ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (11-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹44 Cr
Expense Ratio
0.99%
ISIN
INF109KC1093
Minimum SIP
-
Exit Load
No Charges
Inception Date
23 Mar 2018
About this fund
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹30.63, Assets Under Management (AUM) of 43.93 Crores, and an expense ratio of 0.99%.
- ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth has given a CAGR return of 18.88% since inception.
- The fund's asset allocation comprises around 97.68% in equities, 0.00% in debts, and 2.32% in cash & cash equivalents.
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
+46.34%
— (Cat Avg.)
3 Years
+25.03%
— (Cat Avg.)
5 Years
+24.21%
— (Cat Avg.)
Since Inception
+18.88%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹42.91 Cr | 97.68% |
| Others | ₹1.02 Cr | 2.32% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| TVS Motor Co Ltd | Equity | ₹4.72 Cr | 10.73% |
| ICICI Bank Ltd | Equity | ₹4.05 Cr | 9.21% |
| HDFC Bank Ltd | Equity | ₹3.07 Cr | 6.98% |
| Maruti Suzuki India Ltd | Equity | ₹2.93 Cr | 6.67% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹2.67 Cr | 6.07% |
| Avenue Supermarts Ltd | Equity | ₹2.54 Cr | 5.77% |
| Ethos Ltd | Equity | ₹2.44 Cr | 5.56% |
| Trent Ltd | Equity | ₹2.43 Cr | 5.53% |
| Redtape Ltd | Equity | ₹2.29 Cr | 5.21% |
| Bharti Airtel Ltd | Equity | ₹2.13 Cr | 4.84% |
| Reliance Industries Ltd | Equity | ₹1.64 Cr | 3.73% |
| Zomato Ltd | Equity | ₹1.63 Cr | 3.71% |
| State Bank of India | Equity | ₹1.54 Cr | 3.50% |
| Syngene International Ltd | Equity | ₹1.25 Cr | 2.85% |
| HCL Technologies Ltd | Equity | ₹1.15 Cr | 2.61% |
| Treps | Cash - Repurchase Agreement | ₹1.11 Cr | 2.53% |
| Infosys Ltd | Equity | ₹0.97 Cr | 2.21% |
| Tata Consultancy Services Ltd | Equity | ₹0.94 Cr | 2.13% |
| Britannia Industries Ltd | Equity | ₹0.78 Cr | 1.78% |
| Axis Bank Ltd | Equity | ₹0.78 Cr | 1.77% |
| Motherson Sumi Wiring India Ltd | Equity | ₹0.76 Cr | 1.72% |
| 360 One Wam Ltd Ordinary Shares | Equity | ₹0.7 Cr | 1.59% |
| R R Kabel Ltd | Equity | ₹0.54 Cr | 1.23% |
| Thirumalai Chemicals Ltd | Equity | ₹0.53 Cr | 1.20% |
| InterGlobe Aviation Ltd | Equity | ₹0.47 Cr | 1.07% |
| Net Current Assets | Cash | ₹-0.09 Cr | 0.22% |
Allocation By Market Cap (Equity)
Large Cap Stocks
78.32%
Mid Cap Stocks
4.58%
Small Cap Stocks
14.78%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Consumer Cyclical | ₹17.19 Cr | 39.13% |
| Financial Services | ₹10.13 Cr | 23.06% |
| Healthcare | ₹3.92 Cr | 8.92% |
| Consumer Defensive | ₹3.32 Cr | 7.55% |
| Technology | ₹3.06 Cr | 6.96% |
| Communication Services | ₹2.13 Cr | 4.84% |
| Energy | ₹1.64 Cr | 3.73% |
| Industrials | ₹1.01 Cr | 2.29% |
| Basic Materials | ₹0.53 Cr | 1.20% |
Risk & Performance Ratios
Standard Deviation
This fund
11.64%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.53
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
Rajat Chandak
Since March 2018
Additional Scheme Detailsas of 31st August 2024
ISIN | INF109KC1093 | Expense Ratio | 0.99% | Exit Load | No Charges | Fund Size | ₹44 Cr | Age | 23 Mar 2018 | Lumpsum Minimum | ₹500 | Fund Status | Unlisted Closed End 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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% | ₹4722.04 Cr | 32.6% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 31.1% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 32.9% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 32.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 31.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.80 Cr | 36.0% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 33.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 51.8% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 49.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 24.7% |
About the AMC
Total AUM
₹8,56,645 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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- Rajat Chandak
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.
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