ICICI Prudential Passive Strategy Fund (FOF) Direct Growth

Other
FoF Overseas/Domestic
Very High Risk
15.95%
3Y annualised
+2.12% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 04 Oct 2022₹104.09
Min. SIP amount₹1,000
Rating3
Fund size₹87.67Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Other FoF Overseas/Domestic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns0.1%15.9%11.2%11.5%
Category average-2.0%15.8%10.9%NA
Rank with in category3432NANA
Understand terms

Holdings (6)

NameSectorInstrumentAssets
ICICI Prudential Nifty Bank ETF - Growth
FinancialMutual Fund24.8%
ICICI Prudential Nifty Healthcare ETF - GrowthFinancialMutual Fund23.9%
ICICI Prudential Nifty Private Bank ETF - GrowthFinancialMutual Fund18.5%
ICICI Prudential Nifty IT ETF - Growth
FinancialMutual Fund15.3%
BHARAT 22 ETF - GrowthFinancialMutual Fund10.1%
ICICI Prudential Nifty Auto ETF - GrowthFinancialMutual Fund3.2%

Pros and cons

Category: Other FoF Overseas/Domestic

Pros

Cons

Lower expense ratio: 0.06%
Lower AUM: 87Cr. Funds with lower AUM tend to have higher expense ratio
1Y annualised returns higher than category average by 0.98%
3Y and 5Y annualised returns lower than category average

Expense ratio, exit load and tax

Expense ratio: 0.06%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within 15 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Sankaran Naren
Sep 2018 - Present
View details

Education
Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.
Experience
Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.
Also manages these schemes

Dharmesh Kakkad
May 2018 - Present
View details

Education
Mr. kakkad is B.com., CA & CFA.
Experience
He is associated with ICICI Prudential Asset Management Company Limited from June 2010. Prior to working in Dealing function, he was working in the Operations Department of ICICI Prudential AMC.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
One BKC , A Wing ,13th Floor, Bandra Kurla Complex, Mumbai 400051
Phone
022-26525000 / 1800-222-999 / 1800-200-6666
Launch Date
12 Oct 1993
Website
NA
ICICI Prudential Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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ICICI Prudential Passive Strategy Fund (FOF) Direct Growth
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