ICICI Prudential Sensex Index Fund Direct Growth

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.

iii) Redemption

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.