Home>Mutual Funds>ICICI Prudential Mutual Fund>ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
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Fund Details
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 0.88% |
| NAV | ₹13.04 (22 Jan 2021) |
|---|---|
| Fund Started | 22 Mar 2018 |
| Fund Size | ₹47 Cr |
Returns
1Y
3Y*
5Y*
Since inception*
Fund Returns
10.1%
-
-
9.9%
Category Average
19.3%
2.5%
16.5%
-
Rank Within Category
23
-
-
-
*All returns are annualized.
SIP
Minimum SIP amount₹500
Amount Per Month₹5,000
Would have become
₹0
with 10.1% returns per annum
Comparison
Data not available
Pros
1. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
3. Risk-adjusted returns are lower compared to the category
4. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 7.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.4% |
| Motherson Sumi Systems Ltd. | Automobile | Equity | 6.3% |
| Avenue Supermarts Ltd. | Services | Equity | 6.1% |
| ICICI Bank Ltd. | Financial | Equity | 5.1% |
| Eicher Motors Ltd. | Automobile | Equity | 4.8% |
| TVS Motor Co. Ltd. | Automobile | Equity | 4.7% |
| Shree Cement Ltd. | Construction | Equity | 3.6% |
| Reliance Industries Ltd - Partly Paid Equity | Energy | PPE | 3.5% |
| United Breweries Ltd. | FMCG | Equity | 3.5% |
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
Rajat Chandak
Education
Mr. Chandak is a B.Com (H) and MBA.
Experience
He has been associated with ICICI Prudential AMC since 2008.
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
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth 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 made available 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 fund.The fund currently has an Asset Under Management(AUM) of ₹47 Cr and the Latest NAV as of 22 Jan 2021 is ₹13.04.
The ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500.
Investment Objective
The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
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)
Not Supported
Min for First Investment
Not Supported
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
13 Oct 1993
E-mail
enquiry@icicipruamc.comWebsite
NAICICI Prudential Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
enq_h@camsonline.comWebsite
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