ICICI Prudential Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 14-11-2024
₹ 22.9
Inception Returns
8.7%
/yr
About ICICI Prudential Equity Savings Fund Direct Growth
ICICI Prudential Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 5 December, 2014. The fund is managed by Dharmesh Kakkad, Manish Banthia, Ritesh Lunawat. This fund gives you the benefit of diversification.
Key Parameters
- ICICI Prudential Equity Savings Fund Direct Growth has ₹12406 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.5.
Returns
ICICI Prudential Equity Savings Fund Direct Growth has given a CAGR return of 8.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.41%, 8.74% and 8.77% respectively.
Holdings
ICICI Prudential Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Energy, Consumer Cyclical, Consumer Defensive, Health, Tech, Basic Materials, Government, Utilities, Corporate, Industrial, Communication, Real Estate.
Taxation
As it is a equity savings 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 Equity Savings Fund Direct Growth
The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However there can be no assurance that the investment objectives of the scheme will be realized
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. ICICI Prudential Equity Savings Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for ICICI Prudential Equity Savings Fund Direct Growth
ICICI Prudential Equity Savings Fund Direct Growth Overview
| Expense ratio | 0.5% |
Benchmark | Nifty Equity Savings Index TR |
| AUM | ₹12406 Cr |
| Inception Date | 5 December, 2014 |
| Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 91.15% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderate Risk |
Trailing Returns
as on (14-Nov-24)
Fund Distribution
as on (31-Oct-24)
- AUM of the fund stands at 12.4K Cr as of Oct'24
- AUM increased by 238.2 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Consumer Defensive
Mutual Fund Insights
ICICI Prudential Equity Savings Fund Direct Growth Highlights
Moderate Risk
About the fund
Fund Allocations
AUM size ₹12406 Cr
Expense Ratio 0.5%
Frequently Asked Questions for ICICI Prudential Equity Savings Fund Direct Growth
ICICI Prudential Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.48% | -0.48% |
6 Month Returns | 5.48% | 5.48% |
1 Year Returns | 10.41% | 10.41% |
3 Years Returns | 28.58% | 8.74% |
5 Years Returns | 52.26% | 8.77% |
- Click Buy on the fund name.
- 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.
AAA | 80.16 |
AA | 19.84 |