ICICI Prudential Equity Arbitrage Dividend is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 30 Dec 2006. Kayzad Englim, Manish Banthia is the Current Fund Manager of ICICI Prudential Equity Arbitrage Dividend.The fund currently has an Asset Under Management(AUM) of ₹13,566 Cr and the Latest NAV as of 17 Jan 2020 is ₹13.62.
The ICICI Prudential Equity Arbitrage Dividend is rated Moderate risk. Minimum SIP Investment is 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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 0.25% if redeemed within 1 month