ICICI Prudential Equity & Debt
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Min amount: 1000
- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Bank Ltd||6.78%|
|Nifty 50 Index||5.73%|
|Oil & Natural Gas Corp Ltd||4.62%|
|Bharti Airtel Ltd||4.18%|
|State Bank of India||3.81%|
|Hindalco Industries Ltd||2.97%|
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.
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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Min amount: 1000
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