ICICI Prudential Mutual Fund manages assets worth 855056 crores and was set up on 1993-10-12. Its current offering of mutual fund schemes includes 1644 debt, 331 hybrid, 277 equity, 193 other, 18 solution oriented funds. The company is led by its CEO Nimesh Shah.
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Equity funds provided by ICICI mutual funds are suitable for investors who understand the risk and volatility associated with equity markets. Investors willing to focus on long-term capital appreciation consider investing in these funds. Also, staying invested can help them avoid market volatility in the short term. Therefore, Best ICICI Equity Mutual Fund is suitable for a minimum investment duration of 5-7 years. However, before investing, investors must identify the investment objective of any ICICI Equity Fund. Moreover, ICICI Equity schemes are ideal for investment objectives of child education, retirement planning, buying a dream house, etc.
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An income arising from the sale of ICICI Equity Fund schemes generates a capital gain. Capital gain on ICICI Equity Mutual Fund is taxable depending on the holding period. The following table shows the taxation of ICICI Equity Funds –
Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) | |
Holding Period | If holding period is less than 12 months | If holding period is more than 12 months |
Taxation | Capital gains are taxable at 15% flat in investor’s hands irrespective of the income tax slab rate. | Capital gains up to Rs. 1 lakh is exempted. Above Rs. 1 lakh is taxable at the rate of 10% |
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