ICICI Prudential Equity Savings Fund Growth - Latest NAV ₹14.35, Returns, Performance & Portfolio

ICICI Prudential Equity Savings Fund Growth

  • highlight
    6.51%
  • highlight
    (+0.06)14.35

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Min amount: ₹100

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 9.87 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years6.51%
3 Years4.29%
1 Year0.63%
6 Months7.33%
Fund Details
ISININF109KA14I5
RiskModerately High risk
Fund TypeEquity Savings
NAV14.35
Exit Load1% for 15 Days

More about this fundstar

Top HoldingsWeightage
Infosys Ltd6.2%
Bharti Airtel Ltd6.07%
ICICI Bank Limited4.63%
ICICI Bank Ltd4.34%
Indusind Bank Limited4.27%
Axis Bank Limited4.13%
Future on Infosys Ltd4.06%
Future on Bharti Airtel Ltd3.67%
Sun Pharmaceuticals Industries Ltd3.43%
Tech Mahindra Ltd3.03%

About ICICI Prudential Equity Savings Fund

The Scheme is an open ended hybrid scheme investing in equity, arbitrage and debt instruments.

Pros & Cons of ICICI Prudential Equity Savings Fund

ICICI Prudential Equity Savings Fund offers following features:

  • The Scheme was unable to beat the benchmark in 1 year and 3 year investment horizon by distance and provided slightly lower returns since inception compared to the benchmark.
  • Hybrid funds are safe bet compared to equity funds and provides higher returns than pure debt funds.
  • As these are ideal blend of equity and debt and thus suitable for budding investors who are eager to take relatively less risk along with stable returns.

Fund Information and Statistics of ICICI Prudential Equity Savings Fund

i) Inception / Launch date

The Scheme was launched on 5 December 2014 and was formerly known as ICICI Prudential Equity Income Fund. The Scheme is benchmarked against NIFTY Savings Index.

ii) Risk level

Being an hybrid scheme, the scheme is moderately high risk bet and suitable for investors looking for capital appreciation & income over 3 year investment horizon.

iii) Redemption

The Scheme is open for repurchase/redemptions on all business days. Redemption proceeds are despatched within 10 business days from the date of the receipt of valid redemption request at the official points of acceptance.

iv) Fund Manager

Equity portion of the Scheme is jointly managed by Mr Sankaran Naren (managing since Dec 2014), Mr Kayzad Eghlim (managing since April 2017), Mr Prakash Gaurav Goel (managing since October 2017) and Mr Dharmesh Kakkad (managing since September 2018). Debt portion of the scheme is managed by Mr Manish Banthia who is managing since December 2014.

v) Entry / Exit load

1% exit load is charged by the fund house if the units are redeemed/switched-out within 15 days from the date of the allotment. No exit load is charged if the units are redeemed/switched-out after 15 days from the date of the allotment. Entry load is not applicable for any subscriptions into the Scheme.

Tax benefits of investing in ICICI Prudential Equity Savings Fund

The short-term capital gains made on sale of units within 1 year from the date of allotment is taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment is tax at concessional rate of 10% (without indexation). Investors do not pay any tax on dividends received but a Dividend Distribution Tax (“DDT”) is deducted by the fund house at source.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc. Prudential Plc is one of the largest players in UK financial services sector. The fund house offers investment options such as diversified to sector specific equity schemes, balanced and fixed income funds. Mr. Nimesh Shah is MD & CEO of the Fund House.

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Frequently Asked Questions

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Start your investment

Min amount: ₹100

Calculate Returns

Rs. 2,000 invested monthly becomes Rs. 9.87 Lakhs in a period of 20 years
Moderately High risk

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