ICICI Prudential Infrastructure Fund Direct Plan Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Very High Risk|
|Fund Type||Equity - Infrastructure|
|Exit Load||1% for 15 Days|
More about this fund
|Bharti Airtel Ltd||9.61%|
|Larsen & Toubro Ltd Shs Dematerialised||7.83%|
|Axis Bank Ltd||5.53%|
|State Bank of India||5%|
|Oil & Natural Gas Corp Ltd||4.98%|
|GAIL (India) Ltd||3.2%|
|Hindalco Industries Ltd Shs Dematerialised||2.89%|
|Mahindra Lifespace Developers Ltd||2.66%|
About ICICI Prudential Infrastructure Fund - Direct Plan - Growth
The main intention of the scheme is to provide investors with returns in the form of long-term capital appreciation by investing mostly in the equity and equity-linked securities of companies operating in the infrastructure theme.
Pros and Cons of ICICI Prudential Infrastructure Fund - Direct Plan - Growth
The most prominent advantage of investing in this is that you gain exposure towards equity-linked securities of the companies operating in the infrastructure theme. On the flip side, since the fund invests only in the companies of one sector, the fund carries a high risk of concentration.
Fund Information and Statistics
i) Inception/Launch Date
ICICI Prudential Infrastructure Fund - Direct Plan - Growth was launched on 1 January 2013.
ii) Risk Level
Since this fund is a sector-specific fund, it naturally carries a risk of concentration. Therefore, this fund is clubbed under the 'high risk' class of mutual funds.
Since ICICI Prudential Infrastructure Fund - Direct Plan - Growth is open-ended, you can redeem your investments at any time.
iv) Fund Manager
ICICI Prudential Infrastructure Fund - Direct Plan - Growth is being managed by Mr Ihab Dalwai and Mr Shankaran Naren.
v) Entry/Exit Load
No entry load is levied in accordance with the regulations set by the Securities and Exchange Board of India (SEBI). An exit load of 1% is levied on redemption requests placed within 15 days from the date of allotment.
About ICICI Prudential Mutual Fund
The ICICI Prudential Mutual Fund came into existence as a result of a joint venture between ICICI Bank Ltd and Prudential Plc in the late second half of the year 1999. The fund house officially registered itself with the Securities and Exchange Board of India (SEBI) to start offering mutual funds in December 1999. It is now a leading fund house in the country, with its assets under management touching Rs 3.67 lakh crore as of June 2020.
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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