3 Year return

20.18%
NAV on Sep 05 2024 32.29
1D Returns -0.06%
Launched on May 2019 (5 years)

Investment Details

₹100

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1831.22 Cr.

Expense Ratio

0.99% (inclusive of GST)

Exit Load

1% of applicable Net Asset Value - If the amount, sought to be redeemed or switch out is invested for a period of upto twelve months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than twelve months from the date of allotment

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

ICICI Prudential Mutual Fund Managers

AT

Anish Tawakley

Fund Manager since Apr 2022

View Details

Fund House Details

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund Asset management company

AUM ₹777,435.79 Cr.
No. of Schemes 299
Setup Date June 1993

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

Quant Infrastructure Fund

33.3%

0

Invesco India Infrastructure Fund

33.62%

0

Bank of India Manufacturing and Infrastructure Fund

31.74%

0

Schemes by ICICI Prudential Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About ICICI Prudential MNC Fund Direct Plan-Growth

The ICICI Prudential MNC Fund Direct-Growth falls under the Thematic-MNC category, managed by the ICICI Prudential Mutual Fund. Being thematic in nature, it strategically invests in multinational corporations (MNCs) and presents a unique proposition to potentially counteract inflation over extended periods. There is no lock-in period on this fund. It is an open-ended scheme, where investors can buy or sell fund units at any time.

Investment Objective of the Scheme

At its core, the ICICI Prudential MNC Fund Direct Plan-Growth is laser-focused on achieving long-term capital appreciation. It does this by primarily directing its assets towards equity and equity-related securities of multinational companies. MNCs are often characterised by their global presence, strong brand value, robust governance standards, and the ability to capitalise on economies of scale.

Key Features of The Fund

5-year return 26.38%
Expense Ratio 0.99%
Fund Manager Anish Tawakley
Fund Size ₹1831.22 Cr
Risk Profile Very High

Is This Scheme Right for Me?

ICICI Prudential MNC Fund Direct Plan-Growth can be suitable for investors who possess a deep understanding of macroeconomic trends and have a knack for making calculated, selective investment choices that could lead to enhanced returns when juxtaposed with other equity funds. Ideally, this fund is for those who are looking at an indicative investment horizon spanning five years or more. However, it's crucial for the potential investors to appreciate the associated risks. While the fund seeks to capitalise on the strengths of MNCs, the thematic nature means it could be more sensitive to global macroeconomic shifts. However, talk to your financial advisor and do your own research before making a decision.

AMC Contact Details

Name ICICI Prudential Mutual Fund
Launch Date June 1993
Addresss One BKC 13th Floor, Bandra Kurla Complex, Bandra, Mumbai – 400 051
Contact 18002006000 91 22 2652 5000
Email enquiry@icicipruamc.com
Website https://www.icicipruamc.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Invest Smart, Start Your SIP Today

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FAQs

What is today's NAV of ICICI Prudential MNC Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of ICICI Prudential MNC Fund Sep 05 2024 is 32.3

What is the AUM of ICICI Prudential MNC Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of ICICI Prudential MNC Fund is 1831.22 crore.

What is the expense ratio of ICICI Prudential MNC Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of ICICI Prudential MNC Fund is 0.99%

What are the returns of ICICI Prudential MNC Fund since inception?

The ICICI Prudential MNC Fund was launched on May 28 2019. The fund has delivered a CAGR of 25.2 since inception.

What is the minimum SIP amount to invest in ICICI Prudential MNC Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for ICICI Prudential MNC Fund is 100.

How do I invest in ICICI Prudential MNC Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in ICICI Prudential MNC Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in ICICI Prudential MNC Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in ICICI Prudential MNC Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.
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