3 Year return
9.15%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately Low Risk
Asset Under Management
₹12436.92 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.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
ICICI Prudential Mutual Fund Managers
KE
Kayzad Eghlim
Fund Manager since Apr 2022
Fund House Details
ICICI Prudential Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
HSBC Equity Savings Fund Direct Growth |
15.01% |
3 |
HSBC Equity Savings Fund |
15.01% |
3 |
Sundaram Equity Savings Fund (Formerly Known as Principal Equity Savings Fund) Direct Plan Growth |
12.32% |
5 |
Schemes by ICICI Prudential Mutual Fund
List of mutual fund schemes by AMC
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Growth
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan IDCW Payout
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan IDCW Reinvestment
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Annual IDCW Payout
Debt . Dynamic Bond
ICICI Prudential All Seasons Bond Fund Direct Plan Annual IDCW Reinvestment
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 | 8.8% |
Expense Ratio | 0.5% |
Fund Manager | Kayzad Eghlim |
Fund Size | ₹12436.92 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 |
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?
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What is the minimum SIP amount to invest in ICICI Prudential Equity Savings Fund?
How do I invest in ICICI Prudential Equity Savings Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in ICICI Prudential Equity Savings Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in ICICI Prudential Equity Savings Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in ICICI Prudential Equity Savings Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.