Large Cap Funds invest a minimum of 80% of their assets in stocks of large cap companies
Mid Cap Funds invest a minimum of 65% of their assets in equity shares of mid cap companies
Small Cap Funds invest a minimum of 65% of their assets in equity shares of small cap companies
Flexi Cap Funds invest in equity shares of large cap, mid cap and small cap companies in any proportion based on market conditions
Multi Cap Funds invest at least 25% each in equity shares of large cap, mid cap and small cap companies
Large and Mid Cap Funds invest a minimum of 35% each in equity shares of large cap & mid cap companies
ELSS is a tax-saving mutual fund that allows you to save taxes up to Rs. 46,800 in a Financial year u/s 80C
As Equity Funds invest in equity markets, they can generate higher returns to help you create wealth in the long term
Equity Funds allow investors to invest in a diversified portfolio across different companies, sectors & market capitalizations
You can start investing in Equity Funds through SIP with as low as Rs 100 per month
Long Term Capital Gains - Tax free up to gains of Rs 1 lakh, Just 10% beyond Rs 1 lakh
Claim deductions of up to Rs 1,50,000 from your taxable income and save taxes up to Rs 46,800 in a FY u/s 80C with ELSS Funds
You get the convenience of investing periodically through SIP (Systematic Investment Plan) or one–time through Lumpsum mode
Equity funds provide opportunities to reasonably grow investors’ capital over the long term
Compared to traditional investment avenues, equity funds have the potential to generate better inflation adjusted returns
A Mutual Fund is an investment vehicle through which investors pool their money to earn returns on their investments. The corpus of funds is managed by an investment professional known as Fund Manager. The Fund Manager invests the corpus in different securities such as bonds, stocks, gold and other asset classes as per scheme’s defined objective and seeks to generate returns. The gains (or losses) on the investment are shared collectively by the investors in proportion to their contribution.
Equity Funds are mutual fund schemes which invests their assets in stocks of different companies based on the investment objective of the underlying scheme. These funds are a great investment option for capital appreciation as they have the potential for long term wealth creation.
As per SEBI’s classification, Equity Mutual Funds are categorised in to following sub-categories:
Here are some salient features of Equity Mutual Funds in India:
There are two ways of investing in mutual funds - via a systematic investment plan (SIP) or investing through a one-time lump sum mode. The primary difference between the two is in a lump sum you invest the whole amount in one go and in SIP, you invest at fixed intervals such as monthly.
Following are the capital gains applicable for Equity Funds:
Yes, most of the Equity Fund schemes levy an exit load if you withdraw from your investments before one year. For more details regarding exit load applicable, please refer factsheet of Asset Management Companies.
After you place your order, you can view the details of your transaction from the Order Book in ICICIdirect.com. Also an email will be sent to your registered email address.
As decided by the AMC, there is a minimum transaction amount indicated against each scheme. You will get to see the minimum transaction amount for each scheme while placing your Mutual Fund order.
Yes, you can transact at any time of the day. However, in order to get the applicable NAV for the current day you would have to transact before the cut-off time of the scheme and it is subject to realisation of funds by the AMC. If you place any order after the said cut-off time, you would be eligible for applicable NAV of the next day. As per SEBI guidelines the cut-off time for accepting orders in Non-liquid funds (including Equity Funds) is 1500 hrs. However, taking into account internal transaction processing time, ICICIdirect.com has kept the cut-off time, for accepting orders in Equity Funds as 1400 hrs.
Yes, you can place your request even on a holiday. However, the request would be processed on the next business day and your order will be processed as per applicable NAV of the next business day.