ICICI Prudential Nifty 50 Index Fund - Cumulative Option

An Open-Ended Index Linked Growth Scheme Seeking To Track The Returns Of The Cnx Nifty Through Investments In A Basket Of Stocks Drawn From The Constituents Of The Above Index. The Objective Of The Scheme Is To Invest In Companies Whose Securities Are Included In Nifty And Subject To Tracking Errors, To Endeavor To Achieve The Returns Of The Above Index As Closely As Possible. This Would Be Done By Investing In Almost All The Stocks Comprising The Cnx Nifty In Approximately The Same Weightage That They Represent In Cnx Nifty. The Plan Will Not Seek To Outperform The Cnx Nifty Or To Under Perform It. The Objective Is That The Performance Of The Nav Of The Plan Should Closely Track The Performance Of The Cnx Nifty Over The Same Period.

Tax Implications

Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds