ICICI Prudential Dividend Yield Equity Fund Direct Dividend is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 16 May 2014. Mrinal Singh, Mittul Kalawadia is the Current Fund Manager of ICICI Prudential Dividend Yield Equity Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹174 Cr and the Latest NAV as of 06 Dec 2019 is ₹11.08.
The ICICI Prudential Dividend Yield Equity Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year..
The investment objective of ICICI Prudential Dividend Yield Equity Fund is to provide medium to long term capital gains and/or dividend distribution by investing in a well diversified portfolio of predominantly equity and equity related instruments, which offer attractive ividend yield. However, there can be no assurance that the investment objective of the Scheme will be realized.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 year.