Hybrid
Direct
Fund Of Funds
NAV as on 04-11-2024
₹ 64.25
1D
Inception Returns
10%
/yr
ICICI Prudential Income Optimizer Fund FOF Direct Growth is a hybrid fund. This fund was started on 8 April, 2013. The fund is managed by Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat. This fund gives you the benefit of diversification.
ICICI Prudential Income Optimizer Fund FOF Direct Growth has given a CAGR return of 10.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 15.80%, 11.78% and 11.52% respectively.
ICICI Prudential Income Optimizer Fund FOF Direct Growth has allocated its funds majorly in Corporate, Financial Services, Cash Equivalent, Government, Health, Energy, Consumer Cyclical, Consumer Defensive, Tech, Industrial, Utilities, Basic Materials, 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 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 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 Optimizer Fund FOF Direct Growth has no lock in period.
Expense ratio | 1.11% |
Benchmark | CRISIL Composite Bond TR INR |
AUM | ₹278 Cr |
Inception Date | 8 April, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 108.87% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderately High risk |
as on (04-Nov-24)
as on (31-Dec-69)
Top 3 Sectors in September were Corporate, Financial Services & Government
ICICI Prudential Income Optimizer Fund FOF Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.02% | -0.02% |
6 Month Returns | 8.47% | 8.47% |
1 Year Returns | 15.8% | 15.8% |
3 Years Returns | 39.66% | 11.78% |
5 Years Returns | 72.49% | 11.52% |
AAA | 82.42 |
AA | 17.58 |