ICICI Prudential Equity Savings Fund Direct Growth

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.

1. ICICI Prudential Equity Savings Fund Direct Growth has ₹10622 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
2. The fund has an expense ratio 0.5.
   

ICICI Prudential Equity Savings Fund Direct Growth has given a CAGR return of 8.77% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.07%, 9.21% and 9.12% respectively.

ICICI Prudential Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Consumer Defensive, Government, Tech, Health, Communication, Energy, Utilities, Industrial, Basic Materials, Securitize, Corporate.

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However there can be no assurance that the investment objectives of the scheme will be realized

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Equity Savings Fund Direct Growth has no lock in period.