ICICI Prudential Floating Interest Fund Plan A Dividend Fortnightly is a Debt Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 29 Jul 2004. Rahul Goswami, Nikhil Kabra is the Current Fund Manager of ICICI Prudential Floating Interest Fund Plan A Dividend Fortnightly.The fund currently has an Asset Under Management(AUM) of ₹7,040 Cr and the Latest NAV as of 23 Oct 2019 is ₹101.52.
The ICICI Prudential Floating Interest Fund Plan A Dividend Fortnightly is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 15000. 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)
₹15000
Min for First Investment
₹1000
Min for Second Investment