ICICI Prudential Flexicap Fund-Growth

Creating Wealth with ICICI Prudential Flexi Cap Fund in 2023

It is an open-ended scheme with more than 97 percent investment in domestic equities. The scheme was launched in July 2021 and has provided a return of 9 percent (as on 13th February 2023) to investors since its inception. ICICI Prudential Flexi Cap Fund’s indicative investment horizon is five years and above. It is the duration for which investors should hold their investment in this scheme. The fund has a majority of its investment in large cap companies (~57%), with small portions in mid cap (~13%) and small cap stocks (5%).

Investment Objective

The purpose of this mutual fund scheme is to generate long-term capital appreciation by investing

in equity & equity-related investment instruments of different market capitalization. Thus, the company fund holds investments in large, mid as well as small cap companies. 

Entry and Exit Load

Entry load is not applicable in the case of ICICI Prudential Flexi Cap Fund. However, an exit load of 1% of applicable Net Asset Value is levied in case the investment is redeemed or switched out within 12 months or one year from the date of allotment. No exit load is applicable in case the investment is redeemed or switched out after 12 months or one year from the date of allotment of mutual fund units.

Minimum Investment Amount 

You may choose to invest in ICICI Prudential Flexi Cap Fund in a lump sum amount or through a systematic investment plan (SIP). You can begin you investment journey in the fund with the first lump sum investment of INR 5000. However, you can make subsequent lump sum investments starting from INR 1000. While the minimum amount for Daily, Weekly, Fortnightly, Monthly SIPs is INR 100 with a minimum of six installments, you can start a quarterly SIP with INR 5000 (with minimum four installments). 

Here's the best option to invest in daily sip, you may start with Rs. 100 without hassle.

Fund Manager 

While Mr. Rajat Chandak is the primary fund manager, Ms. Sharmila D’Mello manages the overseas investment under the ICICI Prudential Flexi Cap Fund. 

Other Funds by ICICI Prudential Mutual Fund

ICICI Prudential Technology Fund - Growth

ICICI Prudential US Bluechip Equity Fund - Growth

ICICI Prudential Thematic Advantage Fund (FOF) - Growth

ICICI Prudential Value Discovery Fund - Growth

ICICI Prudential Equity & Debt Fund - Growth

ICICI Prudential Multi-Asset Fund - Growth

ICICI Prudential Smallcap Fund - Growth

Frequently Asked Questions about ICICI Prudential Flexi Cap Fund

Q. How can I invest in ICICI Prudential Flexi Cap Fund? 

A. You can invest in  ICICI Prudential Flexi Cap Fund in three easy steps as mentioned below: 

• Sign up or sign in on ZFunds.
• Search for ICICI Prudential Flexi Cap Fund.
• Invest a lump sum of INR 5000 or begin an SIP with just INR 100.

Q. What is the fund size for ICICI Prudential Flexi Cap Fund? 

A. The current fund size for ICICI Prudential Flexi Cap Fund is INR 11,035 as on 31st January 2023. 

Q. What is expense ratio and what is it for ICICI Prudential Flexi Cap Fund Regular Growth? 

A. The expense ratio are the annual charges investors pay towards fund management. The expense ratio for ICICI Prudential Flexi Cap Fund Regular Growth as on 13th February 2023 is 1.77 percent, which is much below the category average. Moreover, its current NAV or net asset value is INR 11.4.