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ICICI Prudential Long Term Equity Fund (Tax Saving)


1 Lakh

Investment Grown to
₹ 1.35 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.00 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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 7.12 2.24 7.66 8.54 10.58 8.40 12.53
S&P BSE 500 TRI 7.97 1.57 8.28 9.13 13.06 9.29 10.22
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 20 5 25 18 21 17 5
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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 10.50 11.66 0.40 0.63 0.83 -1.38
S&P BSE 500 TRI 13.11 13.17 0.56 0.86 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 24 2 17 17 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 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 55
Top 10 Stocks (%) 46.52
Top 5 Stocks (%) 29.07
Top 3 Sectors (%) 46.76
Portfolio P/B Ratio 1.95
Portfolio P/E Ratio 18.80

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 73,438 2,78,517 96,702
Giant (%) 53.34 59.50 52.39
Large (%) 19.45 18.52 15.16
Mid (%) 12.24 16.63 24.27
Small (%) 14.98 5.32 8.53
Tiny (%) -- 0.01 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Bharti Airtel Communication 6.61 0.00 6.61
equal ICICI Bank Financial 67.66 6.50 0.00 6.50
up NTPC Energy 9.75 6.67 0.00 6.19
equal Infosys Technology 19.54 8.34 1.52 5.22
equal ITC FMCG 21.38 7.25 0.00 4.55
equal Hindalco Inds. Metals 80.15 4.53 0.00 4.40
equal ONGC Energy 6.50 4.53 0.00 3.97
up Larsen & Toubro Construction 19.37 3.74 0.00 3.53
equal Axis Bank Financial 47.71 4.89 0.00 2.80
down SBI Life Insurance Company Financial 79.64 3.90 0.00 2.74
equal HDFC Bank Financial 29.57 6.11 0.00 2.69
down State Bank of India Financial 29.35 7.98 0.00 2.58
equal LIC Housing Fin. Financial 8.28 2.82 0.00 2.27
equal Ipca Laboratories Healthcare 23.96 3.94 1.90 2.24
equal Sun Pharmaceutical Inds. Healthcare 24.31 4.63 0.00 2.17
equal Maruti Suzuki India Automobile 35.88 3.09 0.00 2.00
equal Vedanta Metals 7.21 3.03 0.00 2.00
equal Blue Star Cons Durable 39.63 2.14 0.00 1.95
equal TVS Motor Co. Automobile 30.65 2.73 0.00 1.83
equal GAIL Energy 10.48 4.03 0.00 1.76
up Cipla Healthcare 22.56 7.96 0.00 1.70
equal Tata Steel Metals 5.88 2.02 0.00 1.66
equal Indian Oil Corp. Energy 10.80 3.04 0.00 1.65
equal L&T Infotech Technology 19.39 2.29 0.00 1.63
equal Thomas Cook (India) Services 49.81 5.23 1.39 1.62

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-Nov-2019

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:


1.13%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 386.2100

Dividend: ₹ 19.8200


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 (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 19-Aug-1999
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,630 Cr (As on 30-Nov-2019)
Expense: 2.13% (As on 31-Oct-2019)
Risk Grade: Below Average
Return Grade: Average
Turnover: --

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM