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).
The fund has an Extended history for analysis and the track record is excellent.
Relative Size
6,515 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
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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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
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 364,184 crores and was set up on 22 June 1993. It's current offering of mutual fund schemes includes 104 equity,526 debt and 67 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.
What Scripbox recommendations mean?
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
Not Recommended
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 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 19.0% over a period of 21 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, Sankaran Naren
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 2020-11-20 is ₹ 404.55. The total AUM (Asset Under Management) of the fund as of 2020-11-21 is ₹ 6514.006. The category risk of the ICICI Prudential Long Term Equity Fund Tax Saving (G) fund is Moderately High risk.
The fund charges 2.07 % as expense ratio.
ICICI Prudential Long Term Equity Fund Tax Saving (G) Holdings
The fund’s highest allocation is towards equity and has invested 98.0% in this asset class. The top three holdings of the fund are hdfc bank ltd,bharti airtel ltd and icici bank 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.
