ICICI Prudential Income plus Arbitrage Active FOF Fund Direct Growth

ICICI Prudential Income plus Arbitrage Active FOF Fund Direct Growth is a hybrid fund. This fund was started on 8 April, 2013. The fund is managed by Ritesh Lunawat, Manish Banthia. This fund gives you the benefit of diversification.

1. ICICI Prudential Income plus Arbitrage Active FOF Fund Direct Growth has ₹265 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.9.
   

ICICI Prudential Income plus Arbitrage Active FOF Fund Direct Growth has given a CAGR return of 9.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.35%, 12.46% and 13.94% respectively.

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

As it is a fund of funds 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary objective of the Scheme is to generate regular income by predominantly investing in debt oriented schemes. The Scheme will also invest in equity oriented & hybrid oriented schemes with an aim to generate capital appreciation. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. ICICI Prudential Income plus Arbitrage Active FOF Fund Direct Growth has no lock in period.