ICICI Prudential Equity Savings Fund Direct Dividend Monthly 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 Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹1,474 Cr and the Latest NAV as of 30 Mar 2020 is ₹10.88.
The ICICI Prudential Equity Savings Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is 100. Exit load of 1% if redeemed within 15 days.
Investment Objective
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.
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.