ICICI Prudential Equity Arbitrage Direct Bonus+0.06%

3Groww
6.72%
1 Year Return
Hybrid
Arbitrage
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

ICICI Prudential Equity Arbitrage Direct Bonus

RiskModerate
Min SIP AmountNot Supported
Expense Ratio0.37%
NAV14.40 (09 Dec 2019)
Fund Started27 Aug 2014
Fund Size13,392 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Equity Arbitrage Direct Bonus
6.7%
6.6%
7.1%
7.8%
Category Average
6.9%
NA
NA
-
Rank within category
9
5
7
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 6.7% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 5 years
    2. Risk is lower compared to the benchmark
    3. Lower expense ratio
    4. 1Y Returns are higher than the benchmark
    5. 3Y Returns are higher than the benchmark
    6. 5Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is more than 10000 Crs. Returns tend to go low once AUM exceeds a certain amount
    2. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Housing Development Finance Corpn. Ltd.FinancialEquity7.7%
    Reliance Industries Ltd.EnergyEquity6.4%
    HDFC Bank Ltd.FinancialEquity5.0%
    Infosys Ltd.TechnologyEquity3.9%
    State Bank of IndiaFinancialEquity3.1%
    Axis Bank Ltd.FinancialEquity2.6%
    Sun Pharmaceutical Inds. Ltd.HealthcareEquity2.4%
    ITC Ltd.FMCGEquity2.1%
    Tata Consultancy Services Ltd.TechnologyEquity2.0%
    Indusind Bank Ltd.FinancialCD1.8%
    See All

    Fund Managers

    addKayzad Eghlim
    Education
    Mr. Eghlim is a B.Com (H) and M Com.
    Experience
    Prior to joining ICICI Prudential AMC he has worked with IDFC Investment Advisors Ltd., Prime Securities and Canara Robeco Mutual Fund.
    Funds Managed
    addManish Banthia
    Education
    Mr. Banthia is B.Com, CA and MBA
    Experience
    He is associated with ICICI Prudential Asset Management Company since Oct 2005, ICICI Prudential AMC - Fixed Income Investments - Aug 2007 to Oct 2009, ICICI Prudential AMC - New Product Development - Oct 2005 to Jul 2007, Aditya Birla Nuvo Ltd. - From May 2005 to Oct 2005, Aditya Birla Management Corporation Ltd. - From May 2004 to May 2005.
    Funds Managed
    addPriyanka Khandelwal
    Education
    Ms. Khandelwal is Chartered Accountant and Company Secretary
    Experience
    She has been Working with ICICI Prudential Mutual Fund Since October 2014.
    Funds Managed
    addDharmesh Kakkad
    Education
    Mr. kakkad is B.com., CA & CFA.
    Experience
    Mr. Kakkad is Manager in ICICI Prudential Mutual Fund since 2009.
    Funds Managed

    Other Details

    ICICI Prudential Equity Arbitrage Direct Bonus is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 27 Aug 2014. Kayzad Eghlim, Manish Banthia is the Current Fund Manager of ICICI Prudential Equity Arbitrage Direct Bonus.The fund currently has an Asset Under Management(AUM) of ₹13,392 Cr and the Latest NAV as of 09 Dec 2019 is ₹14.40.

    The ICICI Prudential Equity Arbitrage Direct Bonus is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month.

    Investment Objective

    The investment objective of Income Optimiser Plan under the scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

    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 0.25% if redeemed within 1 month
    Exit Load

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    About ICICI Prudential Mutual Fund

    Address
    One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
    Phone
    022-26525000
    Launch Date
    12 Oct 1993
    ICICI Prudential Mutual Fund
    Asset Management Company
    Custodian
    HDFC Bank
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
    Enter investment amount
    + ₹1,000
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    + ₹10,000
    ONE TIME
    MONTHLY SIP
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