ICICI Prudential Equity & Debt Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 04 Jan 2013. S Naren, Manish Banthia, Atul Patel is the Current Fund Manager of ICICI Prudential Equity & Debt Fund Direct Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹23,487 Cr and the Latest NAV as of 18 Oct 2019 is ₹29.01.
The ICICI Prudential Equity & Debt Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Investment Objective
To generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fixed income securities.
Tax Implications
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
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