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Unrated

ICICI Prudential Long Term Wealth Enhancement Fund


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.92 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.

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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 -11.59 -0.87 -0.58 1.89 7.92 24.18 -7.68 -- -- -- --
S&P BSE 500 TRI -1.15 -1.20 -1.23 3.23 5.73 26.52 2.94 -- -- -- --
Equity: ELSS 0.81 -0.83 -0.44 1.27 8.91 27.49 4.05 -- -- -- --
Rank within category 25 15 14 6 16 21 25 -- -- -- --
Number of funds in category 25 25 25 25 25 25 25 16 6 2 1

As on 28-Oct-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 Wealth Enhancement Fund
Unrated
Mar-18 -7.68 -- -- 1.35 39
UTI Master Equity Plan Unit Scheme
Unrated
Mar-03 -0.52 1.50 6.98 1.43 1,635

Best & Worst Performance

Best (Period) Worst (Period)
Week 11.66 (26-May-2020 - 02-Jun-2020) -20.59 (16-Mar-2020 - 23-Mar-2020)
Month 19.82 (22-May-2020 - 23-Jun-2020) -39.61 (20-Feb-2020 - 23-Mar-2020)
Quarter 33.33 (19-May-2020 - 18-Aug-2020) -37.58 (23-Dec-2019 - 23-Mar-2020)
Year 23.09 (19-Feb-2019 - 19-Feb-2020) -32.05 (04-Apr-2019 - 03-Apr-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 6.61 21.81 0.07 0.08 -- --
Equity: ELSS* 3.67 24.92 -0.03 -0.04 1.07 -3.04
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 46.30
Top 5 Stocks (%) 27.55
Top 3 Sectors (%) 62.26
Portfolio P/B Ratio 3.56
Portfolio P/E Ratio 33.16

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 68,523 37,057
Giant (%) 50.70 32.37
Large (%) 11.11 16.57
Mid (%) 29.30 26.46
Small (%) 7.95 35.08
Tiny (%) 0.93 2.86

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
equal HDFC Bank Financial 22.10 9.94 5.07 7.11
equal Avenue Supermarts Services 164.76 7.58 3.01 5.91
equal Motherson Sumi Systems Automobile -- 8.39 3.64 5.30
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 5.20
equal Kotak Mahindra Bank Financial 34.35 6.49 4.10 4.92
equal TVS Motor Co. Automobile 67.19 5.70 3.25 4.29
equal ICICI Bank Financial 27.12 4.59 0.00 4.16
down Trent Services -- 6.00 0.00 3.72
equal Shree Cement Construction 52.64 4.63 2.62 3.67
equal PVR Services -- 5.65 3.01 3.63
equal Eicher Motors Automobile 44.21 3.75 0.00 3.58
equal United Breweries FMCG 160.83 4.30 0.00 3.47
equal Bharat Forge Automobile 413.94 3.62 0.00 3.33
equal KNR Constructions Construction 12.79 3.87 2.34 3.32
down Titan Company Cons Durable 148.31 5.21 3.00 3.15
equal Maruti Suzuki India Automobile 53.29 4.00 2.42 3.02
equal Indian Hotels Services 167.40 4.50 2.10 2.89
equal Britannia Inds. FMCG 47.48 4.02 1.93 2.77
equal CreditAccess Grameen Financial 33.73 2.67 0.00 2.59
new Bharti Airtel Communication -- 2.57 0.00 2.57
equal Tata Consultancy Services Technology 32.26 7.76 1.81 2.49
equal Interglobe Aviation Services -- 3.44 0.00 2.46
equal State Bank of India Financial 7.80 4.05 2.27 2.27
equal Axis Bank Financial 42.56 3.61 0.00 2.07
equal ITC FMCG 13.94 3.16 0.00 1.86

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 30-Sep-2020

Fund Manager

— Rajat Chandak since 22-Dec-2017

Education: Mr. Chandak is a B.Com (H) and MBA.

Experience: He has been associated with ICICI Prudential AMC since 2008.

Funds Managed:

— Sankaran Naren since 22-Dec-2017

Education: Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.

Experience: Prior to joining ICICI Prudential AMC he has worked with Refco Sify Securities India Pvt. Ltd., HDFC Securities Ltd. and Yoha Securities.

Interviews:

Funds Managed:


-0.87%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 10.2200

Dividend: ₹ 10.2200


Investment Strategy

The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.

Tenure (Days) 3650
Maturity date 21-Mar-2028

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 22-Mar-2018
Return Since Launch: 0.84%
Benchmark: NIFTY Large Midcap 250 TRI
Riskometer: Moderately High
Type: Closed-end

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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