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If you're looking to invest in mutual funds, the options available can be overwhelming. Each fund has its pros and cons, making it difficult for investors to decide. We understand how confusing this can be, which is why we're introducing you to the ICICI P

If you're looking to invest in mutual funds, the options available can be overwhelming. Each fund has its pros and cons, making it difficult for investors to decide. We understand how confusing this can be, which is why we're introducing you to the ICICI Prudential Flexicap Fund—an innovative mutual fund scheme designed to make your investment decisions easier.

 

ICICI Prudential Flexicap Fund: Overview

Launched on July 16, 2021, this open-ended Flexi Cap Equity scheme allows you to start investing with a minimum SIP of just Rs. 100. As of May 31, 2024, the fund's Assets Under Management (AUM) stand at Rs. 14,913.29 crores. The fund primarily invests in domestic equities, with a small portion allocated to debt and cash equivalents.

 

Key Features:

- Expense Ratio: 1.7% (as of June 7, 2024)

- Exit Load: 1.0% if units are redeemed within 365 days

- Benchmark: BSE 500 TRI

- Risk Level: Very High

- Short-Term Capital Gains (STCG): 15% if redeemed within 1 year

- Long-Term Capital Gains (LTCG): 10% tax on returns exceeding Rs. 1 lakh after 1 year

 

Objective:

The fund aims for long-term capital appreciation by investing across market capitalizations.

 

Performance:

The fund has delivered a 1-year annualized return of 39.48%.

 

Top Holdings:

- TVS Motor Company: 10.06% allocation, with a 1-year return of 80.21%

- Maruti Suzuki India: 9.25% allocation, with a 1-year return of 33.06%

- ICICI Bank: 7.6% allocation, with a 1-year return of 19.58%

 

Conclusion:

Investors should carefully assess their financial goals and risk tolerance before investing. The ICICI Prudential Flexicap Fund offers a solid option for those seeking long-term growth. However, always do your own research and consult a financial advisor.