ICICI Prudential Nifty EV & New Age Automotive ETF Direct growth

Equity • Technology • Direct growth

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Fund House

ICICI Prudential

Inc: 01 Oct 1994 • Total AUM: ₹5,41,775 Cr • Rank #3

ICICI Prudential Mutual Fund, started in 1998, has ICICI Bank as its sponsor. The fund house is headed by Nimesh Shah as the CEO. As of 31 March 2024, it has an AUM of ₹7,61,780 Cr. Its reach is spread across over 350 locations and an investor base of more than 9.2 million investors (as of November 2023).

Risk

Category risk

Very high

As provided by the fund house document, this risk is specific to this fund category (Equity). To know the risk of this fund particularly, check 'Risk vs Category'.

Fund Info

Equity

Technology

Direct growth

Launched On

09 Apr 2025

Lock-in Period

No lock-in

NAV

as of 04 Apr 2025

AUM

₹0 Cr

Benchmark

Fund Plan

Tax info and exit load

Taxes

Units held less than 1Y

20.00%

Units held more than 1Y

12.50%

Exit Load

There is no exit load

Fund Managers

Nishit Patel

Experience: 4.25 yrs • Total AUM: 2,70,287 Cr

Ashwini Shinde

Risk vs category

N/A

1 / 5

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Tax info and exit load

What is tax on Mutual funds?

Profits gained from investment in mutual funds are subject to taxation like any other asset-class investments. Factors that affect these taxes are:

Fund types (debt-oriented or equity)
Dividend
Capital gains
Holding period of investor

What is exit load?

It is a fee charged by the mutual fund houses if investors exit a scheme partially or fully within a certain period from the date of investment, as specified in the Scheme Information Document.

What are Indexation benefits?

Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it. A higher purchase price means lesser profits, which effectively means a lower tax. With the help of indexation, you will be able to lower your long-term capital gains, which brings down your taxable income.