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


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.41 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.57 Lakh

Suitability:

"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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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
ICICI Pru Long Term Equity (Tax Saving) Direct-G -9.75 -0.48 3.08 -2.27 -8.57 -8.85 3.05 12.15 12.01 11.87 --
S&P BSE 500 TRI -9.56 -0.34 2.87 -3.09 -8.51 -8.74 0.86 13.24 11.62 11.61 --
Equity: ELSS -10.64 -0.38 2.94 -2.73 -8.32 -9.81 0.18 12.90 10.93 11.32 --
Rank within category 16 27 14 10 20 16 9 15 10 10 --
Number of funds in category 36 36 36 36 36 36 36 34 32 28 1

As on 29-Jun-2022

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 3.05 12.15 12.01 1.14% 9,533
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.24 17.18 15.48 0.57% 11,805
DSP Tax Saver Fund - Direct Plan
4 star
Jan-13 -0.11 15.30 12.87 0.84% 9,504
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -0.02 16.34 14.94 0.66% 3,602
IDFC Tax Advantage (ELSS) Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.92 16.83 13.54 0.77% 3,570

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 94.98 23-Mar-2020 - 23-Mar-2021 -32.16 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
ICICI Pru Long Term Equity (Tax Saving) Direct-G 15.80 22.70 0.54 0.60 1.01 -0.61
S&P BSE 500 TRI 16.28 22.07 0.58 0.66 -- --
Equity: ELSS 15.94 21.57 0.57 0.62 0.95 0.34
Rank within category 13 29 20 19 31 21
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 31-May-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 49
Top 10 Stocks (%) 46.40
Top 5 Stocks (%) 29.88
Top 3 Sectors (%) 55.26
Portfolio P/B Ratio 3.39
Portfolio P/E Ratio 22.58

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,37,347 1,36,894
Giant (%) 55.03 53.53
Large (%) 23.21 17.41
Mid (%) 12.46 22.72
Small (%) 9.29 6.68
Tiny (%) -- 0.21

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
up ICICI Bank Financial 19.63 8.65 4.28 8.65
up Infosys Technology 27.84 6.84 2.61 6.48
up HCL Technologies Technology 19.57 5.18 0.22 5.08
equal Bharti Airtel Communication 94.34 8.68 4.87 4.87
up Axis Bank Financial 13.85 5.07 1.81 4.80
equal HDFC Bank Financial 19.70 7.50 2.59 4.39
up SBI Cards & Payments Services Financial 44.85 3.59 0.00 3.59
equal Reliance Industries Energy 29.05 3.43 0.00 3.20
up Tech Mahindra Technology 17.55 3.42 0.00 2.72
equal State Bank of India Financial 11.77 3.88 0.98 2.62
up Avenue Supermarts Services 148.79 2.92 0.00 2.53
equal SBI Life Insurance Company Insurance 72.36 3.90 1.89 2.46
equal Sun Pharmaceutical Industries Healthcare 60.84 2.54 1.89 2.30
up Larsen & Toubro Construction 25.28 5.01 1.68 2.21
equal HDFC Financial 17.50 3.67 0.00 2.10
equal Ashok Leyland Automobile -- 2.01 0.00 2.01
equal ICICI Lombard General Insurance Company Insurance 43.50 2.15 0.00 2.00
down Mahindra & Mahindra Automobile 20.85 1.99 0.00 1.99
equal Maruti Suzuki India Automobile 66.07 2.42 0.95 1.78
equal INOX Leisure Services -- 1.74 0.00 1.74
equal United Breweries Consumer Staples 105.66 1.63 0.00 1.62
up Hindalco Inds. Metals & Mining 5.60 4.70 1.61 1.61
equal V-Mart Retail Services 420.05 1.76 0.00 1.53
up Mphasis Technology 30.34 1.45 0.00 1.45
equal Container Corporation Of India Services 34.47 1.39 0.00 1.39

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-2022

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:


-0.48%

Change from previous, NAV as on 29-Jun-2022

Growth: ₹ 583.5300

IDCW: ₹ 32.5600


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 6
Min. Withdrawal (₹) 1
Min. Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 14.62%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 9,533 Cr (As on 31-May-2022)
Expense: 1.14% (As on 31-May-2022)
Risk Grade: Average
Return Grade: Average
Turnover: 28.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW14-Jun-20220.7000

 16-Mar-20220.7000
 22-Dec-20210.7000
 14-Sep-20210.7000
 10-Jun-20210.7000
 15-Mar-20210.7000
 02-Dec-20200.7000
 10-Sep-20200.5000
 26-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

Contact Information

AMC: ICICI Prudential Asset Management Company Ltd

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

Fax: 022-26528100

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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