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Unrated

ICICI Prudential Long Term Wealth Enhancement Fund


1 Lakh

Investment Grown to
₹ 1.20 Lakh

Analyst's Choice?

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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.42 -0.92 -0.34 0.68 4.87 17.69 20.20 -- -- -- --
S&P BSE 500 TRI 0.88 -0.59 -0.41 -1.20 3.23 11.44 13.57 -- -- -- --
Equity: ELSS 5.04 -0.22 -0.36 1.79 7.18 16.02 15.53 -- -- -- --
Rank within category 22 25 11 14 20 6 8 -- -- -- --
Number of funds in category 25 25 25 25 25 25 25 11 4 2 1

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.44 (17-Sep-2019 - 24-Sep-2019) -5.22 (01-Oct-2018 - 09-Oct-2018)
Month 12.93 (23-Aug-2019 - 23-Sep-2019) -11.78 (07-Sep-2018 - 09-Oct-2018)
Quarter 14.97 (19-Sep-2019 - 19-Dec-2019) -11.66 (27-Jul-2018 - 26-Oct-2018)
Year 20.06 (29-Jan-2019 - 29-Jan-2020) -9.97 (21-Aug-2018 - 22-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 11.88 12.82 0.48 0.72 -- --
Equity: ELSS* 9.12 15.01 0.26 0.35 1.03 -2.96
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 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 27
Top 10 Stocks (%) 52.78
Top 5 Stocks (%) 30.55
Top 3 Sectors (%) 71.07
Portfolio P/B Ratio 4.23
Portfolio P/E Ratio 34.97

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 72,949 36,552
Giant (%) 47.89 37.81
Large (%) 17.44 11.80
Mid (%) 30.07 23.99
Small (%) 4.60 38.59
Tiny (%) -- 3.31

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 25.42 9.56 5.07 8.96
equal Kotak Mahindra Bank Financial 36.85 5.91 4.10 5.70
equal PVR Services 72.59 5.57 3.01 5.55
equal Motherson Sumi Systems Automobile 28.02 8.39 3.77 5.36
equal Avenue Supermarts Services 127.35 5.55 3.01 4.97
equal Bajaj Finserv Financial 38.44 4.89 3.04 4.88
equal Trent Services 254.75 4.51 0.00 4.51
equal ICICI Bank Financial 37.24 4.59 0.00 4.44
equal Titan Company Cons Durable 76.63 5.21 3.00 4.41
equal United Breweries FMCG 74.72 4.03 0.00 3.98
equal Indian Hotels Services 40.32 4.50 2.10 3.76
equal TVS Motor Co. Automobile 30.30 5.70 3.25 3.72
equal Shree Cement Construction 65.74 3.62 2.62 3.62
equal State Bank of India Financial 24.28 4.05 2.81 3.39
equal KNR Constructions Construction 13.44 3.87 2.34 3.39
equal Bharat Forge Automobile 30.44 3.17 0.00 3.17
equal Axis Bank Financial 43.39 3.61 0.00 3.08
equal Maruti Suzuki India Automobile 33.78 4.00 2.42 2.69
equal CreditAccess Grameen Financial 31.99 2.49 0.00 2.43
equal Interglobe Aviation Services 44.96 3.44 0.00 2.35
equal ITC FMCG 17.04 3.16 0.00 2.22
equal Godrej Agrovet FMCG 28.94 3.05 1.87 2.11
equal Eicher Motors Automobile 24.70 3.75 0.00 2.09
equal Britannia Inds. FMCG 56.19 4.02 1.93 2.03
equal Tata Consultancy Services Technology 25.28 7.76 1.81 1.81

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-Jan-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:


-0.92%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 11.8400

Dividend: ₹ 11.8400


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: 9.29%
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: 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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM