|Min SIP Amount||₹1000|
|NAV||₹15.28 (23 Jul 2021)|
|Fund Started||07 Jan 2013|
|Fund Size||₹12,398 Cr|
|Reserve Bank of India||Financial||T-Bills||4.0%|
|Reliance Industries Ltd.||Energy||Equity||3.6%|
|Tata Steel Ltd.||Metals||Equity||3.5%|
|Panatone Finvest Ltd||Financial||CP||3.1%|
|Adani Ports and Special Economic Zone Ltd.||Services||Equity||2.9%|
|Bharti Airtel Ltd.||Communication||Equity||2.8%|
|State Bank of India||Financial||Equity||2.7%|
|Reserve Bank of India||Financial||T-Bills||2.7%|
|Sun Pharmaceutical Industries Ltd.||Healthcare||Equity||2.5%|
ICICI Prudential Equity Arbitrage Direct IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹12,398 Cr and the Latest NAV as of 23 Jul 2021 is ₹15.28.
The ICICI Prudential Equity Arbitrage Direct IDCW is rated 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 scheme seeks 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.