ICICI Prudential Sensex Index Fund Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Prudential Sensex Index Fund Growth

  • highlight
    7.35%
  • highlight
    (--0.05)12.0841

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Min amount: ₹1,000

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year7.35%
6 Months2.34%
Fund Details
ISININF109KB17W7
RiskModerately High risk
Fund TypeIndex Funds
NAV12.0841
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd12.48%
Reliance Industries Ltd10.31%
Housing Development Finance Corp Ltd9.71%
Infosys Ltd8.1%
ICICI Bank Ltd6.89%
Tata Consultancy Services Ltd6.21%
ITC Ltd5.48%
Kotak Mahindra Bank Ltd4.42%
Larsen & Toubro Ltd4.23%
Hindustan Unilever Ltd3.52%

About Principal Arbitrage Fund

Being an open-ended mutual fund, the scheme seeks to generate the capital appreciation by investing in arbitrage opportunities in the cash and within the derivative segments of the arbitrage opportunities and the derivative equity markets. The balance of the fund is invested in debt and money market instruments.

Pros and Cons of Principal Arbitrage Fund

This scheme is suitable for those who are seeking: 1. Short term capital gain or appreciation. 2. Income through arbitrage opportunities between derivative market and cash and within the derivative segment of the arbitrage opportunities. 3. It offers liquidity and is tax efficient. 4. The scheme offers growth and dividend option.

Fund Information and Statistics of Principal Arbitrage Fund

Inception/ Launch Date

The Principal Arbitrage Fund was launched on 21 April 2016 by Principal Mutual Fund.

Risk Level

The scheme has a moderately low level of risk. Exposure to credit risk as the fund enters into various types of derivative contracts. Hence the performance depends on the financial condition of the counterparty. As the fund’s investment techniques are different from the equity investments, the higher is the portfolio turnover risk.

Redemption

The fund shall dispatch redemption proceeds within 10 business days from the date of acceptance of the redemption request.

Fund Manager

Mr. Rajat Jain is the fund manager of Principal Arbitrage Fund since 2016.

Entry/ Exit Load

The entry load is NIL for investing in this scheme or fund. The exit load of 0.50% is applicable if the units are redeemed on or before 30 days from the date of allotment. If redeemed after 30 days or 1 month the exit load is NIL.

Tax benefits of investing in Principal Arbitrage Fund

The following taxes are applicable to income arising from investing in this scheme:

  • STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
  • LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About Principal Mutual Fund

Principal Mutual fund was set by the Principal Asset Management Company, with a approach to accept levels of risk backed by solid research. With a disciplined and long-term investment they aim to create, grow wealth and protect of their investors.

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Frequently Asked Questions

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Min amount: ₹1,000

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Moderately High risk

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