ICICI Prudential BHARAT 22 FOF Fund Direct Growth
Hybrid
Direct
Fund Of Funds
NAV as on 06-09-2024
₹ 33.74
1D
Inception Returns
21.7%
/yr
About the Fund
ICICI Prudential BHARAT 22 FOF Fund Direct Growth is a hybrid fund. This fund was started on 29 June, 2018. The fund is managed by Nishit Patel. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential BHARAT 22 FOF Fund Direct Growth has ₹1897 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.1.
Returns
ICICI Prudential BHARAT 22 FOF Fund Direct Growth has given a CAGR return of 21.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 58.35%, 39.44% and 27.55% respectively.
Holdings
ICICI Prudential BHARAT 22 FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Utilities, Financial Services, Industrial, Energy, Consumer Defensive, Basic Materials.
Taxation
As it is a fund of funds 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of ICICI Prudential BHARAT 22 FOF Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.12% |
Benchmark | BSE Bharat 22 TR INR |
| AUM | ₹1897 Cr |
| Inception Date | 29 June, 2018 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 29.76% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 1.9K Cr as of Jul'24
- AUM increased by 319.8 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Utilities, Industrial & Financial Services
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 BHARAT 22 ETF | 99.97% | 11% |
Mutual Fund Insights
ICICI Prudential BHARAT 22 FOF Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.12%
Frequently Asked Questions
ICICI Prudential BHARAT 22 FOF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.86% | 0.86% |
6 Month Returns | 10.1% | 10.1% |
1 Year Returns | 58.35% | 58.35% |
3 Years Returns | 171.14% | 39.44% |
5 Years Returns | 237.65% | 27.55% |
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- 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.