ICICI Prudential Regular Savings Fund Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 30 Mar 2004. Rajat Chandak, Manish Banthia is the Current Fund Manager of ICICI Prudential Regular Savings Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹1,650 Cr and the Latest NAV as of 08 Nov 2019 is ₹44.82.
The ICICI Prudential Regular Savings Fund Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
Investment Objective
The Scheme seeks to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.However, there can be no assurance that the investment objectives of the Scheme will be realised.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹500
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within 1 year
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