Home>Mutual Funds>ICICI Prudential Mutual Fund>ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
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Fund Details
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.82% |
| NAV | ₹479.34 (16 Apr 2021) |
|---|---|
| Fund Started | 19 Aug 1999 |
| Fund Size | ₹8,310 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
60.1%
10.6%
12.9%
11.7%
Category Average
59.7%
8.8%
13.3%
-
Rank Within Category
20
10
18
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount₹500
Amount Per Month₹5,000
Duration
1Y back
3Y back
5Y back
Would have become
₹0
with 60.1% returns per annum
Comparison
Data not available
Pros
1. Age is more than 10 years
2. 1Y Returns are higher than the category average returns
3. 3Y Returns are higher than the category average returns
4. Exit load is zero
Cons
1. Higher expense ratio - 1.82%
2. 5Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 6.8% |
| ICICI Bank Ltd. | Financial | Equity | 6.7% |
| Infosys Ltd. | Technology | Equity | 6.5% |
| Bharti Airtel Ltd. | Communication | Equity | 5.7% |
| HCL Technologies Ltd. | Technology | Equity | 3.6% |
| National Thermal Power Corp. Ltd. | Energy | Equity | 3.3% |
| Reliance Industries Ltd. | Energy | Equity | 3.3% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 3.3% |
| Axis Bank Ltd. | Financial | Equity | 3.2% |
| ITC Ltd. | FMCG | Equity | 2.7% |
See All
Fund Managers
Sankaran Naren
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.
Funds Managed
Priyanka Khandelwal
Education
Ms. Khandelwal is Chartered Accountant and Company Secretary
Experience
She has been Working with ICICI Prudential Mutual Fund Since October 2014.
Funds Managed
Harish Bihani
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
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth Details
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 19 Aug 1999. George Heber Joseph is the Current Fund Manager of ICICI Prudential Long Term Equity Fund (Tax Saving) Growth fund.The fund currently has an Asset Under Management(AUM) of ₹8,310 Cr and the Latest NAV as of 16 Apr 2021 is ₹479.34.
The ICICI Prudential Long Term Equity Fund (Tax Saving) Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
Investment Objective
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).
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
Scheme Information Document(SID)
₹500
Min for First Investment
₹500
Min for Second Investment
Nil
Exit Load
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ICICI Prudential Long Term Equity Fund (Tax Saving) Growth
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About ICICI Prudential Mutual Fund
Address
One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
Phone
022-26525000
Launch Date
13 Oct 1993
E-mail
enquiry@icicipruamc.comWebsite
NAICICI Prudential Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
enq_h@camsonline.comWebsite
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