ICICI Prudential Equity Arbitrage Fund Direct Growth

ICICI Prudential Equity Arbitrage Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Archana Nair, Ajaykumar Solanki, Darshil Dedhia, Nikhil Kabra, Sharmila D’mello. This fund gives you the benefit of diversification.

1. ICICI Prudential Equity Arbitrage Fund Direct Growth has ₹31526 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Equity Arbitrage Fund Direct Growth has given a CAGR return of 7.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.44%, 7.65% and 6.27% respectively.

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

As it is a arbitrage fund 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).

To generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in debt and money market instruments. 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 Equity Arbitrage Fund Direct Growth has no lock in period.