ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth
Fund House: ICICI Prudential Mutual Fund| Category: Equity: ELSS |
| Launch Date: 19-08-1999 |
| Asset Class: Equity |
| Benchmark: NIFTY 500 TRI |
| Expense Ratio: 1.93% As on (31-07-2022) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 10,146.29 Cr As on (31-08-2022) |
| Turn over: 27% | Exit Load: Nil |
578.65
-10.06 (-1.7385%)
19.19%
NIFTY 500 TRI 16.39%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
The scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call).
Current Asset Allocation (%)
Indicators
| Volatility | 13.18 |
| Sharp Ratio | 0.74 |
| Alpha | -1.61 |
| Beta | 1.0 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth | 19-08-1999 | -4.0 | 28.72 | 16.4 | 12.25 | 14.71 |
| Quant Tax Plan - Growth Option - Regular Plan | 01-04-2000 | 11.84 | 46.09 | 38.06 | 22.03 | 20.34 |
| HDFC Taxsaver - Growth Plan | 05-03-1996 | 4.79 | 30.78 | 15.08 | 9.01 | 12.9 |
| Parag Parikh Tax Saver Fund- Regular Growth | 08-07-2019 | 2.91 | 25.98 | 22.12 | - | - |
| IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth | 26-12-2008 | 1.48 | 35.4 | 21.08 | 12.65 | 16.73 |
| Kotak Tax Saver-Scheme-Growth | 01-11-2005 | 1.46 | 27.57 | 17.32 | 12.59 | 14.3 |
| Sundaram Tax Savings Fund (Formerly Known as Principal Tax Savings Fund) Regular Growth | 02-01-2013 | 0.69 | 29.62 | 17.89 | 10.72 | 15.65 |
| SBI Long Term Equity Fund - Regular Plan- Growth | 31-03-1993 | 0.22 | 26.5 | 16.96 | 10.43 | 13.34 |
| PGIM India ELSS Tax Saver Fund - Regular Plan - Growth Option | 11-12-2015 | -0.04 | 29.98 | 17.36 | 11.89 | - |
| Franklin India Taxshield-Growth | 05-04-1999 | -0.19 | 32.11 | 14.91 | 10.35 | 14.26 |
Scheme Characteristics
Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
11.11%
Others
9.41%
Large Cap
71.85%
Mid Cap
7.62%
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
