ICICI Prudential Income Optimizer Fund FOF Direct Growth

ICICI Prudential Income Optimizer Fund FOF Direct Growth

Hybrid

Direct

Fund Of Funds

NAV as on 04-11-2024

₹ 64.25

-0.1%

1D

Inception Returns

10%

/yr

About ICICI Prudential Income Optimizer Fund FOF Direct Growth

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.

Key Parameters

  1. ICICI Prudential Income Optimizer Fund FOF Direct Growth has ₹278 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 1.1.

Returns

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.

Holdings

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.

Taxation

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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of ICICI Prudential Income Optimizer Fund FOF Direct Growth

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 and lockin period

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
42 people have invested ₹ 3.8L in ICICI Prudential Income Optimizer Fund FOF Direct Growth in the last three months

ICICI Prudential Income Optimizer Fund FOF Direct Growth Overview

Expense ratio1.11%
Benchmark
CRISIL Composite Bond TR INR
AUM₹278 Cr
Inception Date8 April, 2013
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
108.87%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderately High risk

Trailing Returns

as on (04-Nov-24)

Period
ICICI Prudential Income Optimizer Fund FOF Direct Growth
Fund of Funds Index
1M
-0%
-
3M
2.2%
-
6M
8.5%
-
1Y
15.8%
-
3Y
11.8%
-
5Y
11.5%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 18.9%

  • Debt & Cash 80.9%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
39%
Health
8.1%
Consumer Defensive
8%
Consumer Cyclical
7.9%
Tech
7.4%
Industrial
6.9%
Energy
6.2%
Utilities
5.5%
Basic Materials
5.3%
Communication
4.3%
Real Estate
1.5%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 277.6 Cr
₹ 274.7 Cr
₹ 274.8 Cr
  • AUM of the fund stands at 277.6 Cr as of Sep'24
  • AUM increased by 3 Cr between Sep'24 and Aug'24

Top 3 Sectors in September were Corporate, Financial Services & Government

Sep'24
Corporate
40%
Financial Services
39%
Government
27%
Aug'24
Corporate
44%
Financial Services
35%
Government
29%
  • Debt & Cash

Holdings
Weight%
1M Change
ICICI Pru Short Term Dir Gr
ICICI Pru Short Term Dir Gr
54.83%
0%
ICICI Pru Equity Savings Dir Gr
ICICI Pru Equity Savings Dir Gr
27.14%
55.3%
ICICI Pru Exports and Services Dir Gr
ICICI Pru Exports and Services Dir Gr
11.28%
0%
ICICI Pru Banking & Fin Svcs Dir Gr
ICICI Pru Banking & Fin Svcs Dir Gr
4.47%
-30.8%
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Dharmesh Kakkad
Dharmesh Kakkad
Fund Manager of ICICI Prudential Income Optimizer Fund FOF Direct Growth, since 28 May 2018
Manish Banthia
Manish Banthia
Fund Manager of ICICI Prudential Income Optimizer Fund FOF Direct Growth, since 16 June 2017
Ritesh Lunawat
Ritesh Lunawat
Fund Manager of ICICI Prudential Income Optimizer Fund FOF Direct Growth, since 29 December 2020
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-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
This fund expense ratio is slightly on the higher side within the category (fund of funds). Its expense ratio is 1.11% which is higher than the category average expense ratio of 1.04%.
Insights icon
In the last 1 year, Nippon India Nifty Next 50 Junior BeES FoF Direct Growth has given 55.54% return, outperforming this fund by 39.74%.
Insights icon
In the last 3 years, ICICI Prudential BHARAT 22 FOF Direct Growth has given 34.36% return, outperforming this fund by 22.58% per annum.
Insights icon
In the last 5 years, ICICI Prudential Thematic Advantage Fund(FOF) Direct Plan Growth has given 25.55% return, outperforming this fund by 14.03% per annum.

ICICI Prudential Income Optimizer Fund FOF Direct Growth Highlights

Risk meter
pointer

Moderately High risk

Investors understand that their principal will be at Moderately High risk
About the fund

About the fund

This fund has delivered an average annual returns of 10.01% since inception which is less than its category average return of 11.24%
Fund Allocations

Fund Allocations

This fund has an allocation of 18.93% in Equity, 49.93% in Debt and 31% in Cash related instruments
AUM size ₹278 Cr

AUM size ₹278 Cr

This fund has AUM of ₹278 Cr which is less than its category average of ₹ 714 Cr
Expense Ratio 1.11%

Expense Ratio 1.11%

This fund has an expense ratio of 1.11% which is more than its category average expense ratio of 0.78%

Frequently Asked Questions for ICICI Prudential Income Optimizer Fund FOF Direct Growth

The current NAV of ICICI Prudential Income Optimizer Fund FOF Direct Growth is ₹64.25 as on 04-Nov-2024.
Existing (Absolute + CAGR) as on 04-Nov-2024.
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%
With INDmoney, the process of investing is very simple and involves zero commission.
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1.11% as on October 2024
₹278 Cr as on October 2024
Corporate(32.34%), Cash Equivalent(28.07%), Government(20.64%) as on October 2024
AAA
82.42
AA
17.58
Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat are the fund managers of ICICI Prudential Income Optimizer Fund FOF Direct Growth
The Exit load of ICICI Prudential Income Optimizer Fund FOF Direct Growth is 1%