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ICICI Prudential Flexicap Fund: In-Depth Review & Benefits
Table of Contents
- Introduction
- ICICI Prudential Flexicap Fund: Complete Overview
- ICICI Prudential Flexicap Fund: Scheme Overview
- The Objective of the ICICI Prudential Flexicap Fund
- Peers of ICICI Prudential Flexicap Fund
- Returns/ Performance of ICICI Prudential Flexicap Fund
- Top Stock Holdings of ICICI Prudential Flexicap Fund
- ICICI Prudential Flexicap Fund Managers
- Conclusion:
Introduction
Mutual funds are already widely available on the market if you, as an investor, want to invest in any of them. Some have advantages and disadvantages, while others have both. As a result, investors are unsure which option to take.
We recognize how perplexing this situation is for investors. So, to make it easy for you to choose a mutual fund, we have brought here an innovative mutual fund scheme called ICICI Prudential Flexicap Fund. We will provide insights into this scheme, including financial attributes, prior performance (if any), what they have in this plan, and other information that will undoubtedly benefit you in understanding the company's performance and attributes.
ICICI Prudential Flexicap Fund: Complete Overview
There has never been a more uncertain time to live than now. Humans have very little time for their lives in today's fast-paced world. Too many uncertainties in life have made the individual worry about his financial security both now and in the future. Men's lives are sometimes disrupted by geopolitical conflicts such as wars, chronic diseases, premature deaths, or natural calamities such as earthquakes, tsunamis, and landslides. As a result of this uncertainty, some people have invested in financial schemes to mitigate the impact if it occurs unexpectedly.
One such scheme is the ICICI Prudential Flexicap Fund. The scheme was launched on Jul 16, 2021. Now we will see about the consumer’s product’s offerings in detail. The scheme is an Open-ended Flexi Cap Equity program from ICICI Prudential Mutual Fund House which requires a minimum SIP investment of Rs.100.
The AUM under this scheme is Rs.14913.29 crores as of 31 May 2024. It has 98.91% investment in domestic equities of which 0.0% is in Large-Cap stocks, 0.0% is in Mid-Cap stocks, 0.0% is in Small Cap stocks, 0.59% investment in Debt, and 0.5% in cash & cash equivalents.
Click here to apply for the Mutual fund.
ICICI Prudential Flexicap Fund: Scheme Overview
This Flexicap Fund from the ICICI Prudential scheme has an exit load of 1.0% if the units are redeemed or switched out before 365 days from the allotted date.
VRO |
- |
Expense ratio |
1.7% as of 07 June, 2024 |
Exit load |
1.0% if the fund is sold before 365 days from the allotment date. |
AUM (Fund size) |
Rs.14913.29 crores |
Lock-in |
No |
Benchmark |
BSE 500 TRI |
Min. investment |
Rs.100 |
Risk |
Very High |
Short-term capital gains (STCG) |
15% if redeemed within 1 year of investment |
Long-term capital gains (LTCG) |
After 1 year, pay a tax of 10% on returns of Rs.1 lakh+ in a financial year |
The Objective of the ICICI Prudential Flexicap Fund
The scheme aims to achieve long-term capital appreciation by investing primarily in equities and equity-related assets regardless of market capitalization.
Peers of ICICI Prudential Flexicap Fund
Equity/ Flexi Cap funds |
1 Y Returns |
3 Y Returns (%) |
Fund Size (Cr) |
NAV (Rs/Unit) |
ICICI Prudential India Equity FOF - Growth |
48.31 |
24.41 |
113.25 |
28.18 |
HDFC Retirement Savings Fund Equity Plan Regular-Growth |
38.26 |
23.35 |
5,159.41 |
48.37 |
JM Flexicap Fund-Growth |
63.70 |
31.23 |
2,472.06 |
101.55 |
ICICI Prudential Retirement Fund - Pure Equity Plan-Growth |
54.95 |
30.40 |
795.85 |
29.58 |
Returns/ Performance of ICICI Prudential Flexicap Fund
The Annualised Returns of this Fund for 1Y is 39.48%.
Portfolio Allocation.
Asset |
% of allocation |
Equity |
98.91 |
Debts |
0.59 |
Others |
0.50 |
Graphical representation of Portfolio Allocation.
Top Stock Holdings of ICICI Prudential Flexicap Fund
Stocks |
Assets (%) |
P/E |
Return 1Y (%) |
TVS Motor Company |
10.06 |
68.61 |
80.21 |
Maruti Suzuki India |
9.25 |
28.52 |
33.06 |
ICICI Bank |
7.6 |
17.96 |
19.58 |
ICICI Prudential Flexicap Fund Managers
Rajat Chandak is the Fund Manager of this Fund.
Conclusion:
Concluding investors should carefully consider their investment objective, time horizon, and risk tolerance. In this blog, we have brought insights into the ICICI Prudential Flexicap Fund and its past performance. That will give you an idea about its market strategies, fund-making success ratio, etc. Factors such as performance, risk analysis, portfolio, and funds allocation should be wisely calculated.
Hope this blog helped you with the information that you were seeking.
Disclaimer: This blog is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.
Frequently Asked Questions
The expense ratio of this Fund is 1.70% as of 07 June 2024.
The minimum investment for the Fund is Rs.100
There is no lock-in period for this Fund.
The tax implication is 15% if redeemed within 1 year of investment, and 10% after 1 year, on returns of ₹1 lakh+ in a financial year.
Yes, you can invest in a lump sum for this fund.