ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth

ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth is an equity fund. This fund was started on 20 September, 2021. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth has ₹953 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.5.
   

ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth has given a CAGR return of 11.58% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -3.01% and 22.57% respectively.

ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Defensive, Tech, Consumer Cyclical, Basic Materials, Financial Services, Communication, Industrial. Its top holdings are ICICI Pru Nifty Alpha Low Vol 30 ETF

As it is a equity - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The fund is a Fund of Funds scheme with the primary objective to generate returns by investing in units of the fund. There can be no assurance or guarantee that the investment objectives of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. ICICI Prudential Nifty Alpha Low Volatility 30 ETF FOF Fund Direct Growth has no lock in period.