3 Year return

9.22%
Launched on November 2014 (10 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

Low to Moderate Risk

Your principal will be at

Moderately Low Risk

Scheme Information

Asset Under Management

₹10621.99 Cr.

Expense Ratio

0.5% (inclusive of GST)

Exit Load

If 10% of the units (the Limit) purchased or switched in from another scheme of the Fund are redeemed or switched out within 7 days from the date of allotment - Nil 0.25% - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 7 days from the date of allotment. Nil - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 7 days from the date of allotment.

Ratings

ARQ Rating
2.5

Ratings by other agencies

3
0
3

Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

KE

Kayzad Eghlim

Fund Manager since Apr 2022

View Details

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹777,435.79 Cr.
No. of Schemes 296
Setup Date June 1993

Peer Comparison

Comparison with other similar funds

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

About ICICI Prudential Equity Savings Fund Direct Plan Cumulative Option

ICICI Prudential Equity Savings Fund Direct Growth is an open-ended Mutual Fund Scheme offered by ICICI Prudential Mutual Fund. Categorised under Equity Savings, this fund aims to strike a balance between generating regular income and achieving long-term capital appreciation. One notable aspect of this scheme is its low expense ratio, making it a cost-effective investment option within its category. Additionally, the fund offers the flexibility of no lock-in period, providing investors with the freedom to redeem their investments at any time.

Investment Objective of the Scheme

The primary investment objective of ICICI Prudential Equity Savings Fund Direct Growth is to generate regular income by investing in fixed income securities and implementing arbitrage and other derivative strategies. These fixed income instruments offer stable returns, while the arbitrage and derivatives strategies aim to capitalise on price discrepancies in the market to enhance overall returns. Moreover, a portion of the fund's assets is also invested in equity and equity-related instruments, with the intention of achieving long-term capital appreciation.

Key Features of The Fund

5-year return 9.08%
Expense Ratio 0.5%
Fund Manager Kayzad Eghlim
Fund Size ₹10621.99 Cr
Risk Profile Moderately Low

Is This Scheme Right for Me?

ICICI Prudential Equity Savings Fund Direct Growth is suitable for investors who are looking for a balanced investment approach with a moderate to low risk profile. The fund's strategy of investing in a combination of fixed income securities and equity instruments aims to provide stability while also offering potential growth opportunities. Investors seeking a relatively stable income stream and long-term capital growth may find this scheme aligning with their investment objectives.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of ICICI Prudential Equity Savings Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential Equity Savings Fund Jul 22 2024 is 22.47

What is the AUM of ICICI Prudential Equity Savings Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential Equity Savings Fund is 10621.99 crore.

What is the expense ratio of ICICI Prudential Equity Savings Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential Equity Savings Fund is 0.5%

What are the returns of ICICI Prudential Equity Savings Fund since inception?

The ICICI Prudential Equity Savings Fund was launched on Nov 18 2014. The fund has delivered a CAGR of 8.76 since inception.

What is the minimum SIP amount to invest in ICICI Prudential Equity Savings Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential Equity Savings Fund is 100.

How do I invest in ICICI Prudential Equity Savings Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential Equity Savings Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential Equity Savings Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential Equity Savings Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.