ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth+0.60%

2Groww
-8.03%
1 Year Return
Equity
ELSS
2.0 star
6M
1Y
All

Fund Details

ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.92%
NAV10.1 (23 Aug 2019)
Fund Started22 Mar 2018
Fund Size39 Cr

Returns

1Y
3Y*
5Y*
Since inception*
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
-8.0%
NA
NA
0.6%
Category Average
-12.5%
6.8%
11.9%
-
Rank within category
6
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    30
    with -8.0% annual returns

    Comparison

    Data not available
    Pros
    Found nothing so far.
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity9.4%
    Kotak Mahindra Bank Ltd.FinancialEquity5.8%
    PVR Ltd.ServicesEquity4.9%
    Titan Company Ltd.Cons DurableEquity4.5%
    Indian Hotels Co. Ltd.ServicesEquity4.3%
    Bajaj Finserv Ltd.FinancialEquity4.2%
    Motherson Sumi Systems Ltd.AutomobileEquity4.0%
    State Bank of IndiaFinancialEquity4.0%
    Avenue Supermarts Ltd.ServicesEquity3.9%
    Shree Cement Ltd.ConstructionEquity3.6%
    See All

    Fund Managers

    addSankaran 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
    addRajat Chandak
    Education
    Mr. Chandak is a B.Com (H) and MBA.
    Experience
    He has been associated with ICICI Prudential AMC since 2008.
    Funds Managed
    addPriyanka 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

    Other Details

    ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is a Equity Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was introduced to investors on 22 Mar 2018. S Naren, Rajat Chandak is the Current Fund Manager of ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹39 Cr and the Latest NAV as of 23 Aug 2019 is ₹10.1.

    The ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    The scheme seeks to generate long term capital appreciation from a portfolio that is Invested predominantly in equity and equity related securitiesThe Scheme is a ten year close ended equity linked savings scheme that seeks 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.

    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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    About ICICI Prudential Mutual Fund

    Address
    One BKC, A-Wing, 13th Floor, Bandra Kurla Complex Mumbai 400051
    Phone
    022-26525000
    Launch Date
    12 Oct 1993
    ICICI Prudential Mutual Fund
    Asset Management Company
    Custodian
    NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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    + ₹1,000
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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