ICICI Prudential India Equity FOF Fund Direct Growth

ICICI Prudential India Equity FOF Fund Direct Growth is a hybrid fund. This fund was started on 26 February, 2020. The fund is managed by Dharmesh Kakkad. This fund gives you the benefit of diversification.

1. ICICI Prudential India Equity FOF Fund Direct Growth has ₹158 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 1.2.
   

ICICI Prudential India Equity FOF Fund Direct Growth has given a CAGR return of 23.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.55%, 18.00% and 29.79% respectively.

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

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The primary objective of the Scheme is to generate returns from predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund (s)) which invest in equity and equity related securities. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. ICICI Prudential India Equity FOF Fund Direct Growth has no lock in period.