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ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.55 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -12.62 -0.53 1.88 2.45 20.20 -11.92 -8.42 2.86 6.22 14.24 --
S&P BSE 500 TRI -10.42 -0.76 2.76 5.61 22.89 -9.68 -5.65 2.53 6.22 11.40 --
Equity: ELSS -10.27 -0.77 2.21 4.59 19.23 -9.52 -5.26 1.47 5.79 13.17 --
Rank within category 30 8 31 37 16 29 29 13 14 10 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 08-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan  | Invest Now
3 star
Jan-13 -8.42 2.86 6.22 1.34 5,595
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 -0.60 7.37 8.72 0.93 19,127
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 0.50 3.83 7.94 0.94 9,177
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -3.03 3.58 8.29 0.94 5,359
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.30 7.06 -- 0.45 3,141

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.49 (01-Apr-2020 - 09-Apr-2020) -17.44 (11-Mar-2020 - 18-Mar-2020)
Month 20.72 (07-May-2014 - 06-Jun-2014) -35.98 (20-Feb-2020 - 23-Mar-2020)
Quarter 34.41 (24-Mar-2020 - 23-Jun-2020) -35.64 (23-Dec-2019 - 23-Mar-2020)
Year 78.87 (03-Sep-2013 - 03-Sep-2014) -32.16 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.54 20.86 -0.04 -0.04 0.95 0.20
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category 15 12 15 15 15 15
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 64
Top 10 Stocks (%) 47.41
Top 5 Stocks (%) 31.82
Top 3 Sectors (%) 49.36
Portfolio P/B Ratio 1.55
Portfolio P/E Ratio 12.48

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 79,470 81,886
Giant (%) 59.53 51.09
Large (%) 12.45 16.11
Mid (%) 17.84 24.48
Small (%) 10.18 8.30
Tiny (%) -- 0.22

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Bharti Airtel Communication -- 8.68 0.00 8.60
equal HDFC Bank Financial 22.35 6.99 0.00 6.60
up ICICI Bank Financial 24.97 6.75 0.00 6.05
down NTPC Energy 13.38 7.31 0.00 5.99
equal ITC FMCG 15.76 7.25 0.00 4.59
up Infosys Technology 19.88 5.42 1.52 4.12
equal Hindalco Inds. Metals 9.24 4.70 0.00 3.62
down ONGC Energy 9.41 4.53 0.00 2.83
equal Sun Pharmaceutical Inds. Healthcare 30.84 4.63 1.03 2.54
equal SBI Life Insurance Company Financial 59.85 3.90 0.00 2.47
up Axis Bank Financial 67.64 4.57 0.00 2.27
equal GAIL Energy 4.92 4.03 1.52 2.17
new Hindustan Unilever FMCG 76.03 2.06 0.00 2.06
down Astrazeneca Pharma India Healthcare 119.94 2.34 0.99 2.05
equal L&T Infotech Technology 23.54 2.29 0.00 2.03
down Cipla Healthcare 33.08 2.13 0.00 2.00
new Reliance Industries Energy 30.88 1.99 0.00 1.99
equal Larsen & Toubro Construction 13.84 5.01 0.00 1.96
equal Avenue Supermarts Services 115.44 2.06 0.00 1.83
up BPCL Energy 26.84 2.51 0.00 1.60
equal Ipca Laboratories Healthcare 34.12 3.83 1.52 1.52
equal Vedanta Metals -- 3.03 0.00 1.51
up Blue Star Cons Durable 32.70 2.14 0.00 1.48
equal Tata Steel Metals 25.85 2.02 0.00 1.36
down Maruti Suzuki India Automobile 32.16 3.09 0.00 1.28

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-May-2020

Fund Manager

— Harish Bihani since 05-Nov-2018

Education: Mr. Bihani has done MBA in Finance

Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with SBI Mutual Fund, Kotak Instituitional Equities, CIMB Securities, RBS Equities India Pvt. Ltd., Indiabulls Securities Ltd. and Reliance Equities International Pvt. Ltd.

Interviews:

Funds Managed:


-0.53%

Change from previous, NAV as on 08-Jul-2020

Growth: ₹ 367.0100

Dividend: ₹ 24.1100


Investment Strategy

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).

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 11.70%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 5,595 Cr (As on 31-May-2020)
Expense: 1.34% (As on 31-May-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 45.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend26-Jun-20200.5000

 13-Mar-20200.6198
 09-Dec-20190.6198
 16-Sep-20190.6198
 12-Jun-20190.6198
 18-Mar-20190.6198
 13-Dec-20180.6198
 12-Sep-20180.6198
 02-Jul-20180.6198
 14-Mar-20180.7000
 20-Dec-20170.7000
 08-Sep-20170.7000
 02-Jun-20170.7000
 03-Mar-20172.5500
 19-Feb-20161.5000
 06-Feb-20152.0000
 07-Nov-20142.0000
 10-Feb-20141.5000

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai - 400051

Phone: 022-26525000 / 1800-222-999 / 1800-200-6666

Fax: 022-26528100

Email: [email protected]

Website: http://www.icicipruamc.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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