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ICICI Prudential Constant Maturity Gilt Fund Review

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ICICI Prudential constant maturity gilt fund

About ICICI Prudential Mutual Fund 

ICICI prudential mutual fund is the second largest AMCs globally. From the past 30 years, they are playing an instrumental role in acquainting Indian investors with the concept of mutual funds. The fund house handles Assets Under Management (AUM) across different asset classes like debt instruments, sectorial funds, and equities to name a few. Following the strategy of ‘customer-centric tactic’, ICICI prudential mutual fund flaunts a blend of resourcefulness and expertise, thus, giving investors optimum, innovative, and consistent returns against market risks. The sponsors are: ICICI Bank, Prudential Corporation Asia, Prudential Plc, Jackson National Life Insurance Company, and Eastspring Investments amongst others.  

Pros of the Fund 

Here: 

  • Low expense ratio 
  • 1-year returns are higher than the benchmark 
  • 3-year returns are high as compared to the benchmark 
  • 5-year returns are high as compared to the benchmark 
  • Also, the exit load is ZERO 

About ICICI Prudential Constant Maturity Gilt Fund 

ICICI Prudential Constant Maturity Gilt Fund is a debt mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 12th Sept 2014 to its investors. Currently, the fund is managed by Rahul Goswami. Talking about AUM, it is of INR 121 Cr, and, the latest NAV is of INR 17.30 (dated as of 9th April 2020). The fund growth is rated as moderate risk. Also, the minimum SIP investment is INR 1000, and, minimum lumpsum investment is INR 5000.  

Investment Objective 

The objective is to provide significant returns by investing in portfolio of Government Securities with a maturity of 10 years as an average. But, there is no such assurance that the objective of the investment will be fulfilled or not.  

Tax Implications 

Returns are taxed as per the income tax slab, only if sold before 3 years.  

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected]  

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

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