ICICI Prudential Gilt Fund Direct Plan Growth

About ICICI Prudential Gilt Fund - Direct Plan - Growth

The main purpose of the scheme is to provide investors with steady and consistent returns by investing majorly in a variety of securities issued by the state and central governments in India.

Pros and Cons of ICICI Prudential Gilt Fund - Direct Plan - Growth

The most significant benefit of investing in this fund is that you gain exposure to a basket of government securities. The plan also invests in securities such as treasury bills that mature over a period of eight years. On the flip side, the returns can be curtailed since the equity exposure is minimal to nil.

Fund Information and Statistics

i) Inception/Launch Date

ICICI Prudential Gilt Fund - Direct Plan - Growth was launched on 1 January 2013.

ii) Risk Level

ICICI Prudential Gilt Fund - Direct Plan - Growth has been categorised under the ‘moderately risky’ class of mutual funds.

iii) Redemption

Since this fund is an open-ended mutual fund plan, you can place redemption requests at any time.

iv) Fund Manager

Mr Rahula Goswami and Mr Anuj Tagra are the current fund managers of ICICI Prudential Gilt Fund - Direct Plan - Growth.

v) Entry/Exit Load

This fund comes with no entry in order to comply with the norms of the Securities and Exchange Board of India. There are no exit load charges levied on the fund.

About ICICI Prudential Mutual Fund

The ICICI Prudential Mutual Fund was constituted as a result of the joint venture between ICICI Bank Ltd and Prudential Plc in December 1999. They are also the sponsors of the asset management company (AMC). The fund house has assets worth Rs 3.67 lakh crore under its management by the end of June 2020.