ICICI Prudential Banking & PSU Debt Direct Growth is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 13 Mar 2013. Rahul Goswami, Chandni Gupta is the Current Fund Manager of ICICI Prudential Banking & PSU Debt Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹7,164 Cr and the Latest NAV as of 06 Dec 2019 is ₹23.06.
The ICICI Prudential Banking & PSU Debt Direct Growth is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
The investment objective of the Scheme is to generate regular income through investments in a basket of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSU) with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment