| Launch date | 29 Dec 2020 |
| Allotment date | 18 Jan 2021 |
| End date | 12 Jan 2021 |
| NAV | ₹10.00 |
Fund Overview
Expense ratio, exit load and tax
Expense ratio: 0.78%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within 1 month
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
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.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹100 |
Fund management
Manish BanthiaDec 2020 - PresentView details
Anish TawakleyDec 2020 - PresentView details
Lalit KumarJan 2021 - PresentView details
Sharmila D’melloJul 2022 - PresentView details
Fund house & investment objective
| Rank (total assets) | #3 in India |
|---|---|
| Total AUM | ₹6,88,919.25Cr |
| Date of Incorporation | 12 Oct 1993 |
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ICICI Prudential Business Cycle Fund Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Manish Banthia is the Current Fund Manager of ICICI Prudential Business Cycle Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹6,88,919 Cr and the Latest NAV as of 18 Jan 2021 is ₹10.00. The ICICI Prudential Business Cycle Fund Direct - Growth - NFO is rated High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 1% if redeemed within 1 month ;
| Fund benchmark | NA |
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