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  • ICICI Prudential Long Term Equity Fund Tax Saving (Growth)

Formerly ICICI Pru L/T Eq Fund ( Tax Sav) Reg Gr

ICICI Prudential Long Term Equity Fund Tax Saving (Growth)

ICICI Prudential Long Term Equity Fund Tax Saving (Growth)

EquityTax Saving

Top Ranked

554.33

NAV (Aug 03)

13.6%
5 Year CAGR
Scripbox Opinion

Top Ranked

ICICI Prudential Long Term Equity Fund Tax Saving (Growth) is a good choice within tax saving mutual funds.

Scripbox recommends other funds for investment in tax saving.

Click here to see our recommendations.

Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Track Record

22 Years. The fund has an Extended history for analysis and the track record is excellent.

Relative Size

8,966 Cr. Category leader in size

Category View

Positive. The category has a positive investment outlook

Consistency Of Performance

Good. The historical performance of the fund has been good

Invest in this fund
Explore similar funds with a Scripbox plan. Explore the plan below.
Tax Saver Plan

Tax Saver Plan

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.

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    Historical growth rate of 12% per annum
  • graph-icon-gray
    Recommended Duration > 5 years
  • graph-icon-gray
    3 Years
  • graph-icon-gray
    Save Tax

No single fund can achieve what a plan can. Learn why

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Scheme Information

Investment Objective

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. However,there is no assurance or guarantee that the investment objective of the Scheme would be achieved

Low

Low to Moderate

Moderate

Moderately High

High

Very High

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Very High Risk

Expense Ratio
1.97 %
Launched (22y ago)
Aug 19, 1999
AUM in Crores
₹ 8,966
ISIN
INF109K01464
Lock-in
3
Benchmark
IISL Nifty 500 TR INR
SIP Minimum
₹ 500
Lumpsum Min.
₹ 500
Fund Managers
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Harish Bihani

Fund Manager

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Priyanka Khandelwal

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
EPF70% ₹ 900,761 ₹ 168,1498.50%
Property70% ₹ 867,662 ₹ 135,0507.00%
PPF70% ₹ 869,819 ₹ 137,2077.10%
Bank FD70% ₹ 846,471 ₹ 113,8596.00%
Gold70% ₹ 846,471 ₹ 113,8596.00%
Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

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.

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Tax Saver Plan

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.

  • Inflation beating returns
    Inflation beating returns
  • Save Tax
    Save Tax
  • One click investing  tracking
    One click investing tracking
comparison

Comparison with Equity Funds

SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

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17 Years

Age

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Track Record

Aditya Birla Sun Life Focused Equity Fund (G)

Aditya Birla Sun Life Focused Equity Fund (G)

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Recommended

Top Ranked

16 Years

Age

5

Track Record

UTI Nifty Index Fund (G)

UTI Nifty Index Fund (G)

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21 Years

Age

5

Track Record

HDFC Index Nifty 50 fund (G)

HDFC Index Nifty 50 fund (G)

Index Funds

Recommended

Top Ranked

19 Years

Age

5

Track Record

Kotak Bluechip fund (G)

Kotak Bluechip fund (G)

Large Cap

Recommended

Top Ranked

23 Years

Age

5

Track Record

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About the AMC

ICICI Prudential Asset Management Company Limited

ICICI Prudential Asset Management Company Limited manages assets worth 436,490 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 110 equity,526 debt and 64 hybrid funds.

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  • tel-amc-about
    022-26525000
  • mail-amc-about
    enquiry@icicipruamc.com
  • ICICI Prudential Bluechip Fund (G)

    ICICI Prudential Bluechip Fund (G)

    Large Cap

    Recommended

    Top Ranked

    ₹ 27,994 Cr

    Fund Size

    13.90%

    5 Year CAGR

    5 Y CAGR

    ICICI Prudential Savings Fund (G)

    ICICI Prudential Savings Fund (G)

    Low Duration

    Recommended

    Top Ranked

    ₹ 32,101 Cr

    Fund Size

    7.60%

    3 Year CAGR

    3 Y CAGR

    ICICI Prudential Bluechip Fund Institutional I (G)

    ICICI Prudential Bluechip Fund Institutional I (G)

    Large Cap

    Top Ranked

    ₹ 27,994 Cr

    Fund Size

    4.40%

    5 Year CAGR

    5 Y CAGR

    ICICI Prudential Savings Fund Retail Plan (G)

    ICICI Prudential Savings Fund Retail Plan (G)

    Low Duration

    Top Ranked

    ₹ 32,101 Cr

    Fund Size

    6.70%

    3 Year CAGR

    3 Y CAGR

    ICICI Prudential Savings Fund of Income Dist cum Cap Wdrl (RIDCW-D)

    ICICI Prudential Savings Fund of Income Dist cum Cap Wdrl (RIDCW-D)

    Low Duration

    Top Ranked

    ₹ 32,101 Cr

    Fund Size

    5.70%

    3 Year CAGR

    3 Y CAGR

    growth

    Tax Saver Plan

    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.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About ICICI Prudential Long Term Equity Fund Tax Saving (G)

    About ICICI Prudential Long Term Equity Fund Tax Saving (G)

    ICICI Prudential Long Term Equity Fund Tax Saving (G) is a tax saving equity fund and has delivered an annualised return of 20.1% over a period of 22 years .The fund was previously known as ICICI Pru L/T Eq Fund ( Tax Sav) Reg Gr.The fund is managed by ICICI Prudential Asset Management Company Limited.The fund managers are Harish Bihani, Priyanka Khandelwal

    ICICI Prudential Long Term Equity Fund Tax Saving (G) Investment Objective

    To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. However,there is no assurance or guarantee that the investment objective of the Scheme would be achieved However, there is no assurance that the objective of the scheme will be realized.

    ICICI Prudential Long Term Equity Fund Tax Saving (G) NAV,AUM,Risk

    The ICICI Prudential Long Term Equity Fund Tax Saving (G) fund was launched on Aug 19, 1999. The NAV (Net Asset Value) of this tax saving equity as of 2021-08-03 is ₹ 554.33. The total AUM (Asset Under Management) of the fund as of 2021-08-04 is ₹ 8965.261. The category risk of the ICICI Prudential Long Term Equity Fund Tax Saving (G) fund is Very High Risk. The fund charges 1.97 % as expense ratio.

    ICICI Prudential Long Term Equity Fund Tax Saving (G) Holdings

    The fund’s highest allocation is towards equity and has invested 98.6% in this asset class. The top three holdings of the fund are icici bank ltd,hdfc bank ltd and infosys ltd

    ICICI Prudential Long Term Equity Fund Tax Saving (G) SIP

    The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 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 Equity Fund Tax Saving (G) 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 500 TR INR

    ICICI Prudential Long Term Equity Fund Tax Saving (G) Review

    ICICI Prudential Long Term Equity Fund Tax Saving (G) has a score of 4 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, ICICI Prudential Long Term Equity Fund Tax Saving (G) has a score of 5 out of 5. Scipbox has rated this fund 4 out of 5 based on consistency of performance over various years / tenures.

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