ICICI Prudential Rewards of Investing and Generation of Healthy Tax Savings Fund Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 26 Sep 2009. S Naren, Rajat Chandak is the Current Fund Manager of ICICI Prudential Rewards of Investing and Generation of Healthy Tax Savings Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹41 Cr and the Latest NAV as of 26 Sep 2019 is ₹39.09.
The ICICI Prudential Rewards of Investing and Generation of Healthy Tax Savings Fund Growth is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Entry load of 2.25% for investment less than Rs.5 crores..
Investment Objective
ICICI Prudential R.I.G.H.T. Fund (Rewards of Investing and Generation of Healthy Tax Savings) is a ten year close-ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit. The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines for Equity Linked savings Scheme (ELSS), 2005 (and modifications to them). However, there can be no assurance that the investment objective of the Scheme will be realized.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹0
Min for Second Investment
Entry load of 2.25% for investment less than Rs.5 crores.
Exit Load