Hybrid
Direct
Retirement
NAV as on 29-10-2024
₹ 32.89
▲0.7%
1D
Inception Returns
23.2%
/yr
ICICI Prudential Retirement Fund Pure Equity Direct Growth is a hybrid fund. This fund was started on 28 February, 2019. The fund is managed by Lalit Kumar, Manish Banthia. This fund gives you the benefit of diversification.
ICICI Prudential Retirement Fund Pure Equity Direct Growth has given a CAGR return of 23.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 50.69%, 25.38% and 26.09% respectively.
ICICI Prudential Retirement Fund Pure Equity Direct Growth has allocated its funds majorly in Cash Equivalent, Basic Materials, Financial Services, Industrial, Consumer Cyclical, Communication, Tech, Real Estate, Health, Energy, Consumer Defensive.
As it is a retirement 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).
To generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the plan would be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 100.00. There is a lock in period for ICICI Prudential Retirement Fund Pure Equity Direct Growth of 5 Years
Expense ratio | 0.73% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹1035 Cr |
Inception Date | 28 February, 2019 |
Min Lumpsum/SIP | ₹5000/₹100 |
Exit Load | 0% |
Lock In | 5 Years |
TurnOver | 66.55% |
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 (29-Oct-24)
as on (30-Sep-24)
Top 3 Sectors in September were Basic Materials, Financial Services & Industrial
ICICI Prudential Retirement Fund Pure Equity Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.41% | -6.41% |
6 Month Returns | 7.78% | 7.78% |
1 Year Returns | 50.69% | 50.69% |
3 Years Returns | 97.11% | 25.38% |
5 Years Returns | 218.71% | 26.09% |