ICICI Prudential Equity Arbitrage Fund Retail Plan Growth
ICICI Prudential Equity Arbitrage Fund Retail Plan Growth3Morning Star
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|Risk||Moderately Low risk|
|Fund Type||Arbitrage Fund|
|Exit Load||0.25% for 31 Days|
More about this fund
|Future on HDFC Bank Ltd||12.98%|
|Housing Development Finance Corp Ltd||8.75%|
|Future on Reliance Industries Ltd||6.88%|
|Reliance Industries Ltd||6.83%|
|HDFC Bank Ltd||4.13%|
|Future on Axis Bank Ltd||3.16%|
|Axis Bank Ltd||3.14%|
|Future on State Bank of India||3.13%|
|State Bank of India||3.11%|
|Future on Tata Consultancy Services Ltd||2.66%|
About ICICI Prudential Equity Arbitrage Fund
The ICICI Prudential Equity Arbitrage Fund is an open-ended equity scheme. It seeks to provide a short-term income generation solution by aiming to generate low-volatility returns. The scheme achieves this objective by using arbitrage and other derivative strategies in the equity markets and also by investing in a short-term debt portfolio.
Pros & Cons of ICICI Prudential Equity Arbitrage Fund
- The scheme invests in opportunities across various market capitalizations. It uses a top-down approach to identify growth sectors and a bottom-up approach to determine individual stocks.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Arbitrage Fund category.
- Further, it has generated returns of 7.24% per years over the last 10 years (as on January 09, 2019).
Fund Information and Statistics of ICICI Prudential Equity Arbitrage Fund
i) Inception / Launch date
The scheme was launched on 30 December 2006 by ICICI Prudential Mutual Fund.
ii) Risk level
According to the investment objective and asset allocation of the scheme, it has a moderate risk-level associated with it.
The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager
The Fund Managers of the ICICI Prudential Equity Arbitrage Fund are: 1. For the Equity portion – Mr. Kayzad Eghlim and Mr. Dharmesh Kakkad 2. For the Debt portion – Mr. Manish Banthia
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after the completion of 1 month from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within the period of 1 month from the date of allotment of the said units, then the exit load = 0.25% of the applicable NAV
Tax benefits of investing in ICICI Prudential Equity Arbitrage Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG tax (units are held for a period of more than 12 months) component is taxed at 10 percent without indexation benefits on the redemption of units.
About ICICI Mutual Fund
ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.
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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