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Please let me know more about ICICI Prudential Advisor Series Dynamic Accrual Plan

I have invested about INR 5 lacs in ICICI DYNAMIC ACCRUAL FUND-GROWTH. Kindly please let me know the composition distribution of this fund. i.e, in what all categories of companies/bonds this fund has invested and about what percentage? Also if I start to use SWP after one year of my investment, to avoid EXIT LOADS and CGs, then upto what amount should it be feasible to withdraw p.m., so that the the growth of the corpus is not affected during the time of maturity of the fund. Also please let me know upto how much time period should I need to hold the investment in the fund to avoid tax?

Sep 6, 2016 by Jita, Kolkata  |   Mutual Fund

ICICI Prudential Advisor Series - Dynamic Accrual Plan is a fund of fund which seeks to provide reasonable returns, by making active allocation to the various debt & money market schemes of domestic or offshore mutual funds based on the interest rate outlook, the credit spreads and other such parameters.

The allocation of investments will be made primarily in schemes of ICICI Prudential Mutual Fund as follows:

Money market schemes/ cash and liquid plans (Maximum 70%, Minimum 0%). Debt oriented schemes (Maximum 100%, Minimum 30%).

Please see the complete details and the portfolio here https://www.advisorkhoj.com/mutual-funds... Investors having a low risk appetite and a shorter duration of investment may look for this fund.

The fund is highly rated by Valueresearchonline as a 5 Star. The fund has given decent returns of 3.55%, 10.05%, 11.35% and 9.46% in 3 months, I year, 3 year and 5 year time periods respectively.

If you want to withdraw through monthly SWP route than withdrawing Rs. 3,750 per month looks okay assuming withdrawal rate @9% per annum. Your investment horizon for this fund should be at least 1 year or more.

With regards to tax, please note that since this is a fund of fund the taxation of debt fund would be applicable for this fund. That means all withdrawals within and upto 3 years would be treated as short term capital gains and above 3 years would be treated as long term capital gains with indexation. To know more about taxation on SWP of these category of fund, please read this - https://www.advisorkhoj.com/company...

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