Kolkata Stocks：ICICI Prudential Nifty Next 50 Index Direct-Growth

About ICICI Prudential Nifty Next 50 Index Direct-GrowthKolkata Stocks

1. ICICI Prudential Nifty Next 50 Index Fund – Direct Plan is Open-ended Large Cap Equity scheme which belongs to ICICI Prudential Mutual Fund House.

2. The fund was launched on Jan 01, 2013.

Investment objective & Benchmark

1. The investment objective of the fund is that ” The objective of the fund is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the above index as closely as possibleNagpur Investment. “

2. It is benchmarked against NIFTY Next 50 Total Return Index.

Asset Allocation & Portfolio Composition

1. The asset allocation of the fund comprises around 99.93592694% in equities, 0.0% in debts and 0.06407283% in cash & cash equivalents.

2. While the top 10 equity holdings constitute around 36.28% of the assets, the top 3 sectors constitute around 44.870000000000005% of the assets.

3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations – around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.

Tax Implications on ICICI Prudential Nifty Next 50 Index Direct-Growth

1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.Agra Wealth Management

2. For units redeemed after 1 year of investment, gains of upto RsLucknow Stock. 1 lakh accruing from those units in a financial year shall be exempted from tax.

3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax – LTCG).

4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.Kolkata Investment

Bangalore Wealth Management