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NAV as of ( Sep 09, 2022 )
₹ 606.01 0.25 % 1-D Change
Earn upto 0.74% extra returns with Direct Plan
ET Money Rank
Not yet ranked
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
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|ET Money Rank||Not yet ranked|
|Expense ratio||1.93% As on Jul 31, 2022|
|AUM (Fund Size)||₹ 10,146 Crs|
|Age||23 yrs 2 m Since Jul 09, 1999|
|Benchmark||Nifty 500 TRI|
SIP ₹ 500 &
Lumpsum ₹ 500
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You would have earned ₹ 1,001 in Direct Plan of this scheme
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Large Cap 72.93%
Mid Cap 7.74%
Small Cap 11.28%
Other Cap 0%
Bifurcation by Holding is not available for this fund
Bifurcation by Credit Quality is not available for this fund
Bifurcation by Instrument is not available for this fund
|Fund name||Annual Return %||Consistency||Value Research Rating|
|Quant Tax Plan||23.64%|
|Canara Robeco Equity Tax Saver Fund||17.09%|
|Mirae Asset Tax Saver Fund||16.32%|
|IDFC Tax Advantage (ELSS) Fund||14.28%|
|Kotak Tax Saver Fund||14.19%|
|PGIM India ELSS Tax Saver Fund||13.96%|
|ICICI Prudential Long Term Equity Fund (Tax Saving)||12.87%|
Sign-up for free to compare fund with elss funds
|Period||Trailing returns||Category average||Rank within category|
|1 month||1.74%||2.33%||17 / 24|
|3 months||13.88%||15.59%||18 / 24|
|6 months||5.75%||7.85%||19 / 24|
|1 year||3.64%||4.23%||13 / 24|
|3 years||19.4%||20.43%||12 / 24|
|5 years||12.87%||11.51%||5 / 23|
|10 years||15.66%||15.74%||8 / 18|
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
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).
Mr. Bihani has done MBA in Finance
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.
As on Jun 30, 2022
The ICICI Prudential Long Term Equity Fund (Tax Saving) is a 23 yrs 2 m old fund and has delivered average annual returns of 19.46% since inception.
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of ICICI Prudential Long Term Equity Fund (Tax Saving) for Sep 09, 2022 is 606.01 .
ICICI Prudential Long Term Equity Fund (Tax Saving)- Growth is the regular plan of the fund. For this plan of you pay 1.93% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 1.19%. That's 0.74% less.
Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.
So, the lower annual cost of the direct plan means you will earn 0.74% if you opt for direct plan of ICICI Prudential Long Term Equity Fund (Tax Saving)
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of ICICI Prudential Long Term Equity Fund (Tax Saving) is 1.93%. .
Redeeming your investments in ICICI Prudential Long Term Equity Fund (Tax Saving) is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in ICICI Prudential Long Term Equity Fund (Tax Saving) from anywhere else, you can go to the fund house website and put a request through it.
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of ICICI Prudential Long Term Equity Fund (Tax Saving) is ₹10,146 Crs.
The ICICI Prudential Long Term Equity Fund (Tax Saving) has invested the majority of its money in the stocks of the following companies -
|Company||Percentage of Portfolio|
|ICICI Bank Ltd.||9.24%|
|Axis Bank Ltd.||5.13%|
|Bharti Airtel Ltd.||4.75%|
|HDFC Bank Ltd.||4.34%|
|SBI Cards & Payments Services Ltd.||4.25%|
|HCL Technologies Ltd.||4.12%|
|Reliance Industries Ltd.||3.87%|
|Avenue Supermarts Ltd.||3.34%|
|State Bank of India||2.8%|
The ICICI Prudential Long Term Equity Fund (Tax Saving) has primarily invested in the following sectors
|Sector||Percentage of Portfolio|