ICICI Prudential Equity & Debt Fund Growth
ICICI Prudential Equity & Debt Fund Growth4Morning Star
Start your investment
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||8.2%|
|Bharti Airtel Ltd||7.35%|
|Oil & Natural Gas Corp Ltd||3.73%|
|Indian Oil Corp Ltd||2.67%|
|Hindalco Industries Ltd||2.62%|
About ICICI Prudential Equity & Debt Fund
The ICICI Prudential Equity & Debt as the name implies invests in equities and equity as well as debt-related securities. The scheme aims to provide regular income and capital appreciation over a long-term investment horizon. This is a balanced fund that gives your portfolio stability as well as a boost in returns.
Pros & Cons of ICICI Prudential Equity & Debt Fund
ICICI Prudential Equity & Debt offers the following benefits:
- ICICI Prudential Equity & Debt Fund investment strategy enables you to take a balanced approach towards your portfolio.
- There is an opportunity to get higher returns with comparatively lower risks.
- The Assets Under Management are 28,333 crores, and such higher numbers could impact the returns.
Fund Information and Statistics of ICICI Prudential Equity & Debt Fund
i) Inception / Launch date
The ICICI Prudential Equity & Debt was launched on November 3, 1999, by ICICI Prudential AMC. Earlier, the fund was known as ICICI Prudential Balanced Fund.
ii) Risk level
ICICI Prudential Equity & Debt is a moderately high-risk bet and suitable for investors who want exposure to the equity market with a long-term investment horizon.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of a request.
iv) Fund Manager
ICICI Prudential Equity & Debt is jointly managed by Manish Banthia (September 2013), Sankaran Naren (December 2015), and Atul Patel (August 2016).
v) Entry / Exit load
The fund house does not charge any entry load or exit load if only 10% of the investment is redeemed before a year. However, if the rest of the investment is redeemed before a year, an exit load of 1% is applicable. No exit load is charged if redeemed after one year from the date of allotment.
Tax benefits of investing in ICICI Prudential Equity & Debt Fund
The Short-term capital gain tax of 15% is applicable if sold within a year. Long-term capital gain, in excess of Rs 1 lakh are taxed at 10% without indexation.
About ICICI Prudential Mutual Fund
ICICI Prudential is a joint venture between ICICI Bank and Prudential Plc which is an international financial services group. The fund house offers 47 mutual fund products and serves 3 million customers. ICICI Prudential Mutual Fund strives to deliver higher risk-adjusted returns with consistent long-term performance.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Start your investment
Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns