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The launch of our unique open ended equity fund that aims to provide regular income and capital appreciation with equity taxation.
At the outset of recent changes in debt taxation in the budget, hybrid funds that work on asset allocation model have seen huge appetite from investors. We believe this is the right time to introduce a fund like ICICI Prudential Equity Income Fund to the investors. This fund aims to address the investment need of conservative investors in a tax efficient manner. It is an open ended equity oriented fund that invests across equities, fixed income and arbitrage opportunities.
Unique Structure of the fund:
Key Advantages of the Fund:
Regular Income : Significant portion will be invested in debt securities and equity arbitrage opportunities.
Growth Potential : Potential for capital appreciation through moderate participation in equities.
Dynamic Equity allocation : The net long equity exposure will be low when market valuations are expensive and vice-versa.
Tax Efficient Returns : As the gross equity exposure will be greater than 65%, it will attract equity taxation*.
*Equity Taxation – Dividend income tax free; Capital gains – for more than 1 year – exempt; less than 1 year– 15%. Tax rates given are basis prevailing tax laws.
Tax Efficiency Illustration:
About the fund
ICICI Prudential Equity Income Fund is an open ended equity fund that aims to:
- To generate regular income through investments in fixed income securities and
- To generate long-term capital appreciation by investing a portion of the Scheme's
Scheme Features
Type of scheme | An open ended equity scheme |
Plans | Direct Plan and Regular Plan |
Options | Cumulative, AEP Option(Appreciation and Regular) and Dividend (Reinvestment & Payout Option) |
Dividend Frequencies | Monthly, Quarterly and Half Yearly |
Minimum Application Amount | Rs.5,000/- plus in multiple of Rs.1 |
Minimum Additional Application Amount | Rs. 1,000/- plus multiple of Re. 1 |
Minimum Redemption Amount | Rs. 500/- and in multiple of Re. 1 |
Exit Load | For investments upto 18 months – 1% of applicable NAV |
Benchmark Index | 30% CNX Nifty + 40% CRISIL Liquid Fund Index + 30% CRISIL Short Term Bond Fund Index |
Fund Manager* | Equity Portion - S.Naren and Chintan Haria Debt Portion - Manish Banthia |
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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