ICICI Prudential India Equity FOF - Direct Plan

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Value Research Rating

5 star

Analyst’s Choice

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Riskometer

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Very High

₹27.8845 0.53%

As on 21-May-2024

Returns

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Calculate SIP Returns of ICICI Prudential India Equity FOF - Direct Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of ICICI Prudential India Equity FOF - Direct Plan

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of ICICI Prudential India Equity FOF - Direct Plan

Assets info

₹110 Cr

Exit Load (Days) info

1.00 (365)

Min. Investment (₹)

500

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

100

Min. No of Cheques

6

Investment Strategy

The Scheme seeks to generate returns by predominantly investing in one or more mutual fund schemes /ETFs (managed by ICICI Prudential Mutual Fund or any other Mutual Fund(s)) which invest in equity and equity related securities.

Suitability

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other flexi-cap fund, if you need to redeem your investment in less than five years.

Capital Gains Taxation

  • If investment is made on or after 1 April 2023: Entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for ICICI Prudential India Equity FOF - Direct Plan

ICICI Prudential India Equity FOF - Direct Plan is mandated to invest at least 65 per cent of its assets in equity stocks at all times. Being a fund of funds, it invests its assets in a set of mutual fund schemes instead of the underlying securities directly. Flexi cap funds have complete freedom to invest in companies of different sizes, depending on where the fund management team expects maximum gains.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential India Equity FOF - Direct Plan fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential India Equity FOF - Direct Plan is ₹27.8845 as of 23-May-2024.

The AUM of ICICI Prudential India Equity FOF - Direct Plan Fund is ₹110 Cr as of 30-Apr-2024

The riskometer level of ICICI Prudential India Equity FOF - Direct Plan is Very High. See More

As of 30-Apr-2024, ICICI Prudential India Equity FOF - Direct Plan had invested 92.94% in Equity, 5.3% in Cash & Cash Eq., 1.64% in Debt and 0.12% in Real Estate See More

ICICI Prudential India Equity FOF - Direct Plan is 4 years 2 months old. It has delivered 27.37% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
49.12%
24.87%
--
--
--
27.37%

No, There is no lock in period in ICICI Prudential India Equity FOF - Direct Plan.

The expense ratio of ICICI Prudential India Equity FOF - Direct Plan is 0.78.

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