ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (17-May-24)
₹900.220.41%1D
Returns (Since Inception)
16.46%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹13,415 Cr
Expense Ratio
1.07%
ISIN
INF109K01Y31
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 11 years, 4 months and 19 days, having been launched on 01-Jan-13.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹900.22, Assets Under Management (AUM) of 13415.48 Crores, and an expense ratio of 1.07%.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹900.22, Assets Under Management (AUM) of 13415.48 Crores, and an expense ratio of 1.07%.
- ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth has given a CAGR return of 16.46% since inception.
- The fund's asset allocation comprises around 97.76% in equities, 0.00% in debts, and 2.24% in cash & cash equivalents.
- You can start investing in ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+35.47%
+37.53% (Cat Avg.)
3 Years
+19.22%
+19.84% (Cat Avg.)
5 Years
+17.83%
+18.79% (Cat Avg.)
10 Years
+15.81%
+15.94% (Cat Avg.)
Since Inception
+16.46%
— (Cat Avg.)
Portfolio Summaryas of 30th April 2024
| Equity | ₹13,115.07 Cr | 97.76% |
| Others | ₹300.41 Cr | 2.24% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹1,114.87 Cr | 8.31% |
| Bharti Airtel Ltd | Equity | ₹796.02 Cr | 5.93% |
| Maruti Suzuki India Ltd | Equity | ₹722.22 Cr | 5.38% |
| Avenue Supermarts Ltd | Equity | ₹710.01 Cr | 5.29% |
| HDFC Bank Ltd | Equity | ₹704 Cr | 5.25% |
| Axis Bank Ltd | Equity | ₹642.23 Cr | 4.79% |
| Reliance Industries Ltd | Equity | ₹554.03 Cr | 4.13% |
| Infosys Ltd | Equity | ₹473.04 Cr | 3.53% |
| Larsen & Toubro Ltd | Equity | ₹433.68 Cr | 3.23% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹412.65 Cr | 3.08% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹387.29 Cr | 2.89% |
| Treps | Cash - Repurchase Agreement | ₹330.02 Cr | 2.46% |
| NTPC Ltd | Equity | ₹328.12 Cr | 2.45% |
| SBI Life Insurance Company Limited | Equity | ₹293.33 Cr | 2.19% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹252.92 Cr | 1.89% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹242.91 Cr | 1.81% |
| Alkem Laboratories Ltd | Equity | ₹242.42 Cr | 1.81% |
| Syngene International Ltd | Equity | ₹234.33 Cr | 1.75% |
| PVR INOX Ltd | Equity | ₹234.12 Cr | 1.75% |
| TVS Motor Co Ltd | Equity | ₹230.37 Cr | 1.72% |
| UltraTech Cement Ltd | Equity | ₹220.78 Cr | 1.65% |
| United Breweries Ltd | Equity | ₹214.3 Cr | 1.60% |
| State Bank of India | Equity | ₹212.35 Cr | 1.58% |
| Mahindra Lifespace Developers Ltd | Equity | ₹208.57 Cr | 1.55% |
| ITC Ltd | Equity | ₹203.58 Cr | 1.52% |
| Max Financial Services Ltd | Equity | ₹194.85 Cr | 1.45% |
| Mankind Pharma Ltd | Equity | ₹184.3 Cr | 1.37% |
| HCL Technologies Ltd | Equity | ₹182.61 Cr | 1.36% |
| Inox Wind Ltd | Equity | ₹177.52 Cr | 1.32% |
| Hindustan Unilever Ltd | Equity | ₹166.2 Cr | 1.24% |
| Container Corporation of India Ltd | Equity | ₹151.12 Cr | 1.13% |
| Sundaram Fasteners Ltd | Equity | ₹146.87 Cr | 1.09% |
| Arvind Fashions Ltd | Equity | ₹137.64 Cr | 1.03% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹128.03 Cr | 0.95% |
| Zomato Ltd | Equity | ₹119.75 Cr | 0.89% |
| V-Mart Retail Ltd | Equity | ₹116.23 Cr | 0.87% |
| Cholamandalam Financial Holdings Ltd | Equity | ₹106.14 Cr | 0.79% |
| Bharat Petroleum Corp Ltd | Equity | ₹99.61 Cr | 0.74% |
| Multi Commodity Exchange of India Ltd | Equity | ₹87.11 Cr | 0.65% |
| Samvardhana Motherson International Ltd | Equity | ₹83.97 Cr | 0.63% |
| InterGlobe Aviation Ltd | Equity | ₹79.32 Cr | 0.59% |
| Mphasis Ltd | Equity | ₹77.49 Cr | 0.58% |
| Sapphire Foods India Ltd | Equity | ₹67.11 Cr | 0.50% |
| Apollo Tyres Ltd | Equity | ₹63.51 Cr | 0.47% |
| JSW Infrastructure Ltd | Equity | ₹60.22 Cr | 0.45% |
| Shilpa Medicare Ltd | Equity | ₹56.85 Cr | 0.42% |
| Quess Corp Ltd | Equity | ₹56.51 Cr | 0.42% |
| Chalet Hotels Ltd | Equity | ₹49.69 Cr | 0.37% |
| Aurobindo Pharma Ltd | Equity | ₹39.33 Cr | 0.29% |
| Blue Star Ltd | Equity | ₹36.24 Cr | 0.27% |
| Cello World Ltd | Equity | ₹35.39 Cr | 0.26% |
| Wockhardt Ltd | Equity | ₹34.59 Cr | 0.26% |
| Updater Services Ltd | Equity | ₹32.46 Cr | 0.24% |
| Tata Motors Ltd Class A | Equity | ₹31.72 Cr | 0.24% |
| Net Current Assets | Cash | ₹-29.61 Cr | 0.22% |
| Gandhar Oil Refinery (India) Ltd | Equity | ₹25.67 Cr | 0.19% |
| Indian Bank | Equity | ₹24.64 Cr | 0.18% |
| CarTrade Tech Ltd | Equity | ₹23.86 Cr | 0.18% |
| Bajaj Finance Ltd | Equity | ₹22.4 Cr | 0.17% |
| Aditya Birla Fashion and Retail Ltd | Equity | ₹21.81 Cr | 0.16% |
| PNC Infratech Ltd | Equity | ₹17.94 Cr | 0.13% |
| INOX India Ltd | Equity | ₹16.39 Cr | 0.12% |
| Ganesha Ecosphere Ltd | Equity | ₹16.33 Cr | 0.12% |
| Asian Paints Ltd | Equity | ₹15.82 Cr | 0.12% |
| Apeejay Surrendra Park Hotels Ltd | Equity | ₹14.35 Cr | 0.11% |
| Bajaj Finserv Ltd | Equity | ₹13.73 Cr | 0.10% |
| Barbeque-Nation Hospitality Ltd | Equity | ₹12.73 Cr | 0.09% |
| Navin Fluorine International Ltd | Equity | ₹10.26 Cr | 0.08% |
| Rolex Rings Ltd | Equity | ₹4.53 Cr | 0.03% |
| Greenpanel Industries Ltd Ordinary Shares | Equity | ₹3.16 Cr | 0.02% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹0.94 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
72.61%
Mid Cap Stocks
11.94%
Small Cap Stocks
13.21%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹4,173.89 Cr | 31.11% |
| Consumer Cyclical | ₹1,893.53 Cr | 14.11% |
| Healthcare | ₹1,458.34 Cr | 10.87% |
| Consumer Defensive | ₹1,294.09 Cr | 9.65% |
| Industrials | ₹1,065.93 Cr | 7.95% |
| Communication Services | ₹1,030.14 Cr | 7.68% |
| Technology | ₹733.14 Cr | 5.46% |
| Energy | ₹679.3 Cr | 5.06% |
| Utilities | ₹328.12 Cr | 2.45% |
| Basic Materials | ₹250.02 Cr | 1.86% |
| Real Estate | ₹208.57 Cr | 1.55% |
Risk & Performance Ratios
Standard Deviation
This fund
12.16%
Cat. avg.
12.86%
Lower the better
Sharpe Ratio
This fund
1.15
Cat. avg.
1.10
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.10
Higher the better
Fund Managers
Mittul Kalawadia
Since September 2023
SD
Sharmila D’mello
Since July 2022
Additional Scheme Detailsas of 30th April 2024
| ISIN | INF109K01Y31 | Expense Ratio | 1.07% | Exit Load | No Charges | Fund Size | ₹13,415 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
|---|
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4196.77 Cr | 33.7% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4196.77 Cr | 32.2% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹35641.94 Cr | 30.8% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹3360.61 Cr | 33.3% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹3360.61 Cr | 31.8% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹49.62 Cr | 41.2% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹49.62 Cr | 38.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹325.14 Cr | 58.0% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹325.14 Cr | 55.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1602.76 Cr | 26.6% |
About the AMC
Total AUM
₹7,40,943 Cr
Address
3rd Floor, Hallmark Business Plaza, Mumbai, 400 051
Other Funds by ICICI Prudential Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth?
The NAV of ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth, as of 17-May-2024, is ₹900.22.
What are the returns of ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth?
The fund has generated 35.47% over the last 1 year and 19.22% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth?
The fund's allocation of assets is distributed as 97.76% in equities, 0.00% in bonds, and 2.24% in cash and cash equivalents.
Who manages the ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth?
The fund managers responsible for ICICI Prudential Long Term Equity Fund ( Tax Saving) Direct Growth are:-
- Mittul Kalawadia
- Sharmila D’mello
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.