ICICI Prudential Equity Savings Fund Direct Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Low to Moderate Risk|
|Fund Type||Equity Savings|
|Exit Load||0.25% for 7 Days|
More about this fund
|Cash Offset For Derivatives||52.72%|
|Future on Tata Steel Ltd.||5.69%|
|Tata Steel Ltd||5.67%|
|Future on State Bank of India||5.46%|
|State Bank of India||5.44%|
|Net Current Assets||5.2%|
|91 DTB 05082021||4.57%|
About ICICI Prudential Equity Savings Fund - Direct Plan - Growth
The main objective of the scheme is to provide investors with a regular income by investing in a mix of fixed-income securities and making use of the available arbitrage opportunities. The fund invests some extent of its portfolio in equities.
Pros and Cons of ICICI Prudential Equity Savings Fund - Direct Plan - Growth
Investing in this fund is suitable for those looking to gain exposure towards a portfolio constituted by a variety of debt and equity instruments. The fund is capable of providing regular returns and capital appreciation in the long run. On the flip side, the returns can be curtailed as equity exposure is not significant.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Equity Savings Fund - Direct Plan - Growth was launched on 5 December 2014.
ii) Risk Level
ICICI Prudential Equity Savings Fund - Direct Plan - Growth has been categorised under 'moderately high risk' mutual fund schemes.
Since ICICI Prudential Equity Savings Fund - Direct Plan - Growth is an open-ended mutual fund plan, you can sell your fund units at any time.
iv) Fund Manager
Mr Manish Banthia, Mr Prakash Gaurav Goel and Mr Sanakaran Naren are the current fund managers of ICICI Prudential Equity Savings Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load as per the regulations of the Indian securities market watchdog. An exit load of 1% is levied if you sell your units within 15 days from the date of allocations.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was incorporated in the year 1998 due to the joint venture between ICICI Bank Ltd and Prudential Plc. It is now a leading fund house in India with assets worth Rs 3,59,943.33 under its management as of June 2020.
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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