ICICI Prudential Long Term Bond Fund Direct Growth

ICICI Prudential Long Term Bond Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Manish Banthia. This fund is suitable to keep your money safe.

1. ICICI Prudential Long Term Bond Fund Direct Growth has ₹1112 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.4.
   

ICICI Prudential Long Term Bond Fund Direct Growth has given a CAGR return of 8.40% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.02%, 9.67% and 6.02% respectively.

ICICI Prudential Long Term Bond Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Corporate, Energy, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.18% Govt Stock 2037, 6.92% Govt Stock 2039, 7.23% Govt Stock 2039, The Great Eastern Shipping Company Limited

As it is a long duration 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 through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. 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 Long Term Bond Fund Direct Growth has no lock in period.