ICICI Prudential Constant Maturity Gilt Growth

ICICI Prudential Constant Maturity Gilt Growth is a debt fund. This fund was started on 12 September, 2014. The fund is managed by Manish Banthia. This fund is suitable to keep your money safe.

1. ICICI Prudential Constant Maturity Gilt Growth has ₹2551 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Constant Maturity Gilt Growth has given a CAGR return of 8.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.08%, 9.14% and 6.22% respectively.

ICICI Prudential Constant Maturity Gilt Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, 6.64% Govt Stock 2035, 7.1% Govt Stock 2034, 7.18% Govt Stock 2037, 6.19% Govt Stock 2034

As it is a 10 yr government bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

To generate income primarily by investing in portfolio of Government Securities while maintaining constant maturity of the portfolio at 10 years. 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 Constant Maturity Gilt Growth has no lock in period.