ICICI Prudential Long Term Equity Fund (Tax Saving) (G)

3
ELSS NAV 355.51 0 16 August, 2019
  • 8.56%
  • 8Y 6M

ICICI Prudential Long Term Equity Fund (Tax Saving) is an open-ended scheme, with a statutory lock-in period of 3 years. The fund seeks to generate long-term capital appreciation by investing in the equity and equity-related securities. ICICI Prudential Long Term Equity Fund G provides the tax benefit to investors under Section 80C of the Income Tax Act, 1961.

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 19 August, 1999
Benchmark NIFTY 500 TRI
Asset Size(Cr) 6435.59 (As on June 30, 2019)
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 1000
Exit Load 0
Expense Ratio 2.14% (As on June 30, 2019)
Fund Manager George Heber Joseph (3.1)

Investment Returns (As on 16 Aug, 2019)

  • 3 Month -3.76%
  • 6 Month 4.58%
  • 1 Year -4.69%
  • 3 Year 6.27%
  • 5 Year 8.56%
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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Fund Review

Asset Allocation

  • Equity: 97.27%
  • Debt: 0.00%
  • Cash: 2.74%

Top Sector Allocation

  • Sector Allocation (%)
  • InfosysLtd4.6975
  • ThomasCookIndiaLtd4.6835
  • SundaramFinanceLtd4.034
  • ICICIBankLtd3.8184
  • ITCLtd3.4672
  • GlaxoSmithKlineConsumerHealthcareLtd3.3717
  • HDFCBankLtd3.1718
  • TataConsultancyServicesLtd3.0327
  • IpcaLaboratoriesLtd2.9718
  • LarsenToubroLtd2.8833

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
ICICI Prudential Long Term Equity Fund (Tax Saving) (G) -4.69% 6.27% 8.56%
Mirae Asset Tax Saver Fund (G) -0.71% 13.93% %
Axis Long Term Equity Fund (G) -1.61% 10.32% 12.89%
L&T Tax Advantage Fund (G) -10.56% 7.54% 9.91%
Aditya Birla Sun Life Tax Relief 96 (G) -10.53% 7.23% 11.69%

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ICICI Prudential Long Term Equity Fund: A Tax-Saving Plan

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 saving fund, 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.

ICICI Prudential Long Term Equity Fund Growth: Investment Philosophy

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:

  • Tax deductions up to Rs.1.5 Lac as provided under the provisions of Income Tax Act.
  • Smaller lock-in period of three years in comparison with various other traditional tax-saving solutions.
  • High-yielding returns with the potential of saving taxes on the dividends.
  • Tax-free capital gains from the long-term investments made in the equity stock.

ICICI Pru Long Term Equity Fund: Portfolio Analysis

ICICI long term equity 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. Top holdings of ICICI prudential long term equity fund include:

  • ICICI Bank- Banking
  • Cipla- Pharmaceuticals
  • HDFC Bank- Banking
  • Thomas Cook- Miscellaneous
  • Kotak Mahindra Bank- Banking

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.

ICICI Prudential Long Term Equity Tax Saving G : Performance Review

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. ICICI prudential long term equity 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.

Accordingly, one can opt for the ICICI Prudential Long Term Equity Fund G 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. At MySIPonline, you’ll be served with the various technologies that includes your personal dashboard to monitor your fund’s daily performance; the SIP calculator to analyse the value of your SIP investments at different time horizons; and the Tax Calculator to determine the tax liabilities for any given year.

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Meet Our Clients
I was paying a large amount as income tax, but one day I was surfing the internet regarding saving taxes and come across the website. It has listed various funds of the category, and I started investing in ICICI Prudential Long Term Equity Fund (Tax Saving). This fund has perfectly fitted into my risk profile and also offer good returns to me in the past one and a half year. The website and the services provided by the distribution house are very helpful. Thank you so much!
Aditya Kumar
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