ICICI Pru MF files draft SID for G-Sec Index Fund-Dec 2030


ICICI Pru MF G-Sec Index Fund – Filed Draft Scheme Data Doc (SID) for December 2030 – Open-ended Goal Maturity Index Fund investing in parts of Nifty G-Sec December 2030 Index. Within the threat metrics, the scheme is grouped underneath the class of comparatively excessive rate of interest threat and comparatively low credit score threat.

The scheme goals to trace the Nifty G-Sec Dec 2030 index by maturing on or earlier than December 2030, by investing in authorities securities. Thus, the scheme will mature on December 31, 2030.

The scheme allocates 95-100 per cent in G-sec which varieties a part of the Nifty G-sec December 2030 index. The efficiency of the scheme will probably be benchmarked in opposition to the identical index. And Anuj Tagra will handle the fund.

Is the minimal utility quantity 31,000 and multiples 31 thereafter.

On the whole, the purchase and maintain plan will comply with an funding technique by which the prevailing Gsec will probably be held till maturity except bought to fulfill the redemption requirement. The index will probably be reviewed on the finish of every calendar quarter.

The portfolio of eligible securities invested by the scheme has, general, different liquidity parameters together with fundamental traits comparable to revised interval, weighted common maturity, mixture credit score scores, mixture yield-to-maturity (YTM), and so on. Nifty G-Sec with Dec 2030 Index. The load of the issuer of the scheme will probably be broadly per the burden of the issuer within the index and availability will probably be topic to g-sec; The scheme, normally, incorporates all of the securities which have an underlying index equal to the index.

When it comes to taxation, the revenue from the sale of the fund will probably be handled as capital acquire. Whereas short-term positive factors (if bought three years in the past) are taxed at relevant charges, long-term capital positive factors are taxed at 20 per cent with indexation positive factors.

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