themes, they also have unique allocations.
Key Takeaway:
ICICI shows a slightly lower overlap, making it a better choice for diversification within a portfolio that already includes other equity funds.
Portfolio Turnover Ratio
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Portfolio Turnover (%) | 66.00% | 40.07% |
Analysis
- ICICI has a turnover ratio of 66.00%, suggesting more active management.
- Franklin has a lower turnover ratio at 40.07%, indicating a more stable portfolio with less frequent changes.
Key Takeaway:
Franklin is better suited for investors seeking lower portfolio churn and transaction costs. ICICI’s higher turnover ratio reflects active management aimed at capturing short-term opportunities.
Portfolio Composition
| Category | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Equity Allocation | 86.97% | 89.70% |
| Debt Allocation | 2.04% | 0.00% |
| Cash & Cash Equivalents | 10.99% | 10.30% |
Analysis
- Equity Exposure: Franklin has a slightly higher equity allocation at 89.70%, compared to ICICI’s 86.97%, indicating a more aggressive growth strategy.
- Debt Exposure: ICICI allocates 2.04% to debt, providing a cushion against market volatility. Franklin has no debt exposure.
- Cash Holdings: ICICI holds 10.99% in cash equivalents, slightly higher than Franklin’s 10.30%, suggesting a more conservative liquidity strategy.
Key Takeaway:
Franklin is more equity-focused and aggressive, while ICICI balances equity with minimal debt exposure and higher cash reserves.
Market Cap Allocation
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| No. of Stocks | 61 | 58 |
| Large Cap (%) | 59.38% | 36.00% |
| Mid Cap (%) | 15.96% | 10.83% |
| Small Cap (%) | 9.33% | 26.29% |
| Micro Cap (%) | 2.07% | 16.58% |
| Foreign Equity (%) | NA | NA |
Analysis
- ICICI Prudential India Opportunities Fund invests heavily in large-cap stocks (59.38%), indicating a preference for stability and blue-chip companies.
- Franklin India Opportunities Fund focuses more on small-cap (26.29%) and micro-cap stocks (16.58%), highlighting a strategy for high growth and higher risk.
- Both funds maintain a diversified portfolio but differ significantly in their risk profiles based on market cap allocation.
Key Takeaway:
ICICI is safer for risk-averse investors due to its large-cap dominance. Franklin offers higher growth potential with significant small- and micro-cap exposure.
Sector Allocation
| Sector | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| Financial | 36.03% | 12.31% |
| Materials | 7.76% | 5.17% |
| Energy & Utilities | 6.06% | 5.86% |
| Consumer Staples | 6.03% | 3.67% |
| Technology | 5.88% | 19.74% |
| Industrials | 3.28% | 15.00% |
| Healthcare | 15.25% | 15.39% |
| Consumer Discretionary | 6.69% | 12.56% |
Analysis
- ICICI Prudential India Opportunities Fund:
- Focuses heavily on the financial sector (36.03%), often providing stability and steady returns.
- Maintains intense exposure to healthcare (15.25%) and materials (7.76%), indicating a balanced approach.
- Franklin India Opportunities Fund:
- Prioritizes technology (19.74%) and industrials (15.00%), signalling a growth-oriented strategy.
- Lower exposure to financials (12.31%) makes it less defensive in downturns.
Key Takeaway:
ICICI leans toward defensive and balanced sectors, while Franklin focuses on growth sectors like technology and industrials.
Fund Management Comparison
| Fund | Fund Manager | No. of Months |
| ICICI Prudential India Opportunities Fund | Sankaran Naren | 68 |
| Roshan Chutkey | 68 | |
| Sharmila D’mello | 26 | |
| Franklin India Opportunities Fund | R. Janakiraman | 138 |
| Sandeep Manam | 35 | |
| Kiran Sebastian | 31 |
Analysis
- ICICI Prudential India Opportunities Fund:
- Managed by a team of three, with Sankaran Naren and Roshan Chutkey leading for 68 months each.
- Sharmila D’mello brings additional support with 26 months of experience.
- Franklin India Opportunities Fund:
- R. Janakiraman stands out with an impressive 138 months of management experience, offering stability and expertise.
- Sandeep Manam (35 months) and Kiran Sebastian (31 months) bring complementary support.
Key Takeaway:
Franklin benefits from the extensive experience of R. Janakiraman, while ICICI adopts a collaborative approach with balanced experience across multiple managers.
Other Important General Details
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| NAV (₹) | 38.82 | 282.36 |
| AUM (in Cr.) | 23,840 | 5,381 |
| Expense Ratio (%) | 0.57 | 0.51 |
| Benchmark | NIFTY 500 – TRI | NIFTY 500 – TRI |
Analysis
- NAV (Net Asset Value):
- Franklin’s NAV stands at ₹282.36, significantly higher than ICICI’s ₹38.82. While NAV alone isn’t an indicator of Performance, it shows Franklin’s fund price is more mature.
- AUM (Assets Under Management):
- ICICI manages a much larger corpus with ₹23,840 Cr, compared to Franklin’s ₹5,381 Cr. A higher AUM indicates investor confidence and the fund’s ability to attract investments.
- Expense Ratio:
- Franklin has a slight edge with a lower expense ratio of 0.51%, compared to ICICI’s 0.57%. This means Franklin takes a more minor cut for fund management, leaving more returns for investors.
Key Takeaway:
ICICI leads with a larger AUM, showcasing investor trust, while Franklin offers a cost-efficient structure with its lower expense ratio.
Minimum Investment Amount
| Metric | ICICI Prudential India Opportunities Fund | Franklin India Opportunities Fund |
| SIP (₹) | 100 | 500 |
| Lumpsum (₹) | 5,000 | 5,000 |
Analysis
- SIP Minimums: ICICI requires only ₹100, making it more accessible for new and small-scale investors. Franklin’s ₹500 SIP is relatively higher but still reasonable.
- Lumpsum Minimums: Both funds require a ₹5,000 minimum for lumpsum investments, which is standard across mutual funds.
Key Takeaway:
ICICI is ideal for investors who prefer to start small, primarily through SIPs.
In conclusion
The ICICI Prudential India Opportunities Fund and the Franklin India Opportunities Fund excel in growth-oriented investment styles. However, their suitability depends on your risk appetite and financial goals. Franklin outshines with exceptional Performance for short-term gains and aggressive investors, especially in SIP returns and one-year lump sum growth, thanks to its focus on high-growth sectors like technology and small- to micro-cap allocations.
However, ICICI Prudential India Opportunities Fund is the better choice for long-term stability, offering consistent returns, lower volatility (12% standard deviation vs. Franklin’s 15.19%), and superior risk-adjusted returns (Sharpe Ratio of 1.70 vs. 1.45). Additionally, ICICI’s lower SIP minimum of ₹100 makes it more accessible to small investors. At the same time, its higher AUM reflects strong investor trust. For moderate risk-takers seeking balanced growth, ICICI stands out. At the same time, Franklin suits those willing to embrace higher risk for higher returns. Both funds outperform the benchmark consistently. However, ICICI’s steady Performance and risk management make it the all-around winner for diversified portfolios.
Loading ...FAQs: ICICI Prudential India Opportunities Fund vs Franklin India Opportunities Fund
Which fund performs better in the short term: ICICI Prudential or Franklin India Opportunities?
Franklin India Opportunities Fund outperforms ICICI Prudential in the short term, with 66.74% 1-year returns compared to ICICI’s 45.06%. It also excels in SIP returns, delivering 61.54% in 1 year, compared to ICICI’s 47.76%.
Which fund is better for long-term investment?
ICICI Prudential India Opportunities Fund is better for long-term investments, providing consistent returns with 31.82% over 5 years, slightly higher than Franklin’s 30.85%. ICICI also exhibits lower volatility (12% standard deviation) than Franklin (15.19%).
What is the risk level of these funds?
ICICI Prudential India Opportunities Fund: Moderate risk due to its focus on large-cap stocks (59.38%) and lower Beta (0.82).
Franklin India Opportunities Fund: High risk, as it invests heavily in small-cap (26.29%) and micro-cap stocks (16.58%) with a higher beta (0.98).
How do these funds compare in terms of risk-adjusted returns?
ICICI Prudential delivers superior risk-adjusted returns with:
Sharpe Ratio: 1.70 (Franklin: 1.45)
Sortino Ratio: 3.22 (Franklin: 2.61) This makes ICICI ideal for risk-averse investors.
Which fund offers better portfolio diversification?
ICICI Prudential has a lower portfolio overlap of 27.61% compared to Franklin’s 30.35%. This makes ICICI more suitable for diversification within a broader portfolio.
What are the minimum investment requirements?
ICICI Prudential India Opportunities Fund: ₹100 (SIP) and ₹5,000 (lumpsum).
Franklin India Opportunities Fund: ₹500 (SIP) and ₹5,000 (lumpsum).
Which fund is better managed?
Franklin India Opportunities Fund benefits from the extensive experience of R. Janakiraman (138 months as fund manager). ICICI Prudential relies on a collaborative approach, with Sankaran Naren and Roshan Chutkey leading each for 68 months.
Which fund has higher expense efficiency?
Franklin India Opportunities Fund has a lower expense ratio of 0.51%, compared to ICICI Prudential’s 0.57%, leaving more returns for investors.
How do the funds differ in sector allocation?
ICICI Prudential: Focuses on financials (36.03%) and healthcare (15.25%), ensuring stability.
Franklin: Prioritizes technology (19.74%) and industrials (15.00%), targeting high growth.
Which fund is better for consistent rolling returns?
1-Year Rolling Returns: 33.25% (Franklin: 23.56%)
3-Year Rolling Returns: 31.74% (Franklin: 16.91%)
5-Year Rolling Returns: 27.15% (Franklin: 14.63%)
How do the funds perform in bearish and bullish markets?
Bearish Markets: ICICI handles volatility better (e.g., -5.12% in Q2 2022 vs. Franklin’s -9.13%).
Bullish Markets: Franklin outshines in high-growth periods (e.g., 54.86% in 2023 vs. ICICI’s 37.72%)
Which fund has a larger AUM (Assets Under Management)?
ICICI Prudential leads with ₹23,840 Cr, indicating higher investor confidence than Franklin’s ₹5,381 Cr.
What are the key differences in market cap allocation?
ICICI Prudential: Dominates large-cap stocks (59.38%), offering stability.
Franklin: Focuses on small-cap (26.29%) and micro-cap stocks (16.58%), delivering higher growth potential with more risk.
How do the funds compare in calendar year performance?
Franklin excels in bullish years like 2023 (54.86% vs. ICICI’s 37.72%), while ICICI shows resilience in downturns like 2022 (21.09% vs. Franklin’s -1.20%).
Who should invest in these funds?
CICI Prudential India Opportunities Fund: Ideal for moderate risk-takers seeking consistent returns and lower volatility.
Franklin India Opportunities Fund: Suitable for aggressive investors looking for high short-term growth and willing to tolerate higher risk.
Disclaimer:
The information provided in this article is solely the author/advertisers’ opinion and not investment advice – it is provided for educational purposes only. Using this, you agree that the information does not constitute any investment or financial instructions by Ace Equity Research/Mutual Fund Focus/IPO First and the team. Anyone wishing to invest should seek their own independent financial or professional advice. Conduct your research with registered financial advisors before making any investment decisions. Ace Equity Research/ Mutual Fund Focus / IPO First and the team are not accountable for the investment views provided in the article.
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