ICICI Prudential Mutual Fund manages assets worth 874991 crores and was set up on 1993-10-12. Its current offering of mutual fund schemes includes 1644 debt, 277 equity, 331 hybrid, 184 other, 18 solution oriented funds. The company is led by its CEO Nimesh Shah.
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Fund Name | Scripbox Opinion | Till Date CAGR | |
---|---|---|---|
20.622% | 17.151% | ||
10.073% | 10.883% | ||
20.178% | 18.048% | ||
13.303% | 13.372% | ||
9.126% | 8.694% | ||
23.071% | 22.502% | ||
11.889% | 10.01% |
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The tax on ICICI MF Hybrid funds depends on the percentage of exposure of the scheme towards equity and debt. If the scheme is exposed to equity securities of more than 65%, then the tax treatment is similar to that of an equity fund. Otherwise, the taxation will be similar to that of debt funds. Therefore, the following table shows the taxation of ICICI Hybrid Mutual Funds –
Funds | Short Term Capital Gains (STCG) | Long Term Capital Gains (LTCG) |
Equity oriented fund | Holding Period: less than 12 months Tax: at 15% flat in investor’s hands irrespective of the income tax slab rate. | Holding period: 12 months or more Tax: Capital gains up to Rs. 1 lakh are exempted. Above Rs. 1 lakh is taxable at 10% |
Debt-oriented Fund* | Holding Period: less than 36 months Tax: The capital gains are added to the overall income and taxed as per the individual income tax slab rate. | Holding Period: 36 months or more Tax: Capital gains are taxable at 20% with indexation. |
*Note: As per the Finance Bill 2023, debt mutual funds will no longer have the LTCG benefit from April 1st 2023. Thus, capitals gains arising from debt funds from the said date will be taxable as per the investor’s income tax slab rate.
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