ICICI Prudential Sensex Index Fund Direct Growth is a Others Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 14 Sep 2017. Kayzad Englim is the Current Fund Manager of ICICI Prudential Sensex Index Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹48 Cr and the Latest NAV as of 28 Jan 2020 is ₹12.81.
The ICICI Prudential Sensex Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 100. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
An open-ended index linked growth scheme seeking to track the returns of S&P BSE Sensex Index through investments in a basket of stocks drawn from the constituents of the above index.The objective of the Scheme is to invest in companies whose securities are included in S&P BSE Sensex Index and subject to tracking errors, to endeavor to achieve the returns of the above index as closely as possible. This would be done by investing in all the stocks comprising the S&P BSE Sensex Index in approximately the same weightage that they represent in S&P BSE Sensex Index. The Scheme will not seek to outperform the S&P BSE Sensex Index or to underperform it. The objective is that the performance of the NAV of the Scheme should closely track the performance of the S&P BSE Sensex Index over the same period.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment