ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth

ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth is an equity fund. This fund was started on 9 October, 2020. The fund is managed by Mittul Kalawadia. The fund could potentially beat inflation in the long-run.

1. ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth has ₹1557 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
2. The fund has an expense ratio 1.
   

ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth has given a CAGR return of 21.73% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 34.19% and 16.61% respectively.

ICICI Prudential ESG Exclusionary Strategy Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Communication, Health, Basic Materials, Consumer Defensive, Utilities, Energy. Its top holdings are Sun Pharmaceuticals Industries Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, ICICI Bank Ltd, Inox Wind Ltd

As it is a equity - esg mutual fund the taxation is as follows:
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
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

To generate long-term capital appreciation by investing in a diversified basket of companies identified based on the Environmental, Social and Governance (ESG) theme following Exclusion Strategy.

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