Hybrid
Direct
Fund Of Funds
NAV as on 05-09-2024
₹ 31.73
▲0.1%
1D
Inception Returns
29.3%
/yr
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.
ICICI Prudential India Equity FOF Fund Direct Growth has given a CAGR return of 29.32% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 48.33% and 25.27% respectively.
ICICI Prudential India Equity FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Tech, Industrial, Consumer Cyclical, Energy, Utilities, Communication, Basic Materials, Consumer Defensive, Real Estate, Government, Securitize.
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 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).
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.
Expense ratio | 1.25% |
Benchmark | BSE 500 TR INR |
AUM | ₹131 Cr |
Inception Date | 26 February, 2020 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 22.36% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Health & Industrial
ICICI Prudential India Equity FOF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.21% | 5.21% |
6 Month Returns | 18.23% | 18.23% |
1 Year Returns | 48.33% | 48.33% |
3 Years Returns | 96.57% | 25.27% |
5 Years Returns | 0% | 0% |
AAA | 100 |