ICICI Prudential BHARAT 22 FOF Fund Direct Growth

ICICI Prudential BHARAT 22 FOF Fund Direct Growth is an equity fund. This fund was started on 29 June, 2018. The fund is managed by Nishit Patel. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential BHARAT 22 FOF Fund Direct Growth has ₹2271 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

ICICI Prudential BHARAT 22 FOF Fund Direct Growth has given a CAGR return of 18.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.42%, 31.27% and 34.82% respectively.

ICICI Prudential BHARAT 22 FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Utilities, Industrial, Financial Services, Energy, Consumer Defensive, Basic Materials. Its top holdings are BHARAT 22 ETF

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.

ICICI Prudential BHARAT 22 FOF (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of BHARAT 22 ETF. 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 BHARAT 22 FOF Fund Direct Growth has no lock in period.