ICICI Prudential Equity Savings Fund is a hybrid fund in the equity savings category. The fund invests its assets equally across 3 asset classes, namely, equity, debt & arbitrage. Such funds are suitable for investors who are looking to invest for a period of 2 to 5 years. Equity investments in the fund offer good returns, while the debt allocation offers stability to the fund. The cash portion is used to earn risk free returns from arbitrage positions.
The NAV of the ICICI Prudential Equity Savings Fund as on 7th April 2022 was Rs. 17.32.