| Launch date | 18 Nov 2024 |
| Allotment date | 04 Dec 2024 |
| End date | 02 Dec 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.85%
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 12 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 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
Nitya MishraNov 2024 - PresentView details
Aatur ShahFeb 2026 - PresentView details
Fund house & investment objective
| Rank (total assets) | #3 in India |
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| Total AUM | ₹11,24,266.03Cr |
| Date of Incorporation | 12 Oct 1993 |
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ICICI Prudential Equity Minimum Variance Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Vaibhav Dusad is the Current Fund Manager of ICICI Prudential Equity Minimum Variance Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹11,24,266 Cr and the Latest NAV as of 08 Apr 2026 is ₹10.47. The ICICI Prudential Equity Minimum Variance Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. Exit load of 1%, if redeemed within 12 months. ;
Investment Objective
The scheme seeks to generate long term capital appreciation by investing in Equity & Equity related instruments through a diversified basket with an aim to minimize the portfolio volatility. ;
| Fund benchmark | NIFTY 50 Total Return Index |
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