ICICI Prudential Equity Savings Fund Direct Growth

ICICI Prudential Equity Savings Fund Direct Growth

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Hybrid
Direct
Equity Savings
NAV: ₹ 21.83 as on 24-05-2024

About the Fund

ICICI Prudential Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 5 December, 2014. The fund is managed by Manish Banthia, Ritesh Lunawat, Dharmesh Kakkad. This fund gives you the benefit of diversification.

Key Parameters

  1. ICICI Prudential Equity Savings Fund Direct Growth has ₹10118 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.
Fund Performance
zero opening, trading, fund transfer fee
590 people have invested ₹ 8.4Cr in ICICI Prudential Equity Savings Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.5%
Benchmark
Benchmark
Nifty Equity Savings Index TR
AUM
AUM
₹10118 Cr
Inception Date
Inception Date
5 December, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹100
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
91.15%

ICICI Prudential Equity Savings Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 18.1%

  • Debt & Cash 81.9%

Size breakup

Large cap
61%
Mid cap
0.7%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
25.4%
Consumer Defensive
14%
Consumer Cyclical
11.8%
Health
10.1%
Tech
10%
Energy
8.1%
Utilities
7%
Basic Materials
7%
Industrial
6%
Communication
0.6%

Top Holdings of ICICI Prudential Equity Savings Fund Direct Growth as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings46
Debt Holdings15

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 10.1K Cr
₹ 9.7K Cr
₹ 9.4K Cr
  • AUM of the fund stands at 10.1K Cr as of Apr'24
  • AUM increased by 454.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

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In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.88% return, outperforming this fund by 5.13% per annum.
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This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.5% which is lower than the category average expense ratio of 1.06%.
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In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.29% return, outperforming this fund by 13.03%.
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Over the last 6 months, this fund has experienced a 38.1% growth in AUM moving from 7.32K Cr to 10.11K Cr.
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Over the last 1 year, this fund has decreased expense ratio by 7.4% moving from 0.54 to 0.50.
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In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.34% return, outperforming this fund by 5.56% per annum.

INDmoney Rank

Powered by IND quant engine
2
/8
7% Performance
95% Risk Management
69% Cost
2 out of 8 among equity savings

Fund Manager

Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 5 December 2014
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 29 December 2020
Dharmesh Kakkad
Dharmesh Kakkad
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 23 February 2021

ICICI Prudential Equity Savings Fund Direct Growth Highlights

Risk meter
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Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.6% since inception which is more than its category average return of 8.1%
Fund Allocations

Fund Allocations

This fund has an allocation of 18.11% in Equity, 13.73% in Debt and 68.15% in Cash related instruments
AUM size ₹10118 Cr

AUM size ₹10118 Cr

This fund has AUM of ₹10118 Cr which is more than its category average of ₹ 1280 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.15%

Frequently Asked Questions

The current NAV of ICICI Prudential Equity Savings Fund Direct Growth is ₹21.83 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
ICICI Prudential Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.69%
0.69%
6 Month Returns
4.75%
4.75%
1 Year Returns
11.26%
11.26%
3 Years Returns
28.71%
8.78%
5 Years Returns
52.13%
8.75%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.5% as on April 2024
₹10118 Cr as on April 2024
Sun Pharmaceuticals Industries Ltd(6.33%), HDFC Bank Ltd(5.85%), Hindustan Unilever Ltd(5.69%), Infosys Ltd(5.25%), ITC Ltd(4.95%) as on April 2024
Cash Equivalent(67.76%), Government(9.13%), Financial Services(4.61%) as on April 2024
AAA
86.74
AA
13.26
Manish Banthia, Ritesh Lunawat, Dharmesh Kakkad are the fund managers of ICICI Prudential Equity Savings Fund Direct Growth
The Exit load of ICICI Prudential Equity Savings Fund Direct Growth is 0.25%