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