ICICI Prudential Equity Arbitrage Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 07 Jan 2013. Kayzad Englim, Manish Banthia is the Current Fund Manager of ICICI Prudential Equity Arbitrage Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹13,566 Cr and the Latest NAV as of 21 Jan 2020 is ₹26.61.
The ICICI Prudential Equity Arbitrage Direct Growth 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