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Scheme Information
Investment Objective
The Scheme is a ten year close ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with 1ome tax benefit. However,there can be no assurance that the investment objective of the Scheme will be realized.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
ICICI Prudential Asset Management Company Limited manages assets worth 397,926 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 104 equity,526 debt and 64 hybrid funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
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Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
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Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About ICICI Prudential Long Term Wealth Enhancement Fund (DP-A)
About ICICI Prudential Long Term Wealth Enhancement Fund (DP-A)
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) is a tax saving equity fund and has delivered an annualised return of 11.7% over a period of 3 years ..The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Rajat Chandak, Sankaran Naren
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) Investment Objective
The Scheme is a ten year close ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with 1ome tax benefit. However,there can be no assurance that the investment objective of the Scheme will be realized. However, there is no assurance that the objective of the scheme will be realized.
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) NAV,AUM,Risk
The ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) fund was launched on Mar 23, 2018. The NAV (Net Asset Value) of this tax saving equity as of 2021-03-04 is ₹ 13.83. The total AUM (Asset Under Management) of the fund as of 2021-03-04 is ₹ 46.722. The category risk of the ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) fund is Very High Risk.
The fund charges 1.38 % as expense ratio.
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) Holdings
The fund’s highest allocation is towards equity and has invested 93.9% in this asset class. The top three holdings of the fund are hdfc bank ltd,avenue supermarts ltd and motherson sumi systems ltd shs dematerialised
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 0 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty LargeMidcap 250 Index
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) Review
ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) has a score of 0 on a scale of 5. The fund scores 0 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Long Term Wealth Enhancement Fund (DP-A) has a score of 0 out of 5.
Scipbox has rated this fund 0 out of 5 based on consistency of performance over various years / tenures.
