ICICI Prudential PSU Equity Fund

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Value Research Rating

Unrated

Analyst’s Choice

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Riskometer

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Very High

₹20.9300 -1.55%

As on 08-Nov-2024

Returns

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Calculate SIP Returns of ICICI Prudential PSU Equity Fund

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 PSU Equity Fund

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 PSU Equity Fund

Assets info

₹2,539 Cr

Exit Load (Days) info

1.00 (30)

Min. Investment (₹)

5,000

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

100

Min. No of Cheques

6

Investment Strategy

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs).

Suitability

This is a fund that invests mainly in the shares of government-owned companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

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

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 20%.
  • No tax is to be paid as long as you continue to hold the units.

Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.

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.

Latest news on ICICI Prudential PSU Equity Fund

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FAQ for ICICI Prudential PSU Equity Fund

ICICI Prudential PSU Equity Fund is mandated to invest at least 80 per cent of its assets in the shares of public sector (PSU) companies.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential PSU Equity Fund 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 PSU Equity Fund is ₹20.9300 as of 09-Nov-2024.

The AUM of ICICI Prudential PSU Equity Fund Fund is ₹2,539 Cr as of 30-Sep-2024

The riskometer level of ICICI Prudential PSU Equity Fund is Very High. See More

As of 30-Sep-2024, ICICI Prudential PSU Equity Fund had invested 84.6% in Equity, 13.17% in Cash & Cash Eq. and 2.23% in Debt See More

ICICI Prudential PSU Equity Fund is 2 years 2 months old. It has delivered 40.61% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
58.68%
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--
--
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40.61%

No, There is no lock in period in ICICI Prudential PSU Equity Fund.

The expense ratio of ICICI Prudential PSU Equity Fund is 1.99.