ICICI Prudential Sensex Index Fund Direct Growth
Min amount: ₹100
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Index Funds|
More about this fund
|Reliance Industries Ltd Shs Dematerialised||11.8%|
|HDFC Bank Ltd||10.58%|
|Housing Development Finance Corp Ltd||7.72%|
|ICICI Bank Ltd||7.55%|
|Tata Consultancy Services Ltd||5.99%|
|Kotak Mahindra Bank Ltd||3.86%|
|Hindustan Unilever Ltd||3.81%|
|Axis Bank Ltd||3.41%|
|Larsen & Toubro Ltd Shs Dematerialised||3.14%|
About ICICI Prudential Sensex Index Fund - Direct Plan - Growth
The main objective of the ICICI Prudential Sensex Index Fund - Direct Plan - Growth is to track and emulate the performance of the S&P BSE Sensex index. This is made possible by investing in the same stocks that constitute the Sensex index.
Pros and Cons of ICICI Prudential Sensex Index Fund - Direct Plan - Growth
The most significant benefit of investing in this fund is that you gain exposure towards equities of top-performing stocks across all sectors. Investing in this fund is a better way of diversifying your portfolio. On the flip side, since this fund invests only in stocks, the fund may have a direct impact of the market movements.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Sensex Index Fund - Direct Plan - Growth was launched on 21 September 2017.
ii) Risk Level
ICICI Prudential Sensex Index Fund - Direct Plan - Growth has been categorised under ‘moderately high risk’ class of mutual funds.
Since ICICI Prudential Sensex Index Fund - Direct Plan - Growth is an open-ended mutual fund; you can redeem your investments at any time.
iv) Fund Manager
Mr Kayzad Eghlim is the current fund manager of ICICI Prudential Sensex Index Fund - Direct Plan - Growth.
v) Entry/Exit load
There is no entry load as per the regulations of the Securities and Exchange Board of India (SEBI). Also, there is no exit load in order to facilitate withdrawals at any time.
About ICICI Prudential Mutual Fund
The assets under management (AUM) ICICI Prudential Mutual Fund was a massive Rs 3.67 lakh crore as of June 2020. It is being sponsored by and Prudential Plc and ICICI Bank Ltd. It registered with the Securities and Exchange Board of India (SEBI) with ICIC Prudential Trust Ltd as its trustee. The ICICI fund house is now a leading fund house in the country.
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Min amount: ₹100
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