ICICI Pru Multicap Fund(G)

ICICI Pru Multicap Fund(G)
Dividend Yearly
NA
Category
Equity - Multi Cap
52-week NAV high
302.49  (As on 03-06-2019)
52-week NAV low
264.29  (As on 18-02-2019)
Expense
1.94%  (As on 30-11-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.69 5.59 -2.40 5.56 3.26 9.70 10.47 8.79 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Oct 01, 1994
Last Dividend
NA
Minimum Investment
5000

ICICI Prudential Asset Management Company Ltd. is a leader in its segment in the country. The company focuses on providing a wide range of savings and investment solutions to its customer base to help in long-term wealth creation. The company is a joint venture between ICICI Bank and Prudential Plc.

ICICI Prudential Multicap Fund is an open ended equity scheme that invests across small cap, mid cap, and large cap stocks. It assists investors in wealth creation in the long term. When individuals decide to invest in the plan they should be aware of the fact that their principal will be subjected to moderately high risk.

Investment Objective of ICICI Prudential Multicap Fund - Growth

The ICICI Prudential Multicap Fund - Growth aims to create wealth through investments in equity-based instruments across small cap, mid cap, and large cap stocks. The company specifies that there is no assurance that the investment objective of the mutual fund scheme will be met.

Key Features of ICICI Prudential Multicap Fund

The highlights of the ICICI Prudential Multicap Fund are as indicated in the table below:

Type of fund Open ended equity scheme
Plans available Regular and Direct plans
Options under each plan Growth and Dividend options are available. Reinvestment and payout sub-options are also provided
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for ICICI Prudential Multicap Fund - Growth

The details of the investment amount for the ICICI Prudential Multicap Fund - Growth scheme are as tabulated below:

Minimum application amount Rs.5,000 plus investments in multiples of Re.1
Minimum additional investment Rs.1,000 plus investments in multiples of Re.1
Minimum installment for Systematic Investment Plan (SIP) at the time of registration Quarterly SIP - Rs.5,000 and subsequently in multiples of Re.1; minimum of 4 installments Monthly SIP - Rs.1,000 and subsequently in multiples of Re.1; minimum of 6 installments
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.500 and subsequently in multiples of Re.1 Note: The minimum number of installments for the quarterly and monthly frequencies is 2
Entry Load Not applicable
Exit Load
  • 1% of the NAV when units switched in/purchased from an alternate scheme of the fund are switched out/redeemed within in a time span of 18 months from the allotment date
  • Nil when units switched in/purchased from an alternate scheme of the fund are switched out/redeemed after a time span of 18 months from the allotment date

The minimum redemption amount of the scheme is Rs.500 or all units where the amount is lesser than Rs.500.

Asset Allocation for ICICI Prudential Multicap Fund - Growth

The asset allocation under the ICICI Prudential Multicap Fund - Growth scheme is usually as summarised below:

Instruments Allocations (Percentage of total assets) Risk Profile
Equity and equity-related instruments 65 to 100 Medium to high
Debt and money market instruments 0 to 35 Low to medium

Who can Invest in ICICI Prudential Multicap Fund - Growth?

The following entities can invest in the ICICI Prudential Multicap Fund - Growth scheme:

  • An adult who is a resident of India, either singly or jointly. The joint holding cannot exceed four individuals.
  • A minor through the guidance of the guardian or parent
  • Religious trusts and charitable organisations can invest in specific securities
  • Public sector undertakings, companies, associations of individuals, corporate bodies, and societies
  • The karta of a Hindu Undivided Family (HUF)
  • Partnership firms
  • Non-resident Indians (NRIs)
  • Banks and other financial institutions
  • Foreign Portfolio Investor (FPI)
  • Personnel of the army, navy, air force, or any other paramilitary organisation
  • Mutual fund schemes

NAV Disclosure and Benchmark for ICICI Prudential Multicap Fund - Growth

The NAV is calculated when each business day ends. The NAV is determined by dividing the net assets by the outstanding number of units on the date of valuation. The investments of the fund will be valued based on the valuation norms.

Liquidity - Since this is an open-ended scheme, it offers units for switch-in/sale and switch-out/redemption each business day at the NAV based prices. The redemption proceeds will also be dispatched within 10 working days from the redemption date. A penal interest will be paid if the redemption proceeds are not paid within 10 business days from the redemption date.

Benchmark - S&P BSE 500 Index

ICICI Prudential Multicap Fund - Growth Fund Manager

Mr. George Heber Joseph and Mr. Atul Patel are the fund managers of this mutual fund scheme. Ms. Priyanka Khandelwal is the fund manager who manages the overseas investments of the schemes.

(This data is accurate as on 30 April 2018)

Investment Restrictions of ICICI Prudential Multicap Fund - Growth

Some of the investment restrictions under the scheme are as follows:

  1. The scheme will not be able to invest more than 10% of its NAV into debt instruments consisting of non-money market and money market instruments that are issued by a single entity and are rated as investment grade by an authorised rating agency.
  2. The fund cannot own more than 10% of the paid up capital of the company.
  3. It is possible to transfer investments between schemes of the same mutual fund, provided that these transfers are executed at the prevailing market price of instruments on spot basis. The securities transferred should also conform to the investment objective of the scheme to which the transfer is implemented.
  4. The scheme can invest in other mutual fund schemes (either within the company or from another AMC) without the levy of any fees. This is subject to the aggregate of all inter-scheme investments not exceeding 5% of the fund’s Net Asset Value. There will be no investment management fees charged for these investments.
  5. The scheme will not make any investments in Fund of funds scheme.

Dividend Policy of ICICI Prudential Multicap Fund - Growth

Since this is a growth option under the scheme, there will be no dividends declared. The income that the scheme earns will be reinvested in the scheme. This will also be reflected in the Net Asset Value. Investors who are looking for capital appreciation as opposed to a regular income will benefit from this scheme.

Other facilities under ICICI Prudential Multicap Fund - Growth

Some of the special products offered by ICICI Prudential Multicap Fund - Growth are as follows:

  1. Systematic Investment Plan (SIP) - The investors in the scheme can put in money periodically for an extended duration. When the investor registers for the systematic investment plan, it enables him/her to invest a fixed amount of money above Rs.1,000 (and in multiples of Re.1) each month, or an amount above Rs.5,000 (and in multiples of Re.1) each quarter. The minimum number of installments for frequency of monthly investment is 6 and for quarterly investment is 4. Investors can enroll into the SIP facility through post dated cheques/NACH service/standing instructions.
  2. SIP TOP UP facility - Investors can choose the SIP TOP UP facility with options of Fixed Top Up or Variable Top Up. In Variable Top Up option, the amount of SIP is increased at regular intervals. The Fixed Top Up amount will be in multiples of Rs.500 whereas, the Variable Top Up amount can be chosen in denominations of 10%, 15%, 20%, etc.

The frequency of the Top Up facility is a fixed value, i.e., either yearly or half-yearly. For quarterly SIP, the SIP Top Up is available at annual frequency only. The SIP Top Up service is available for all individuals who have registered for the SIP facility.

  1. Systematic Withdrawal Plan (SWP) - Investors in the scheme can enroll themselves for SWP. This enables the investor to withdraw a specific amount of money every month from the investments in the scheme. This is suitable for unitholders who seek a regular income. When the unitholder registers for this facility, the minimum amount that can be withdrawn is Rs.500 (and in multiples of Re.1). The minimum number of installments for the monthly and quarterly frequencies is 2.

When there is a withdrawal, the amount withdrawn will be equated to units at the applicable NAV. This number of units will be subtracted from the balance of units that the investor holds.

  1. Systematic Transfer Plan (SWP) - STP is a facility through which investors of specific source schemes can choose to transfer a fixed amount of money regularly to target schemes. Source schemes can be any of the open-ended schemes except Exchange Traded Funds (ETFs) and specific liquid funds. When the investor registers for this facility, the minimum amount that can be transferred is Rs.1,000 (and in multiples of Re.1) for frequencies of quarterly, monthly, and weekly. The minimum amount for daily frequency is Rs.50. The minimum number of installments for monthly, weekly, and daily frequencies is 6, and that for quarterly frequency is 4. The ICICI Prudential Multicap Fund - Growth scheme can be the source or target scheme for STP.

Why you should Invest in ICICI Prudential Multicap Fund - Growth?

ICICI Prudential Multicap Fund - Growth is a scheme that generates capital appreciation by making investments in equity and related securities across a large variety of stocks. The company is a leader in the asset management space and it is focussed on generating long-term wealth for investors through a wide range of offerings. The AMC has also witnessed considerable growth in the past and has a presence across 200 locations in the country. The investor-centric approach adopted by the AMC, its expertise, process orientation, and resource bandwidth make it one of the best choices in the industry today.

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