INF109KA11J9

CASPeR Ranking #104

ICICI Prudential Equity Savings Fund Direct Growth

Moderate Risk Equity Savings Allocation

NAV (Mon Sep 09 2024)

₹23

Returns (Since Inception)

9.30%

Category Average

9.36%

Rating

2

Allocation and Holdings

Asset class

Weightage

Financial Services

6.08%

Healthcare

5.23%

Unknown

17.47%

Consumer Cyclical

4.75%

Consumer Defensive

7.66%

Energy

3.55%

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Overall rating

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Scheme Information

Fund name

ICICI Prudential Equity Savings Fund Direct Growth


Minimum SIP

100


Risk Level

Moderate Risk


AUM

₹10938.68 Cr


ISIN

INF109KA11J9


Inception Date

Dec 05 2014


Standard Deviation

2.089


Beta

-


Sharpe Ratio

1.532


Benchmark

Nifty Equity Savings Index TR


Expense Ratio

0.500%


Exit Load

If 10% of the units (the Limit) purchased or switched in from another scheme of the Fund are redeemed or switched out within 7 days from the date of allotment NIL. If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the Limit within 7 days from the date of allotment 0.25% of the applicable NAV. If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 7 days from the date of allotment NIL.

Risk

Moderate Risk

Investment Objective

The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies. The Scheme also intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. However there can be no assurance that the investment objectives of the scheme will be realized

Fund Managers

Kayzad Eghlim

Manish Banthia

Ritesh Lunawat

Priyanka Khandelwal

Dharmesh Kakkad

Sri Sharma

About the AMC

ICICI Prudential Asset Management Company Limited


Phone Number

+91 22 26428000


Corporate Office Address

ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)

Overall AUM

₹10938.68 Cr


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frequently asked questions

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What is the current NAV of ICICI Prudential Equity Savings Fund Direct Growth?

The NAV of ICICI Prudential Equity Savings Fund Direct Growth is ₹23 as of Mon Sep 09 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of ICICI Prudential Equity Savings Fund Direct Growth?

Kayzad Eghlim is the current fund manager of ICICI Prudential Equity Savings Fund Direct Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of ICICI Prudential Equity Savings Fund Direct Growth?

The Expense Ratio of ICICI Prudential Equity Savings Fund Direct Growth is 50.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 50.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of ICICI Prudential Equity Savings Fund Direct Growth?

The minimum Systematic Investment Plan (SIP) amount required for ICICI Prudential Equity Savings Fund Direct Growth is ₹100. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in ICICI Prudential Equity Savings Fund Direct Growth?

To initiate a lump sum investment in ICICI Prudential Equity Savings Fund Direct Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the ICICI Prudential Equity Savings Fund Direct Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of ICICI Prudential Equity Savings Fund Direct Growth is classified as Moderate Risk.

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What is the category of ICICI Prudential Equity Savings Fund Direct Growth?

The category of the ICICI Prudential Equity Savings Fund Direct Growth is Allocation.

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