ICICI Prudential Equity & Debt Fund Growth
- 8.8%
- (+0.4)136.05
ICICI Prudential Equity & Debt Fund Growth
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Fund Summary
Period | Returns(per year) |
---|---|
10 Years | 13.21% |
5 Years | 8.8% |
3 Years | 8.72% |
1 Year | 10.13% |
6 Months | -0.59% |
Fund Details | |
---|---|
ISIN | INF109K01480 |
Risk | Moderately High risk |
Fund Type | Aggressive Allocation |
NAV | 136.05 |
Exit Load | 1% for 365 Days |
More about this fund
Top Holdings | Weightage |
---|---|
ICICI Bank Ltd | 7.42% |
Bharti Airtel Ltd | 6.51% |
NTPC Ltd | 5.93% |
State Bank of India | 3.93% |
ITC Ltd | 3.9% |
Oil & Natural Gas Corp Ltd | 3.8% |
Vedanta Ltd | 3.34% |
Hindalco Industries Ltd | 3.23% |
Infosys Ltd | 2.95% |
Indian Oil Corp Ltd | 2.61% |
About ICICI Prudential Equity & Debt Fund
The ICICI Prudential Equity & Debt as the name implies invests in equities and equity as well as debt-related securities. The scheme aims to provide regular income and capital appreciation over a long-term investment horizon. This is a balanced fund that gives your portfolio stability as well as a boost in returns.
Pros & Cons of ICICI Prudential Equity & Debt Fund
ICICI Prudential Equity & Debt offers the following benefits:
- ICICI Prudential Equity & Debt Fund investment strategy enables you to take a balanced approach towards your portfolio.
- There is an opportunity to get higher returns with comparatively lower risks.
- The Assets Under Management are 28,333 crores, and such higher numbers could impact the returns.
Fund Information and Statistics of ICICI Prudential Equity & Debt Fund
i) Inception / Launch date
The ICICI Prudential Equity & Debt was launched on November 3, 1999, by ICICI Prudential AMC. Earlier, the fund was known as ICICI Prudential Balanced Fund.
ii) Risk level
ICICI Prudential Equity & Debt is a moderately high-risk bet and suitable for investors who want exposure to the equity market with a long-term investment horizon.
iii) Redemption
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from the date of receipt of a request.
iv) Fund Manager
ICICI Prudential Equity & Debt is jointly managed by Manish Banthia (September 2013), Sankaran Naren (December 2015), and Atul Patel (August 2016).
v) Entry / Exit load
The fund house does not charge any entry load or exit load if only 10% of the investment is redeemed before a year. However, if the rest of the investment is redeemed before a year, an exit load of 1% is applicable. No exit load is charged if redeemed after one year from the date of allotment.
Tax benefits of investing in ICICI Prudential Equity & Debt Fund
The Short-term capital gain tax of 15% is applicable if sold within a year. Long-term capital gain, in excess of Rs 1 lakh are taxed at 10% without indexation.
About ICICI Prudential Mutual Fund
ICICI Prudential is a joint venture between ICICI Bank and Prudential Plc which is an international financial services group. The fund house offers 47 mutual fund products and serves 3 million customers. ICICI Prudential Mutual Fund strives to deliver higher risk-adjusted returns with consistent long-term performance.
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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