ICICI Prudential BSE 500 ETF FOF Fund Direct Growth

ICICI Prudential BSE 500 ETF FOF Fund Direct Growth is a hybrid fund. This fund was started on 1 December, 2021. The fund is managed by Nishit Patel. This fund gives you the benefit of diversification.

1. ICICI Prudential BSE 500 ETF FOF Fund Direct Growth has ₹123 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

ICICI Prudential BSE 500 ETF FOF Fund Direct Growth has given a CAGR return of 18.86% since inception. Over the last 1 year the fund has given a CAGR return of 36.05%.

ICICI Prudential BSE 500 ETF FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate.

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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

ICICI Prudential S&P BSE 500 ETF FOF (the Scheme) is a Fund of Funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential S&P BSE 500 ETF. There can be no assurance or guarantee that the investment objectives of the Scheme would be achieved.

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 100.00. ICICI Prudential BSE 500 ETF FOF Fund Direct Growth has no lock in period.