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: 1.82% As on (31-03-2021) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 8,310.4 Cr As on (31-03-2021) |
| Turn over: 42% | Exit Load: Nil |
485.06
2.89 (0.5958%)
19.56%
NIFTY 500 TRI 16.54%
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 | 0.67 |
| Alpha | -6.33 |
| Beta | 0.93 |
| 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 | 60.56 | 13.08 | 10.82 | 12.97 | 13.27 |
| quant Tax Plan - Growth Option - Regular Plan | 01-04-2000 | 123.75 | 39.34 | 25.41 | 22.92 | 14.75 |
| IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth | 26-12-2008 | 87.85 | 18.75 | 9.76 | 16.14 | 15.03 |
| Mirae Asset Tax Saver Fund-Regular Plan-Growth | 05-12-2015 | 74.63 | 21.96 | 16.33 | 21.23 | - |
| Franklin India Taxshield-Growth | 05-04-1999 | 69.84 | 12.13 | 8.65 | 11.36 | 13.16 |
| Parag Parikh Tax Saver Fund- Regular Growth | 08-07-2019 | 69.26 | - | - | - | - |
| JM Tax Gain Fund (Regular) - Growth option | 31-03-2008 | 68.99 | 18.09 | 12.02 | 16.46 | 13.36 |
| BOI AXA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 68.86 | 29.52 | 12.69 | 18.5 | 14.31 |
| DSP Tax Saver Fund - Regular Plan - Growth | 05-01-2007 | 67.1 | 18.89 | 13.49 | 16.28 | 15.0 |
| Nippon India Tax Saver (ELSS) Fund-Growth Plan-Growth Option | 05-09-2005 | 66.01 | 7.0 | 2.35 | 8.08 | 11.64 |
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
14.23%
Others
3.92%
Large Cap
75.67%
Mid Cap
6.16%
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
