November 29, 2022
mayank
ICICI Prudential ELSS Tax Saver
NAV Growth : Rs 601.8900
NAV IDCW : Rs 33.5800
Suitable For Which Investors ?
“When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
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 :
— Harish Bihani
Education : Mr. Bihani has done MBA in Finance
Experience : 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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Withdrawal (Rs) | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 01-Jan-13 |
| Return Since Launch: | 14.96% |
| Benchmark: | NIFTY 500 TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | Rs 9,533 Cr |
| (As on 31-May-2022) | |
| Expense: | 1.14% |
| (As on 31-May-2022) | |
| Risk Grade: | Average |
| Return Grade: | Average |
| Turnover: | 28.00% |
ICICI Prudential ELSS Tax Saver Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Long Term Equity (Tax Saving) Direct-G | -6.91 | 0.99 | 3.45 | 0.47 | -8.23 | -8.86 | 5.17 | 13.64 | 12.28 | 11.81 | — |
| S&P BSE 500 TRI | -7.18 | 0.97 | 2.87 | -1.03 | -8.84 | -9.33 | 2.38 | 14.2 | 11.72 | 11.55 | — |
| Equity: ELSS | -7.93 | 1.03 | 3.2 | -0.07 | -8.15 | -9.87 | 1.73 | 14.14 | 11.15 | 11.29 | — |
| Rank within category | 16 | 23 | 11 | 8 | 18 | 16 | 8 | 15 | 10 | 10 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 34 | 32 | 28 | 1 |
ICICI Prudential ELSS Tax Saver Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Long Term Equity Fund (Tax Saving) | 3 star | Jan-13 | 5.17 | 13.64 | 12.28 | 1.14% | 9,533 |
| Mirae Asset Tax Saver Fund | 5 star | Dec-15 | 2.5 | 18.65 | 15.89 | 0.57% | 11,805 |
| DSP Tax Saver Fund | 4 star | Jan-13 | 1.63 | 16.49 | 13.12 | 0.84% | 9,091 |
| Canara Robeco Equity Tax Saver Fund | 5 star | Jan-13 | 1.88 | 17.8 | 15.26 | 0.66% | 3,518 |
| IDFC Tax Advantage (ELSS) Fund | 4 star | Jan-13 | 5.08 | 18.08 | 13.6 | 0.77% | 3,399 |
Portfolio Analysis
| Number of Stocks | 49 |
| Top 10 Stocks (%) | 46.4 |
| Top 5 Stocks (%) | 29.88 |
| Top 3 Sectors (%) | 55.26 |
| Portfolio P/B Ratio | 3.39 |
| Portfolio P/E Ratio | 22.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,37,347 | 1,36,894 |
| Giant (%) | 55.03 | 53.53 |
| Large (%) | 23.21 | 17.41 |
| Mid (%) | 12.46 | 22.72 |
| Small (%) | 9.29 | 6.68 |
| Tiny (%) | — | 0.21 |
Guidance by Chanakya ICICI Prudential ELSS Tax Saver
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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