ICICI Prudential Equity & Debt Fund Direct Growth

ICICI Prudential Equity & Debt Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. S Naren, Manish Banthia, Atul Patel is the Current Fund Manager of ICICI Prudential Equity & Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹7,33,780 Cr and the Latest NAV as of 24 May 2024 is ₹385.21. The ICICI Prudential Equity & Debt Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹5,000. For units in excess of 30% of the investment,1% will be charged for redemption within 365 days ;

Investment Objective

The scheme seeks to generate long-term capital appreciation and current income by investing in a portfolio that is investing in equities and related securities as well as fixed income and money market securities. The approximate allocation to equity would be in the range of 60-80 per cent with a minimum of 51 per cent, and the approximate debt allocation is 40-49 per cent, with a minimum of 20 per cent. ;