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ICICI Prudential Long Term Wealth Enhancement Fund

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Value Research Rating

Unrated

Analyst’s Choice

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Riskometer

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Very High

₹21.4300 0.70%

As on 04-Dec-2023

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.

Returns

This fund's returns are currently better than the category average.

This fund’s holdings are mostly in Large Cap stocks and in debt instruments, which means it’s following
a conservative investment strategy. Last updated 2 days ago. Learn More

to

Calculate SIP Returns of ICICI Prudential Long Term Wealth Enhancement Fund

Upfront Investment

₹

Monthly SIP Amount

₹

Investment Duration

years
More Details about Returns arrow

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

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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.

Portfolio of ICICI Prudential Long Term Wealth Enhancement Fund

This fund's portfolio is largely conservative

This fund’s holdings are mostly in Large Cap stocks and in debt instruments, which means it’s following a
conservative investment strategy. Last updated 2 days ago.Learn More

Asset Allocation

Split between different types of investments

Market Cap Weightage

Split between categories of Equity investments

Portfolio Breakdown arrow

Taxation

Capital Gains Taxation

  • 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.

Dividend Taxation

  • 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.

Peer Comparison

This fund compares better than its peers in most aspects.

Detailed Comparison arrow

Other details of ICICI Prudential Long Term Wealth Enhancement Fund

Assets info

₹34 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

--

Min. SIP Investment (₹)

--

Min. No of Cheques

--

More Details arrow

Latest news on ICICI Prudential Long Term Wealth Enhancement Fund

fund-manager-changes-in-five-funds-of-icici-prudential-mutual-fund

Fund Manager changes in Five Funds of ICICI Prudential Mutual Fund

1 min read•By News Desk

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FAQ for ICICI Prudential Long Term Wealth Enhancement Fund

ICICI Prudential Long Term Wealth Enhancement Fund is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.

Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Long Term Wealth Enhancement Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of ICICI Prudential Long Term Wealth Enhancement Fund is ₹21.4300 as of 05-Dec-2023.

The AUM of ICICI Prudential Long Term Wealth Enhancement Fund Fund is ₹34 Cr as of 31-Oct-2023

The riskometer level of ICICI Prudential Long Term Wealth Enhancement Fund is Very High. See More

Company Percentage of Portfolio
ICICI Bank
9.35
TVS Motor Company
9.32
HDFC Bank
8.22
Reliance
7.24
Ethos
6.25
See More

As of 31-Oct-2023, ICICI Prudential Long Term Wealth Enhancement Fund had invested 97.06% in Equity and 2.94% in Cash & Cash Eq. See More

ICICI Prudential Long Term Wealth Enhancement Fund is 5 years 8 months old. It has delivered 14.29% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
18.16%
21.36%
16.18%
--
--
14.29%

Yes, There is lock in period in ICICI Prudential Long Term Wealth Enhancement Fund.

The expense ratio of ICICI Prudential Long Term Wealth Enhancement Fund is 1.38.

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