ICICI Prudential Equity and Derivatives Fund

[mayurkotlikar]

I was searching for a fund that will give me moderate returns (FD style, 8-9% pa) and should be tax free (like MF if I redeem it after 1 year).

I came across>> ICICI Prudential Equity and Derivatives Fund - Income Optimiser Plan

I think Arbitrage and Derivatives is a good option in very unstable market.

I started SIP in this fund, with intention to start a small saving each month. Even after so much meltdown, the returns are still +ve. Meaning, I have not lost my capital at least.

MF gurus can let me know if this is a safe bet.

 

[Vicky78]

This fund is hedged 100%. So you cannot have negative returns (unless extremely poorly managed). On top of it the returns are tax free!! Arbitrage funds are good funds to have in a portfolio.

The only disadvantage is the aribitrage oppurtunities may dry up in a low volume market. So the returns may be slightly lower.

 

[HItender]

Hey MF GURUS,

Any idea which MF to go for in this category.

 

[HItender]

I dont think ICICI Prudential Equity and Derivatives Fund - Income Optimiser Plan has given decent retrun as comapred to others.

No offense but there nust be others in same category which must have given returns more than 10%

 

[irfan91]

ICICI introduce SIP service, Please any one explain me how SIP is workin ...

 

[rajivnc]

ICICI introduce SIP service, Please any one explain me how SIP is workin ...

Not only ICICI, but HDFC, Reliance, IDFC, Birla Sun life, Sundaram, DSPBR etc etc., too have SIP. Please read more about Systematic Investment Plan [SIP] in this forum. Spent some time in various sections. That will be worth to make good financial planning in your life. All the very best.:thumb: