ICICI Prudential Contra Fund

ICICI Prudential Contra Fund is a Growth Equity mutual fund managed by ICICI Prudential Mutual Fund.

The current NAV of ICICI Prudential Contra Fund is ₹10.00 as of Sep 28.

You can invest in ICICI Prudential Contra Fund directly on PhonePe Invest by searching for the fund, selecting your preferred mode (SIP or Lumpsum), and completing your KYC-verified investment in a few steps.

The minimum SIP amount for ICICI Prudential Contra Fund is ₹100.

ICICI Prudential Contra Fund has an exit load as follows: exit load of 1%, if redeemed within 1 month.

Short-term capital gains (STCG) on ICICI Prudential Contra Fund are taxed at a flat rate of 20% (plus applicable surcharge and 4% health & education cess) if you redeem your units within 12 months of purchase. If you hold your units for more than 12 months, the gains are classified as Long-Term Capital Gains (LTCG) and taxed at 12.5% without indexation benefits, but only on the component of total equity capital gains that exceeds ₹1.25 Lakh in a single financial year. Gains up to ₹1.25 Lakh are tax-exempt. The information set out above is included for general information purposes only and does not constitute legal, financial or tax advice. Tax laws are complex and subject to frequent amendments by the Government of India. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the mutual fund scheme.

ICICI Prudential Contra Fund is managed by Mr. Sankaran Naren.