ICICI Prudential Equity & Debt Fund Direct Plan Growth
Min amount: ₹500
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|Bharti Airtel Ltd||8.22%|
|ICICI Bank Ltd||7.82%|
|Oil & Natural Gas Corp Ltd||4.6%|
|Hindalco Industries Ltd Shs Dematerialised||3.92%|
|Sun Pharmaceuticals Industries Ltd||3.41%|
|Axis Bank Limited||2.96%|
About ICICI Prudential Equity & Debt Fund
ICICI Prudential Equity & Debt Fund, an aggressive hybrid scheme, aims at long-term capital appreciation and income accrual from an investment made in both equity and debt instruments. The exposure to equity ranges from 65% to 80%, while the rest of the investments are exposed to debt market capitalisation. The fund is sector agnostic when allocating assets.
Pros and Cons of ICICI Prudential Equity & Debt Fund
ICICI Prudential Equity & Debt Fund is a good choice when you are looking to diversify your portfolio. Further, the three-year and five-year returns are much higher than the category average returns. However, one-year returns are lower than the category average returns.
Fund Information and Statistics
i) Inception/Launch Date ICICI Prudential Equity & Debt Fund was launched on 3 November 1999.
ii) Risk level ICICI Prudential Equity & Debt Fund is a hybrid fund with a moderately high risk as it predominantly allocates assets in equity and equity-related financial tools. However, you need to know that the fund only invests in well-researched corporate securities to obtain reasonable carry-over wealth.
iii) Redemption There is no lock-in period applicable to the fund. Therefore, redeeming your investments will only attract exit load or capital gains, if any.
iv) Fund Manager Equity: Mr Sankaran Naren and Mr Atul Patel are currently managing this fund. Debt: Mr Manish Banthia is currently managing this fund.
v) Entry/Exit load There is no entry load applicable to mutual funds. Meanwhile, an exit load of 1% is applicable if you leave the fund within a year from the date of allotment.
About ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund was incorporated on 22 June 1993 and registered with SEBI on 12 October 1993. The asset under management (AUM) of the fund house was Rs 3.44 lakh crore as of 31 July 2019. Prudential Plc and ICICI Bank Limited are the sponsors of the fund house, and the trustee is ICICI Prudential Trust Limited.
" Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "IT Developer, Bangalore
" I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "Software Engineer, Indore
" Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "Campus Manager, Bangalore
Invest Now in 3 Easy Steps
Why ClearTax Invest?
- Our experts do all the research and offer only the BEST mutual funds
- Trusted by Over 25 Lakh Indians
- Invest in just 5 minutes
- No paperwork required
- Simple and easy to use
Frequently Asked Questions
- Read More
Min amount: ₹500
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