ICICI Prudential Equity Savings Fund Direct Growth

ICICI Prudential Equity Savings Fund Direct Growth

Hybrid

Direct

Equity Savings

NAV as on 06-12-2024

₹ 23.1

-0.1%

1D

Inception Returns

8.7%

/yr

About 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 Ritesh Lunawat, Manish Banthia, Dharmesh Kakkad. This fund gives you the benefit of diversification.

Key Parameters

  1. ICICI Prudential Equity Savings Fund Direct Growth has ₹12406 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 0.5.

Returns

ICICI Prudential Equity Savings Fund Direct Growth has given a CAGR return of 8.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.32%, 9.41% and 8.86% respectively.

Holdings

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

Taxation

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).

Investment objective of ICICI Prudential Equity Savings Fund Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
806 people have invested ₹ 7.5Cr in ICICI Prudential Equity Savings Fund Direct Growth in the last three months

INDmoney Rank for ICICI Prudential Equity Savings Fund Direct Growth

Powered by IND quant engine
1
/12
8% Performance
112% Risk Management
85% Cost
1 out of 12 among equity savings

ICICI Prudential Equity Savings Fund Direct Growth Overview

Expense ratio0.5%
Benchmark
Nifty Equity Savings Index TR
AUM₹12406 Cr
Inception Date5 December, 2014
Min Lumpsum/SIP₹5000/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
91.15%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
ICICI Prudential Equity Savings Fund Direct Growth
Equity Savings Index
1M
0.5%
0.9%
3M
1.2%
1.1%
6M
5.3%
6%
1Y
10.3%
13.3%
3Y
9.4%
9.8%
5Y
8.9%
10.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 18.2%

  • Debt & Cash 81.8%

Large cap
74.9%

Mid cap
1%

Small cap
0.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
24.9%
Energy
12.4%
Consumer Cyclical
10.7%
Consumer Defensive
10.7%
Health
9.6%
Tech
9.4%
Basic Materials
7.9%
Utilities
6%
Industrial
5.1%
Communication
2.7%
Real Estate
0.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 12.4K Cr
₹ 12.2K Cr
₹ 11.4K Cr
  • AUM of the fund stands at 12.4K Cr as of Oct'24
  • AUM increased by 238.2 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Consumer Defensive

Oct'24
Financial Services
25%
Energy
12%
Consumer Cyclical
11%
Sep'24
Financial Services
22%
Consumer Cyclical
12%
Consumer Defensive
11%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
129
149
117
Top 5 Company Concentration
26.3%
24.8%
22.4%
Company having highest exposure
Reliance Industries Ltd (7.5%)
Reliance Industries Ltd (6.4%)
HDFC Bank Ltd (5.9%)
No of Sectors
13
13
13
Top 5 Sectors Concentration
68.4%
65.7%
66.6%
Sector having highest exposure
Financial Services (24.9%)
Financial Services (22.1%)
Financial Services (24.2%)
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Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 29 December 2020
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 5 December 2014
Dharmesh Kakkad
Dharmesh Kakkad
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 23 February 2021
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

Mutual Fund Insights

Insights icon
In the last 3 years, HSBC Equity Savings Direct Plan Growth Plan has given 15.11% return, outperforming this fund by 5.71% per annum.
Insights icon
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 25.85% return, outperforming this fund by 15.53%.
Insights icon
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.95% return, outperforming this fund by 6.09% per annum.
Insights icon
Over the last 15 months, this fund has increased expense ratio by 11.1% moving from 0.45 to 0.50.
Insights icon
Over the last 6 months, this fund has experienced a 22.6% growth in AUM moving from 10.11K Cr to 12.40K Cr.
Insights icon
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 1.05%.

ICICI Prudential Equity Savings Fund Direct Growth Highlights

Risk meter
pointer

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 8.73% since inception which is more than its category average return of 8.52%
Fund Allocations

Fund Allocations

This fund has an allocation of 18.17% in Equity, 9.32% in Debt and 72.49% in Cash related instruments
AUM size ₹12406 Cr

AUM size ₹12406 Cr

This fund has AUM of ₹12406 Cr which is more than its category average of ₹ 1704 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 1.13%

Frequently Asked Questions for ICICI Prudential Equity Savings Fund Direct Growth

The current NAV of ICICI Prudential Equity Savings Fund Direct Growth is ₹23.1 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ICICI Prudential Equity Savings Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.48%
0.48%
6 Month Returns
5.29%
5.29%
1 Year Returns
10.32%
10.32%
3 Years Returns
30.95%
9.41%
5 Years Returns
52.88%
8.86%
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 November 2024
₹12406 Cr as on November 2024
ICICI Pru Money Market Dir Gr(8.46%), Reliance Industries Ltd(7.49%), HDFC Bank Ltd(6.93%), ITC Ltd(4.57%), Sun Pharmaceuticals Industries Ltd(4.21%) as on November 2024
Cash Equivalent(70.83%), Government(6.38%), Corporate(4.62%) as on November 2024
AAA
84.09
AA
15.91
Ritesh Lunawat, Manish Banthia, 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%