Hybrid
Direct
Fund Of Funds
NAV as on 06-09-2024
₹ 33.74
1D
Inception Returns
21.7%
/yr
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.
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.
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.
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).
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.
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 |
as on (06-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Utilities, Industrial & Financial Services
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% |