December 30, 2025
RA Jainee
ICICI Prudential ELSS Tax Saver
| Fund at a Glance | |
| NAV Growth (Rs.) | 955.09 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 23.26 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 14,957 Cr |
| (As on 30-Nov-2025) | |
| Expense | 1.71% |
| 1 Year Return (%) | 8.45 |
| 3 Year Return (%) | 15.94 |
| 5 Year Return (%) | 16.56 |
| 10 Year Return (%) | 13.37 |
| Return Since Launch | 18.87% |
⚖️ Sahifund Review – ICICI Prudential ELSS Tax Saver Fund
✓ PLUS: Stability, track record, diversification
This is one of India’s oldest ELSS funds (launched 1999) with a long, battle-tested track record across multiple market cycles. The fund offers steady long-term wealth creation, with ~19% returns since launch and consistent performance versus the ELSS category. Portfolio is well diversified across large, mid and selective small caps, reducing stock-specific risk. Suitable for disciplined SIP investors seeking tax efficiency plus equity growth.
⚖️ MINUS: Higher expense ratio, large-cap tilt, return moderation
Expense ratio at 1.71% is on the higher side, which can eat into long-term compounding. Portfolio shows a strong large-cap bias, which may cause relative underperformance during mid/small-cap rallies. Returns are consistent but not aggressive, lagging top ELSS peers in strong bull phases. Mandatory 3-year lock-in limits flexibility.
Sahifund Verdict:
A reliable core ELSS option for conservative tax savers, ideal for long-term SIP investors prioritising stability over high-octane returns.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years
Fund’s Investment Strategy:
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).
Fund Manager:
1) Mittul Kalawadia
Education: Mr. Kalawadia is a B.Com. from Mithibai College, M.Com. from University of Mumbai and CA. from ICAI.
Experience: He has been associated with ICICI Prudential since 2012.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of ICICI Prudential ELSS Tax Saver
| Fund House | ICICI Prudential Mutual Fund |
| Launch Date | 19-Aug-99 |
| Return Since Launch | 18.87% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 14,957 Cr |
| (As on 30-Nov-2025) | |
| Expense | 1.71% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 28.00% |
Trailing Returns (%) of ICICI Prudential ELSS Tax Saver
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| ICICI Pru ELSS Tax Saver | 9.14 | -0.37 | -1.64 | 2.35 | 1.30 | 8.45 | 15.94 | 16.56 | 14.95 | 13.37 |
| BSE 500 TRI | 6.76 | -0.41 | -1.04 | 4.16 | 0.76 | 6.41 | 15.99 | 16.72 | 15.76 | 14.76 |
| Equity: ELSS | 2.72 | -0.42 | -1.45 | 2.76 | -0.55 | 2.42 | 16.35 | 16.48 | 15.32 | 14.01 |
| Rank within category | 4 | 15 | 25 | 24 | 10 | 4 | 18 | 16 | 16 | 16 |
| Number of funds in category | 38 | 39 | 39 | 39 | 39 | 38 | 35 | 33 | 30 | 28 |
Peer Comparison of ICICI Prudential ELSS Tax Saver
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| ICICI Pru ELSS Tax Saver | 3 star | 8.45 | 15.94 | 16.56 | 1.71 | 14,957 | 18.87 | — | 26Y 4M | 28.00 |
| SBI ELSS Tax Saver Reg | 5 star | 5.21 | 23.47 | 21.47 | 1.57 | 32,327 | 16.78 | — | 32Y 8M | 12.00 |
| DSP ELSS Tax Saver Reg | 4 star | 6.45 | 19.60 | 19.44 | 1.61 | 17,570 | 15.10 | — | 18Y 11M | 35.00 |
| HDFC ELSS Tax Saver Reg | 5 star | 8.64 | 20.63 | 21.48 | 1.70 | 17,241 | 23.00 | — | 29Y 8M | 12.19 |
| Nippon India ELSS Tax Saver Reg | 4 star | 5.14 | 16.75 | 18.69 | 1.70 | 15,519 | 13.48 | — | 20Y 3M | 14.00 |
Portfolio Analysis of ICICI Prudential ELSS Tax Saver
| No. of Stocks | 89 |
| Top 10 Stocks | 53.02% |
| Top 5 Stocks | 32.36% |
| Top 3 Sectors | 57.06% |
| Portfolio P/B Ratio | 3.45 |
| Portfolio P/E Ratio | 25.45 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,56,317 | 2,12,744 |
| Giant (%) | 73.80 | 57.04 |
| Large (%) | 6.54 | 17.86 |
| Mid (%) | 11.99 | 22.09 |
| Small (%) | 7.65 | 7.17 |
| Tiny (%) | 0.03 | 0.16 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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