ICICI Prudential Banking & PSU Debt Direct Dividend Half Yearly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 20 Aug 2014. Rahul Goswami, Chandni Gupta is the Current Fund Manager of ICICI Prudential Banking & PSU Debt Direct Dividend Half Yearly.The fund currently has an Asset Under Management(AUM) of ₹6,803 Cr and the Latest NAV as of 14 Oct 2019 is ₹13.03.
The ICICI Prudential Banking & PSU Debt Direct Dividend Half Yearly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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.
Tax Implications
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)
₹5000
Min for First Investment
₹1000
Min for Second Investment