ICICI Prudential Retirement Fund Hybrid Aggressive Direct Growth

ICICI Prudential Retirement Fund Hybrid Aggressive Direct Growth is a hybrid fund. This fund was started on 28 February, 2019. The fund is managed by Chandni Gupta, Lalit Kumar. This fund gives you the benefit of diversification.

1. ICICI Prudential Retirement Fund Hybrid Aggressive Direct Growth has ₹548 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
2. The fund has an expense ratio 0.9.
   

ICICI Prudential Retirement Fund Hybrid Aggressive Direct Growth has given a CAGR return of 19.73% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.54%, 22.86% and 20.67% respectively.

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

As it is a retirement 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).

An open ended hybrid scheme predominantly investing in equity and equity related securities to generate capital appreciation. The scheme may also invest in Debt, Gold/Gold ETF/units of REITs & InvITs and such other asset classes as may be permitted from time to time for income generation / wealth creation. However, there is 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 100.00. There is a lock in period for ICICI Prudential Retirement Fund Hybrid Aggressive Direct Growth of 5 Years