ICICI Prudential Exports and Services Fund Growth
ICICI Prudential Exports and Services Fund Growth0Morning Star
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|Fund Type||Equity - Other|
|Exit Load||1% for 15 Days|
More about this fund
|ICICI Bank Ltd||9.48%|
|Bharti Airtel Ltd||8.65%|
|Sun Pharmaceuticals Industries Ltd||6.48%|
|Tata Power Co Ltd||6.04%|
|VRL Logistics Ltd||5.4%|
|SBI Life Insurance Co Ltd||4.05%|
|State Bank of India||3.9%|
About ICICI Prudential Exports and Services Fund
The ICICI Prudential Exports and Services Fund is an open-ended equity scheme which follows the Exports and Services theme. It seeks to generate long-term capital appreciation and income distribution to unitholders by investing predominantly in equity and equity-related instruments of companies belonging to the Exports and Services industry. It was formerly known as ICICI Prudential Exports and Other Services Fund and was renamed as ICICI Prudential Exports and Services Fund on May 28, 2018.
Pros & Cons of ICICI Prudential Exports and Services Fund
- The scheme defines a company as belonging to the Exports and Service industry if it generates more than 50% of its revenue through exports or services respectively. Further, the companies are selected based on a long-term growth perspective and measured on the price-to-earnings ratio.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Sectoral/ Thematic Fund category.
- Further, it has generated returns of 20.02% per year over the last 10 years (as on January 09, 2019). However, the returns over the last year have been negative (-8.74%).
Fund Information and Statistics of ICICI Prudential Exports and Services Fund
i) Inception / Launch date
The scheme was launched on 30 November 2005 by ICICI Prudential Mutual Fund.
ii) Risk level
According to the investment objective and asset allocation of the scheme, it has a High risk-level associated with it.
The minimum redemption amount is Rs. 500. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager
The Fund Managers of the ICICI Prudential Exports and Services Fund are: Mr. Sankaran Naren (since July 2017) Mr. Ashwin Jain (since August 2016)
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after the completion of 1 year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within the period of 1 year from the date of allotment of the said units, then the exit load = 1% of the applicable NAV
Tax benefits of investing in ICICI Prudential Exports and Services Fund
The following taxes are applicable to income arising from investing in this scheme: 1, STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG tax (units are held for a period of more than 12 months) component is taxed at 10 percent without indexation benefits on the redemption of units.
About ICICI Mutual Fund
ICICI Prudential Balanced Advantage Fund is managed by ICICI Mutual Fund AMC, one of India’s largest Fund houses with a proven track record of delivering returns. The fund has been on the forefront of financial innovation leading to a well-diversified portfolio of around 47 mutual fund products, across equity and debt.
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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