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ICICI Prudential Long Term Equity Fund (Tax Saving)


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.36 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.77 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 7.69 -2.93 -1.69 9.21 16.79 31.35 32.03 10.78 15.31 15.90 13.73
S&P BSE 500 TRI 6.05 -3.10 -2.00 7.93 14.21 30.70 34.31 11.12 17.54 15.55 12.49
Equity: ELSS 6.29 -2.74 -1.85 7.75 13.93 29.24 28.45 8.96 16.04 15.82 13.26
Rank within category 12 27 12 6 6 11 12 12 17 15 11
Number of funds in category 38 38 38 38 38 38 38 35 33 29 27

As on 26-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
ICICI Prudential Long Term Equity Fund (Tax Saving)  | Invest Now
3 star
Aug-99 32.03 10.78 15.31 2.06 7,597
Axis Long Term Equity Fund
4 star
Dec-09 23.36 13.67 17.37 1.61 25,508
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 31.42 11.91 18.43 1.85 7,332
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 39.63 15.26 23.31 1.83 5,648
UTI Long Term Equity Fund  | Invest Online
4 star
Dec-99 30.07 10.65 15.93 2.12 1,641

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 8.99 22.49 0.19 0.22 0.97 -0.08
S&P BSE 500 TRI 9.24 22.86 0.20 0.24 -- --
Equity: ELSS 7.30 22.40 0.12 0.14 0.95 -1.73
Rank within category 12 19 13 13 20 13
Number of funds in category 35 35 35 35 35 35

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

As on 31-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Stocks (%) 46.48
Top 5 Stocks (%) 30.66
Top 3 Sectors (%) 56.33
Portfolio P/B Ratio 2.53
Portfolio P/E Ratio 25.21

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,11,760 1,10,550
Giant (%) 55.96 52.11
Large (%) 20.83 15.12
Mid (%) 11.95 24.30
Small (%) 11.26 8.62
Tiny (%) -- 0.47

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 Bharti Airtel Communication -- 8.68 0.97 7.16
equal HDFC Bank Financial 27.56 7.50 1.92 6.94
equal ICICI Bank Financial 28.01 6.78 0.00 6.78
equal Infosys Technology 28.69 6.29 1.52 6.29
up HCL Technologies Technology 18.68 3.49 0.00 3.49
equal NTPC Energy 13.84 7.31 3.47 3.47
equal HDFC Financial 26.15 5.42 0.00 3.41
up Reliance Industries Energy 33.35 3.24 0.00 3.17
up Axis Bank Financial 74.19 3.38 0.00 3.03
up ITC FMCG 18.94 7.25 2.61 2.74
equal Hindalco Inds. Metals 34.38 4.70 0.00 2.62
equal GAIL Energy 7.63 3.69 1.71 2.17
equal Avenue Supermarts Services 202.66 2.14 0.00 2.11
equal Sun Pharmaceutical Inds. Healthcare 59.28 4.63 1.62 2.09
down L&T Infotech Technology 34.58 2.51 0.00 2.08
equal Larsen & Toubro Construction 17.63 5.01 0.00 2.07
equal SBI Life Insurance Company Financial 59.63 3.90 1.62 2.05
down Dixon Technologies Engineering 162.47 1.97 0.00 1.97
equal Hindustan Unilever FMCG 68.40 2.06 0.00 1.82
equal Maruti Suzuki India Automobile 46.43 3.09 0.95 1.74
up Blue Star Cons Durable 202.37 2.14 0.00 1.64
equal Ipca Laboratories Healthcare 22.03 3.26 1.36 1.36
up State Bank of India Financial 15.02 5.45 0.00 1.35
equal Cipla Healthcare 28.35 2.13 0.00 1.34
equal BPCL Energy 24.30 1.72 0.00 1.32

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-2021

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.

Interviews:

Funds Managed:


-2.93%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 479.9800

Dividend: ₹ 21.4000


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 (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: ICICI Prudential Mutual Fund
Launch Date: 19-Aug-1999
Return Since Launch: 19.69%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 7,597 Cr (As on 31-Jan-2021)
Expense: 2.06% (As on 31-Jan-2021)
Risk Grade: Below Average
Return Grade: Average
Turnover: 42.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend02-Dec-20200.7000

 10-Sep-20200.5000
 26-Jun-20200.5000
 13-Mar-20200.6198
 09-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

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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