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 ₹20,611 Cr and the Latest NAV as of 30 Mar 2020 is ₹21.78.
The ICICI Prudential Equity & Debt Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is 100. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
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.