ICICI Prudential Sensex Index Fund Growth
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Min amount: ₹100
- Fund Summary
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- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Index Funds|
More about this fund
|Reliance Industries Ltd||14.3%|
|HDFC Bank Ltd||11.95%|
|Housing Development Finance Corp Ltd||7.94%|
|ICICI Bank Ltd||5.98%|
|Tata Consultancy Services Ltd||5.82%|
|Hindustan Unilever Ltd||5.13%|
|Kotak Mahindra Bank Ltd||4.4%|
|Bharti Airtel Ltd||3.56%|
About ICICI Prudential Sensex Index Fund
Being an open-ended index linked growth scheme seeks to generate income through investments in a basket of stocks drawn from the constituents of the S&P BSE Sensex Index while keeping a track of the returns of the stated index. ?
Pros and Cons of ICICI Prudential Sensex Index Fund
- This product is suitable for those who are seeking:
- Long term capital appreciation or growth.
- The fund invests in a basket of S&P BSE Sensex Index stocks and seeks to track returns of the stated index. ?
Fund Information and Statistics of ICICI Prudential Sensex Index Fund
Inception/ Launch Date
The ICICI Prudential Sensex Index Fund was launched on 21 September 2017, by ICICI Prudential Mutual Fund. ?
It is difficult to predict the extent of the fund’s fall and how quickly it can recover but the fund will fall lesser than the market as the fund have reasonably conservative strategies. The NAV of the fund may get change subject to market risk arising due to different consequences. The value of the scheme investments may be affected by the factors affecting securities markets such as price and volume, interest rates, changes in government policies, economic development etc. ?
The dispatch of redemption proceeds within 10 business days from the date of receipt of the redemption request. ?
Mr.Kayzad Eghlim is the fund manager of ICICI Prudential Sensex Index Fund. ?
Entry/ Exit Load
The entry load for this scheme is NIL and the exit load is not applicable. ?
Tax benefits of investing in ICICI Prudential Sensex Index Fund
The short-term capital gains made on sale of units within 1 year from the date of allotment are taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment are taxed at concessional rate of 10% (without indexation). Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source. ?
About ICICI Prudential Mutual Fund
ICICI Prudential is one the leading mutual fund companies of India. It is the largest asset management company caters primarily to retail investors. The schemes of ICICI Prudential mutual funds fulfill long term as well as short term financial goal and are convenient. ?
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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