|Fund Type||Open Ended|
|Asset Size(Cr)||5,522 (As on Jul 31, 2018)|
|Fund Manager||George Heber Joseph (3.1)|
|Min SIP Investment||1000|
|Min Addl Investment||1000|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Sector||Value(In Cr)||Allocation (%)|
|CONSUMER NON DURABLES||4032.263||8.0272|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment || Amount Invested || Investment Value As on date || Units Purchased || CAGR |
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested || Investment Value As on Date || Total Units Purchased || Abs. Return |
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
|ITCLtd||Equity||CONSUMER NON DURABLES||-||1741.67||3.4672|
|GlaxoSmithKlineConsumerHealthcareLtd||Equity||CONSUMER NON DURABLES||-||1693.721||3.3717|
|HindustanZincLtd||Equity||NON - FERROUS METALS||-||681.286||1.3563|
|ZeeEntertainmentEnterprisesLtd||Equity||MEDIA AND ENTERTAINMENT||-||539.549||1.0741|
|BhartiAirtelLtd||Equity||TELECOM - SERVICES||-||511.177||1.0176|
|AsianPaintsLtd||Equity||CONSUMER NON DURABLES||-||268.627||0.5348|
|NestleIndiaLtd||Equity||CONSUMER NON DURABLES||-||244.832||0.4874|
|EmamiLtd||Equity||CONSUMER NON DURABLES||-||83.413||0.1661|
|CBLO||Cash - Collateral||-||-||1098.188||2.1862|
ICICI Prudential Long-Term Equity Fund has been among the top performing mutual funds in India since its inception and has helped many investors in gaining a huge wealth. It is an equity-linked saving scheme(ELSS), which is focused on offering tax-saving solutions to the investors. Here is a brief description of the same to help you make aware of its properties.
As we know, there are different opportunities that individuals can employ to save taxes u/s 80C of Income Tax Act. But, an Equity Linked Savings Scheme is more opportunistic for individuals as it provides a shorter lock-in period of three years and the potential to offer higher returns, which are exempt from taxes. ICICI Prudential Tax Plan, which is an open-ended equity linked savings scheme, is an opportunity aimed at fetching the benefits of investing in equity and also providing tax benefits under the Indian tax regime to the investors.
This scheme offered by ICICI Prudential Mutual Fund has a lock-in period of three years, which provides fund manager with the flexibility of making strategic and long-term investments in a well-diversified portfolio. It comprises a mix of large and medium-sized stocks, chosen after intensive fundamental analysis and in-depth research and has the potential of long-term capital appreciation along with growth. The key benefits offered by this programme include:
This plan holds a remarkable existence in the mutual fund market because of the trailing returns offered by the same. It is ranked third in the ELSS category by CRISIL for the quarter ended June 2016. Furthermore, it holds three-star rating as well, which is a proof of its well-being position. Its annualised returns as against the set benchmark, i.e., NIFTY 500 and the average returns of its category are comparatively higher. It offers 26.4% and 18.9% returns for investment held for three- and five-year horizon.
ICICI Prudential Long Term Equity Fund NAV as on September 30th, 2016 amounted to Rs.301.180 which has helped many investors in computing the worth of their investment amount. This long-term equity plan from ICICI Mutual Fund has all the major traits which are required by an effective plan to accomplish the goals of investors.
The scheme holds an asset size of Rs.3,582 crore as on August 31, 2016, of which 95.59% is invested in the equities and the remaining is put in the debt and cash instruments. The majority of the funds are put in the banking, pharmaceuticals, and other miscellaneous sectors. Its top holdings include:
Hence, the investments are made majorly in the top-known entities of the country. Furthermore, the sectors in which the monies are put have the potential for growing money higher.
Accordingly, one can opt for the ICICI Prudential Long-Term Equity Plan for saving taxes and earning huge wealth in the future. It would benefit the investor in the best possible manner and offer maximum yields in order to accomplish their financial goals.