ICICI Prudential Medium Term Bond Fund Direct Plan Growth is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 23 Jan 2013. Manish Banthia, Shadab Rizvi is the Current Fund Manager of ICICI Prudential Medium Term Bond Fund Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹6,423 Cr and the Latest NAV as of 22 Jan 2020 is ₹32.51.
The ICICI Prudential Medium Term Bond Fund Direct Plan Growth is rated Low risk. Minimum SIP Investment is 1000. 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 income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
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
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
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