ICICI Prudential Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 05 Dec 2014. S Naren, Kayzad Englim, Chintan A Haria, Manish Banthia, Prakash Gaurav Goel is the Current Fund Manager of ICICI Prudential Equity Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,502 Cr and the Latest NAV as of 23 Oct 2019 is ₹14.86.
The ICICI Prudential Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 15 days.
The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme?s assets in equity and equity related instruments. However there can be no assurance that the investment objectives of the scheme will be realized.
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 1% if redeemed within 15 days