ICICI Prudential Banking and Financial Services Direct Plan Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Roshan Chutkey is the Current Fund Manager of ICICI Prudential Banking and Financial Services Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹3,592 Cr and the Latest NAV as of 24 Jan 2020 is ₹76.27.
The ICICI Prudential Banking and Financial Services Direct Plan Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 15 days.
Investment Objective
ICICI Prudential Banking and Financial Services Fund is an Open-ended equity scheme that seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.
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
Exit load of 1% if redeemed within 15 days
Exit Load