ICICI Prudential PSU Equity Fund Direct Growth

ICICI Prudential PSU Equity Fund Direct Growth is an equity fund. This fund was started on 12 September, 2022. The fund is managed by Sharmila D’mello, Antariksha Banerjee. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential PSU Equity Fund Direct Growth has ₹1870 Cr worth of assets under management (AUM) as on Sep 2025 and is more than category average.
2. The fund has an expense ratio 0.9.
   

ICICI Prudential PSU Equity Fund Direct Growth has given a CAGR return of 28.99% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -3.32% and 28.97% respectively.

ICICI Prudential PSU Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Utilities, Energy, Industrial, Government, Basic Materials. Its top holdings are State Bank of India, NTPC Ltd, Oil & Natural Gas Corp Ltd, Power Grid Corp Of India Ltd, Indian Oil Corp Ltd

As it is a equity - other mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs).

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential PSU Equity Fund Direct Growth has no lock in period.