ICICI Prudential Floating Interest Fund Dividend Monthly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 16 May 2013. Rahul Goswami, Nikhil Kabra is the Current Fund Manager of ICICI Prudential Floating Interest Fund Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹8,005 Cr and the Latest NAV as of 24 Jan 2020 is ₹103.09.
The ICICI Prudential Floating Interest Fund Dividend Monthly is rated Moderate risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 500. Nil.
Investment Objective
The scheme aims to generate income consistent with the prudent risk from a portfolio comprising floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments & money market instruments.
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)
₹500
Min for First Investment
₹100
Min for Second Investment