ICICI Prudential Equity Minimum Variance Fund Direct Growth

ICICI Prudential Equity Minimum Variance Fund Direct Growth is an equity fund. This fund was started on 6 December, 2024. The fund is managed by Vaibhav Dusad. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential Equity Minimum Variance Fund Direct Growth has ₹2446 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
2. The fund has an expense ratio 0.7.
   

ICICI Prudential Equity Minimum Variance Fund Direct Growth has given a CAGR return of -7.20% since inception.

ICICI Prudential Equity Minimum Variance Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Securitize, Tech, Consumer Defensive, Health, Consumer Cyclical, Utilities, Energy, Basic Materials, Communication, Industrial, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Tata Consultancy Services Ltd, State Bank of India, Axis Bank Ltd

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.

To generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Equity Minimum Variance Fund Direct Growth has no lock in period.