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ICICI Prudential Long Term Equity Fund (Tax Saving)


1 Lakh

Investment Grown to
₹ 1.24 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.98 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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(₹)
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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 -2.37 -2.26 -1.65 -4.30 0.38 10.35 10.25 7.34 6.71 13.91 12.40
S&P BSE 500 TRI -1.15 -2.01 -1.35 -3.30 0.86 11.31 10.62 9.51 7.81 12.61 10.65
Equity: ELSS 0.91 -1.70 -0.81 -1.73 2.67 13.57 13.41 8.55 7.50 13.87 11.83
Rank within category 35 37 37 35 32 31 25 25 21 14 10
Number of funds in category 38 38 38 38 38 37 36 34 30 28 27

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 18.22 (14-May-2009 - 21-May-2009) -20.20 (01-Jun-2006 - 08-Jun-2006)
Month 41.05 (03-Dec-1999 - 04-Jan-2000) -38.84 (11-Apr-2000 - 12-May-2000)
Quarter 85.19 (22-Nov-1999 - 22-Feb-2000) -55.59 (22-Feb-2000 - 23-May-2000)
Year 158.38 (05-Mar-2009 - 05-Mar-2010) -57.93 (13-Mar-2000 - 13-Mar-2001)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.82 11.40 0.36 0.54 0.83 -1.01
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
Rank within category 22 3 19 18 2 17
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 60
Top 10 Stocks (%) 46.70
Top 5 Stocks (%) 29.54
Top 3 Sectors (%) 50.18
Portfolio P/B Ratio 1.83
Portfolio P/E Ratio 16.26

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 76,207 90,653
Giant (%) 55.98 50.67
Large (%) 16.49 15.11
Mid (%) 15.11 25.96
Small (%) 12.42 8.61
Tiny (%) -- 0.26

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 Bharti Airtel Communication -- 7.01 0.00 7.01
equal ICICI Bank Financial 36.13 6.75 0.00 6.56
equal NTPC Energy 5.60 6.67 0.00 5.91
up HDFC Bank Financial 25.23 5.79 0.00 5.79
equal ITC FMCG 16.65 7.25 0.00 4.28
equal Hindalco Inds. Metals 9.40 4.70 0.00 4.10
up ONGC Energy 5.80 4.53 0.00 4.04
down Infosys Technology 20.72 8.34 1.52 3.28
up Axis Bank Financial 42.77 4.89 0.00 2.90
up State Bank of India Financial 24.53 7.98 0.00 2.84
down Larsen & Toubro Construction 18.10 5.01 0.00 2.64
equal Ipca Laboratories Healthcare 29.96 3.83 1.90 2.42
down SBI Life Insurance Company Financial 67.92 3.90 0.00 2.33
up Indian Oil Corp. Energy 8.07 3.04 0.00 2.19
equal Sun Pharmaceutical Inds. Healthcare 23.87 4.63 0.00 2.06
equal Blue Star Cons Durable 37.11 2.14 0.00 2.05
equal GAIL Energy 8.48 4.03 0.00 1.99
equal Maruti Suzuki India Automobile 31.60 3.09 0.00 1.88
equal Vedanta Metals 5.85 3.03 0.00 1.88
equal L&T Infotech Technology 23.61 2.29 0.00 1.84
equal TVS Motor Co. Automobile 30.17 2.73 0.00 1.77
equal Tata Steel Metals 9.24 2.02 0.00 1.68
equal Cipla Healthcare 20.80 7.13 0.00 1.61
equal Astrazeneca Pharma India Healthcare 95.05 2.34 0.99 1.57
equal Quess Corp Financial 30.19 1.19 0.00 1.19

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

— 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.

Funds Managed:

— Sankaran Naren since 05-Nov-2018

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:


-2.26%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 383.0300

Dividend: ₹ 19.6500


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: 19-Aug-1999
Return Since Launch: 19.43%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,736 Cr (As on 31-Jan-2020)
Expense: 1.83% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 45.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend09-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
 07-Feb-20142.0000
 08-Feb-20132.0000
 24-Feb-20121.0000
 18-Feb-20112.0000
 04-Dec-20094.0000
 18-Jul-20081.5000
 18-Jan-20082.0000
 17-Aug-20072.0000
 09-Feb-20075.0000
 10-Nov-20062.5000

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