ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth
EquityELSS (Tax Savings)Very High Risk
Regular
NAV (04-Oct-24)
₹934.11-0.87%1D
Returns (Since Inception)
19.79%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹14,907 Cr
Expense Ratio
1.71%
ISIN
INF109K01464
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
19 Aug 1999
About this fund
ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth is a ELSS (Tax Savings) mutual fund schemes offered by ICICI Prudential Mutual Fund. This fund has been in existence for 25 years, 1 months and 17 days, having been launched on 19-Aug-99.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹934.11, Assets Under Management (AUM) of 14907.37 Crores, and an expense ratio of 1.71%.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹934.11, Assets Under Management (AUM) of 14907.37 Crores, and an expense ratio of 1.71%.
- ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth has given a CAGR return of 19.79% since inception.
- The fund's asset allocation comprises around 95.49% in equities, 0.00% in debts, and 4.51% in cash & cash equivalents.
- You can start investing in ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular 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
+38.19%
+39.70% (Cat Avg.)
3 Years
+15.87%
+17.77% (Cat Avg.)
5 Years
+21.33%
+22.11% (Cat Avg.)
10 Years
+14.11%
+15.29% (Cat Avg.)
Since Inception
+19.79%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹14,234.95 Cr | 95.49% |
| Others | ₹672.41 Cr | 4.51% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹1,219.23 Cr | 8.18% |
| HDFC Bank Ltd | Equity | ₹980.59 Cr | 6.58% |
| Avenue Supermarts Ltd | Equity | ₹745.72 Cr | 5.00% |
| Maruti Suzuki India Ltd | Equity | ₹740.2 Cr | 4.97% |
| Bharti Airtel Ltd | Equity | ₹737.85 Cr | 4.95% |
| Treps | Cash - Repurchase Agreement | ₹699.44 Cr | 4.69% |
| Axis Bank Ltd | Equity | ₹653.25 Cr | 4.38% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹638.93 Cr | 4.29% |
| Infosys Ltd | Equity | ₹587.14 Cr | 3.94% |
| Larsen & Toubro Ltd | Equity | ₹568.69 Cr | 3.81% |
| Reliance Industries Ltd | Equity | ₹551.01 Cr | 3.70% |
| NTPC Ltd | Equity | ₹500.86 Cr | 3.36% |
| TVS Motor Co Ltd | Equity | ₹408.7 Cr | 2.74% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹384.58 Cr | 2.58% |
| SBI Life Insurance Co Ltd | Equity | ₹377.81 Cr | 2.53% |
| Syngene International Ltd | Equity | ₹295.4 Cr | 1.98% |
| Alkem Laboratories Ltd | Equity | ₹271.47 Cr | 1.82% |
| PVR INOX Ltd | Equity | ₹268.83 Cr | 1.80% |
| Krishna Institute of Medical Sciences Ltd | Equity | ₹226.8 Cr | 1.52% |
| Inox Wind Ltd | Equity | ₹213.05 Cr | 1.43% |
| State Bank of India | Equity | ₹209.61 Cr | 1.41% |
| Max Financial Services Ltd | Equity | ₹207.18 Cr | 1.39% |
| HCL Technologies Ltd | Equity | ₹201.67 Cr | 1.35% |
| UltraTech Cement Ltd | Equity | ₹178.7 Cr | 1.20% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹168.32 Cr | 1.13% |
| Mahindra Lifespace Developers Ltd | Equity | ₹166.41 Cr | 1.12% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹139.58 Cr | 0.94% |
| ITC Ltd | Equity | ₹133.48 Cr | 0.90% |
| Bharat Petroleum Corp Ltd | Equity | ₹133.41 Cr | 0.89% |
| Mankind Pharma Ltd | Equity | ₹133.3 Cr | 0.89% |
| United Breweries Ltd | Equity | ₹133.09 Cr | 0.89% |
| V-Mart Retail Ltd | Equity | ₹128.6 Cr | 0.86% |
| Zomato Ltd | Equity | ₹117.75 Cr | 0.79% |
| Arvind Fashions Ltd | Equity | ₹112.38 Cr | 0.75% |
| PDS Ltd | Equity | ₹112.09 Cr | 0.75% |
| InterGlobe Aviation Ltd | Equity | ₹96.21 Cr | 0.65% |
| Chalet Hotels Ltd | Equity | ₹88.4 Cr | 0.59% |
| Brainbees Solutions Ltd | Equity | ₹83.04 Cr | 0.56% |
| Shilpa Medicare Ltd | Equity | ₹79.27 Cr | 0.53% |
| Sapphire Foods India Ltd | Equity | ₹78.66 Cr | 0.53% |
| Bajaj Finance Ltd | Equity | ₹78.07 Cr | 0.52% |
| Hindustan Unilever Ltd | Equity | ₹73.44 Cr | 0.49% |
| Samvardhana Motherson International Ltd | Equity | ₹70.3 Cr | 0.47% |
| Sundaram Fasteners Ltd | Equity | ₹67.81 Cr | 0.45% |
| Wockhardt Ltd | Equity | ₹65.33 Cr | 0.44% |
| IndusInd Bank Ltd | Equity | ₹64.59 Cr | 0.43% |
| Aurobindo Pharma Ltd | Equity | ₹53.15 Cr | 0.36% |
| Apollo Tyres Ltd | Equity | ₹46.15 Cr | 0.31% |
| SAMHI Hotels Ltd | Equity | ₹44.18 Cr | 0.30% |
| Quess Corp Ltd | Equity | ₹43.13 Cr | 0.29% |
| Eicher Motors Ltd | Equity | ₹38.69 Cr | 0.26% |
| JSW Infrastructure Ltd | Equity | ₹38.58 Cr | 0.26% |
| Updater Services Ltd | Equity | ₹37.37 Cr | 0.25% |
| Power Grid Corp Of India Ltd | Equity | ₹33.74 Cr | 0.23% |
| FSN E-Commerce Ventures Ltd | Equity | ₹32.4 Cr | 0.22% |
| Bajaj Finserv Ltd | Equity | ₹31.92 Cr | 0.21% |
| Aster DM Healthcare Ltd Ordinary Shares | Equity | ₹31.55 Cr | 0.21% |
| Kalpataru Projects International Ltd | Equity | ₹30.9 Cr | 0.21% |
| TBO Tek Ltd | Equity | ₹30.04 Cr | 0.20% |
| CarTrade Tech Ltd | Equity | ₹28.84 Cr | 0.19% |
| Net Current Assets | Cash | ₹-27.03 Cr | 0.18% |
| Redtape Ltd | Equity | ₹26.83 Cr | 0.18% |
| Power Mech Projects Ltd | Equity | ₹26.05 Cr | 0.17% |
| Ganesha Ecosphere Ltd | Equity | ₹25.72 Cr | 0.17% |
| Techno Electric & Engineering Co Ltd | Equity | ₹22.71 Cr | 0.15% |
| PNC Infratech Ltd | Equity | ₹17.99 Cr | 0.12% |
| Asian Paints Ltd | Equity | ₹17.2 Cr | 0.12% |
| Barbeque-Nation Hospitality Ltd | Equity | ₹14.41 Cr | 0.10% |
| INOX India Ltd | Equity | ₹14.26 Cr | 0.10% |
| Apeejay Surrendra Park Hotels Ltd | Equity | ₹12.65 Cr | 0.08% |
| Navin Fluorine International Ltd | Equity | ₹9.9 Cr | 0.07% |
| Multi Commodity Exchange of India Ltd | Equity | ₹8.81 Cr | 0.06% |
| PI Industries Ltd | Equity | ₹7.55 Cr | 0.05% |
| Blue Star Ltd | Equity | ₹6.82 Cr | 0.05% |
| Rolex Rings Ltd | Equity | ₹5.93 Cr | 0.04% |
| Greenpanel Industries Ltd Ordinary Shares | Equity | ₹3.95 Cr | 0.03% |
| Gufic Biosciences Ltd | Equity | ₹2.69 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
72.48%
Mid Cap Stocks
9.14%
Small Cap Stocks
13.03%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹4,523.56 Cr | 30.34% |
| Consumer Cyclical | ₹2,165.73 Cr | 14.53% |
| Healthcare | ₹1,797.9 Cr | 12.06% |
| Industrials | ₹1,263.8 Cr | 8.48% |
| Consumer Defensive | ₹1,085.73 Cr | 7.28% |
| Communication Services | ₹1,006.68 Cr | 6.75% |
| Technology | ₹788.82 Cr | 5.29% |
| Energy | ₹684.43 Cr | 4.59% |
| Utilities | ₹534.6 Cr | 3.59% |
| Basic Materials | ₹217.29 Cr | 1.46% |
| Real Estate | ₹166.41 Cr | 1.12% |
Risk & Performance Ratios
Standard Deviation
This fund
12.17%
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
0.90
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
Mittul Kalawadia
Since September 2023
SD
Sharmila D’mello
Since July 2022
Additional Scheme Detailsas of 31st August 2024
ISIN | INF109K01464 | Expense Ratio | 1.71% | Exit Load | No Charges | Fund Size | ₹14,907 Cr | Age | 25 years 1 month | 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
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% | ₹4806.05 Cr | 39.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4806.05 Cr | 37.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 35.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 37.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4152.25 Cr | 35.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.61 Cr | 39.9% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.61 Cr | 37.6% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 55.2% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.29 Cr | 52.4% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 28.5% |
About the AMC
Total AUM
₹8,71,687 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) Regular Growth?
The NAV of ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth, as of 04-Oct-2024, is ₹934.11.
What are the returns of ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth?
The fund has generated 38.19% over the last 1 year and 15.87% 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) Regular Growth?
The fund's allocation of assets is distributed as 95.49% in equities, 0.00% in bonds, and 4.51% in cash and cash equivalents.
Who manages the ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular Growth?
The fund managers responsible for ICICI Prudential Long Term Equity Fund ( Tax Saving) Regular 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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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.
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.