About ICICI Prudential Equity Arbitrage Direct - Growth
ICICI Prudential Equity Arbitrage Direct - Growth scheme return performance in last 1 year is 6.66%, in last 3 years is 21.09% and 68.50% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Arbitrage fund leverages on the price differential of an asset (like stocks) in the cash and derivatives market to deliver low volatility returns. Being hybrid in nature, they are allowed to invest a significant portion towards equity and equity related instruments. Due to this, the capital gains from arbitrage funds are taxed in the same way as equity funds.