| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.45% |
| NAV | ₹14.61 (06 Jul 2020) |
|---|---|
| Fund Started | 07 Jan 2013 |
| Fund Size | ₹10,520 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.6% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.3% |
| Infosys Ltd. | Technology | Equity | 3.9% |
| Bharti Airtel Ltd. | Communication | Equity | 3.8% |
| ICICI Bank Ltd. | Financial | Equity | 3.6% |
| Axis Bank Ltd. | Financial | Equity | 3.6% |
| Tata Consultancy Services Ltd. | Technology | Equity | 2.8% |
| GOI | Sovereign | CGL | 2.7% |
| Sun Pharmaceutical Inds. Ltd. | Healthcare | Equity | 2.5% |
| Larsen & Toubro Ltd. | Construction | Equity | 1.7% |
ICICI Prudential Equity Arbitrage Direct Dividend is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 07 Jan 2013. Kayzad Eghlim, Manish Banthia, Dharmesh Kakkad is the Current Fund Manager of ICICI Prudential Equity Arbitrage Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹10,520 Cr and the Latest NAV as of 06 Jul 2020 is ₹14.61.
The ICICI Prudential Equity Arbitrage Direct Dividend is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25% if redeemed within 1 month
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.
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.