Fund Details
ICICI Prudential Monthly Income Plan Direct Plan Growth
| Risk | Moderate |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 1.61% |
| NAV | ₹49.78 (25 May 2018) |
|---|---|
| Fund Started | 02 Jan 2013 |
| Fund Size | ₹350 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 1.61%
3. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Tata Steel Ltd. | Metals | Debenture | 14.3% |
| IDBI Bank Ltd. | Financial | Bonds | 9.9% |
| East West Pipeline Ltd. | Energy | Bonds/NCD | 7.7% |
| L&T Finance Ltd. | Financial | CP | 7.3% |
| Housing Development Finance Corpn. Ltd. | Financial | CP | 7.2% |
| Jamnagar Utilities and Power Pvt. Ltd. | Engineering | Debenture | 6.0% |
| Magma Fincorp Ltd. | Financial | PTC | 4.9% |
| GOI | Sovereign | CGL | 4.3% |
| Indian Hotels Co. Ltd. | Services | Debenture | 3.0% |
| HDFC Bank Ltd. | Financial | Equity | 3.0% |
Fund Managers
ICICI Prudential Monthly Income Plan Direct Plan Growth Details
ICICI Prudential Monthly Income Plan Direct Plan Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 02 Jan 2013. Rajat Chandak, Manish Banthia is the Current Fund Manager of ICICI Prudential Monthly Income Plan Direct Plan Growth fund.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 set to 1000. Exit load of 1% if redeemed within 1 year
Investment Objective
The scheme seeks to provide reasonable regular returns and long-term capital appreciation with a pre-dominant exposure to debt instruments. Under normal circumstances, 85 per cent of the corpus will be invested in debt instruments while exposure to equities will be at 15 per cent.
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.
