ICICI Prudential Long Term Wealth Enhancement Fund - Cumulative Option

ICICI Prudential Long Term Wealth Enhancement Fund - Cumulative Option is a scheme launched by ICICI Mutual Fund on March 22, 2018, and falls under the ELSS fund category. It currently manages an AUM of Rs 38.38 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 1.39% for managing the portfolio.

• Investing Strategy:

  to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit

• Performance:

  ICICI Prudential Long Term Wealth Enhancement Fund - Cumulative Option trailing returns over different times are -0.33% (1 year), 19.72% (3 year) and 23.34% (5 year). The average annual return of this fund stands at 5.41%.