About ICICI Prudential Nifty Infrastructure ETF- Growth
1. ICICI Prudential Nifty Infrastructure ETF is Open-ended Sectoral-Infrastructure Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Aug 17, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors. "
2. It is benchmarked against NIFTY Infrastructure Total Return Index.
Asset Allocation & Portfolio Composition
1Mumbai Wealth Management. The asset allocation of the fund comprises around 99.9935752% in equities, 0.0% in debts and 0.00642468% in cash & cash equivalents.
2Bangalore Stock Exchange. While the top 10 equity holdings constitute around 71.32000000000001% of the assets, the top 3 sectors constitute around 72.53% of the assets.
3. The fund largely follows a Growth 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 Infrastructure ETF- Growth
1Surat Investment. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto RsAhmedabad Investment. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than RsLucknow Wealth Management. 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.
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