ICICI Prudential Equity & Debt Fund Direct Growth

ICICI Prudential Equity & Debt Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Nikhil Kabra, Mittul Kalawadia, Manish Banthia, Sankaran Naren. This fund gives you the benefit of diversification.

1. ICICI Prudential Equity & Debt Fund Direct Growth has ₹39091 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
2. The fund has an expense ratio 1.
   

ICICI Prudential Equity & Debt Fund Direct Growth has given a CAGR return of 18.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.31%, 23.62% and 24.70% respectively.

ICICI Prudential Equity & Debt Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Government, Financial Services, Consumer Cyclical, Utilities, Energy, Health, Industrial, Communication, Consumer Defensive, Tech, Basic Materials, Real Estate.

As it is a aggressive allocation 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).

To generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income securities. However, there is 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 100.00. ICICI Prudential Equity & Debt Fund Direct Growth has no lock in period.