Hybrid
Direct
Equity Savings
NAV as on 06-12-2024
₹ 23.1
1D
Inception Returns
8.7%
/yr
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.
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.
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.
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 benefitGains 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.
Expense ratio | 0.5% |
Benchmark | Nifty Equity Savings Index TR |
AUM | ₹12406 Cr |
Inception Date | 5 December, 2014 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 91.15% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderate Risk |
as on (06-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Consumer Defensive
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% |
AAA | 84.09 |
AA | 15.91 |