ICICI Prudential Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV: ₹ 21.64 as on 02-05-2024
About the Fund
ICICI Prudential Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 5 December, 2014. The fund is managed by Ritesh Lunawat, Manish Banthia, Dharmesh Kakkad. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential Equity Savings Fund Direct Growth has ₹9663 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Fund Performance
579 people have invested ₹ 8.4Cr in ICICI Prudential Equity Savings Fund Direct Growth in the last three months
Overview
 | 0.5% |
 Benchmark | Nifty Equity Savings Index TR |
 | ₹9663 Cr |
 | 5 December, 2014 |
 | ₹5000/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 91.15% |
ICICI Prudential Equity Savings Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
61%
Mid cap
0.7%
Sector Allocation
Financial Services
25%
Consumer Defensive
16.1%
Consumer Cyclical
12.2%
Tech
10.4%
Energy
8.4%
Health
7.2%
Basic Materials
7%
Utilities
6.8%
Industrial
6.4%
Communication
0.6%
Top Holdings of ICICI Prudential Equity Savings Fund Direct Growth as on (30-Apr-24)
Equity Holdings47
Debt Holdings18
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ITC Ltd | 6.45% | 84.1% | |
 HDFC Bank Ltd | 5.84% | 0% | |
 Hindustan Unilever Ltd | 5.69% | 14.6% | |
 Infosys Ltd | 5.26% | 23.4% | |
 Tata Motors Ltd Class A | 4.46% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 9.7K Cr as of Mar'24
- AUM increased by 234.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.74% return, outperforming this fund by 5.11% per annum.
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.32% return, outperforming this fund by 12.91%.
Over the last 6 months, this fund has experienced a 36.7% growth in AUM moving from 7.06K Cr to 9.66K Cr.
Over the last 6 months, this fund has increased expense ratio by 11.1% moving from 0.45 to 0.50.
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 0.5% which is lower than the category average expense ratio of 1.06%.
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.89% return, outperforming this fund by 6.05% per annum.
INDmoney Rank
Powered by IND quant engine
1
/8
22% Performance
107% Risk Management
71% Cost
1 out of 8 among equity savings
Peer Analysis
Fund Manager
Ritesh Lunawat
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 29 December 2020
Top funds managed
Manish Banthia
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 5 December 2014
Top funds managed
Dharmesh Kakkad
Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth, since 23 February 2021
Top funds managed
ICICI Prudential Equity Savings Fund Direct Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.57% since inception which is more than its category average return of 8.05%
Fund Allocations
This fund has an allocation of 18.83% in Equity, 13.11% in Debt and 68.06% in Cash related instruments
AUM size ₹9663 Cr
This fund has AUM of ₹9663 Cr which is more than its category average of ₹ 1220 Cr
Expense Ratio 0.5%
This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of ICICI Prudential Equity Savings Fund Direct Growth is ₹21.64 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
ICICI Prudential Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.28% | 0.28% |
6 Month Returns | 5.14% | 5.14% |
1 Year Returns | 11.41% | 11.41% |
3 Years Returns | 28.91% | 8.83% |
5 Years Returns | 51.33% | 8.64% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.5% as on April 2024
₹9663 Cr as on April 2024
ITC Ltd(6.45%), HDFC Bank Ltd(5.84%), Hindustan Unilever Ltd(5.69%), Infosys Ltd(5.26%), Tata Motors Ltd Class A(4.46%) as on April 2024
Cash Equivalent(65.34%), Government(10.25%), Financial Services(4.71%) as on April 2024
AAA | 87.6 |
AA | 12.4 |
Ritesh Lunawat, Manish Banthia, Dharmesh Kakkad are the fund managers of ICICI Prudential Equity Savings Fund Direct Growth
The Exit load of ICICI Prudential Equity Savings Fund Direct Growth is 0.25%