ICICI Prudential Monthly Income Plan Direct Plan Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 02 Jan 2013. Rajat Chandak, Manish Banthia is the Current Fund Manager of ICICI Prudential Monthly Income Plan Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹350 Cr and the Latest NAV as of 25 May 2018 is ₹49.78.
The ICICI Prudential Monthly Income Plan Direct Plan Growth is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
Investment Objective
The primary investment objective of the scheme is to generate regular income and secondary objective is to generate capital appreciation.
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
Exit load of 1% if redeemed within 1 year
Exit Load