ICICI Prudential Equity Income Fund

 

An open-ended equity fund that seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative Strategies. It also intends to generate long-term capital appreciation by investing a portion of the Scheme?s assets in equity and equity related instruments.

Investment Philosophy

The scheme seeks to maintain gross equity exposure in the range of 65% to 75% using an in house asset allocation model (Price to Book Value model or P/BV model). The scheme seeks to benefit from arbitrage opportunities available in the market. The net equity exposure will be in the range of 20% to 40%.The scheme will actively manage duration. The maturity profile will be managed based on the market conditions, interest rate outlook and stability of ratings.


Key Benefits:

  • A portfolio with no market cap bias.
  • Seeks to benefit from arbitrage opportunities available in the market.
  • Manages the equity levels in the range of 65% to 75% on the basis of asset allocation model i.e. P/BV model.

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Type

Open-ended equity scheme

Plans

Regular & Direct

Options

Cumulative option, AEP option (Appreciation and Regular) and Dividend option (Reinvestment and payout facility)

Default Option

Cumulative Option

Application Amount

Rs.5,000 (plus in multiple of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiple of Re. 1)

Entry Load

Not applicable.

Exit Load

(a) If the amount sought to be redeemed/switched-out upto 18 months from the date of allotment - 1% of applicable NAV;
(b) If the amount sought to be redeemed/switched-out for more than 18 months from the date of allotment - Nil

Minimum Redemption Amt.

Rs.500 (plus in multiple of Re.1)

Systematic Investment Plan

Plan Monthly: Min Rs. 1,000 + 5 post - dated cheques for a minimum of Rs.1,000 each Quarterly: Minimum Rs. 5,000 + 4 post - dated cheques of Rs. 5,000 each.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiple of Re. 1/-

Fund Manager

Equity: S. Naren and Chintan Haria
Debt: Manish Banthia
For investment in ADR/GDR/Foreign Securities ? Shalya Shah

This product is suitable for investors who are seeking*:

  • Long term wealth creation solution
  • The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies and also intends to generate long term capital appreciation by investing in equity and equity related instruments
  • High Risk (BROWN)

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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