ICICI Prudential Long Term Equity Fund (Tax Saving) Growth - Latest NAV, Returns, Performance & Portfolio

ICICI Pru Long Term Eq Fund ( Tax Sav)

  • highlight14.88%
  • highlight-3.38(-0.88%)

Start your investment

Min amount: 500

Calculate Returns

Rs. 500 invested one time becomes Rs. 5,010 in a period of 25 years
  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%30%30%
Returns after tax i
4.2%5.6%8.4%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%1.6%4.4%
Lock-in Period i
5 years15 years3 years

Fund Summarystar

PeriodReturns(per year)
10 Years19.65%
5 Years14.88%
3 Years13.21%
1 Year7.27%
6 Months10.42%
Fund Details
ISININF109K01464
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV382.52
Exit Load--

More about this fundstar

Top HoldingsWeightage
ITC Ltd5.76%
NTPC Ltd5.57%
Oil & Natural Gas Corp Ltd4.41%
Bharti Airtel Ltd4.3%
ICICI Bank Ltd3.88%
Infosys Ltd3.67%
Hindalco Industries Ltd3.63%
State Bank of India3.58%
Larsen & Toubro Ltd3.45%
Thomas Cook India Ltd2.81%

About ICICI Prudential Long Term Equity Fund

ICICI Prudential Long Term Equity Fund is an open ended equity linked saving scheme. It has a statutory lock in of 3 years and provides tax benefits Section 80C of the Income Tax Act up to Rs. 1.50 lakh. The fund aims to attain long term wealth maximisation by investing predominantly in equity instruments and the remaining assets in debt and money market instrument and cash. However, the scheme does not guarantee assured returns due to presence of market risks.

Pros & Cons of ICICI Prudential Long Term Equity Fund

ICICI Prudential Long Term Equity Fund offers the following benefits: 1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds) 2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility. 3. Being a star-rated fund, it has been able to beat the benchmark by wide margins in 1 year, 5 year and 10 year period respectively. However, it underperformed the category in 3 year and 5 year period.

Fund Information and Statistics of ICICI Prudential Long Term Equity Fund

i) Inception / Launch date

ICICI Prudential Long Term Equity Fund was launched on 19 August 1999 by ICICI Prudential Mutual Fund.

ii) Risk level

Being a multi-cap fund, ICICI Prudential Long Term Equity Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Sankaran Naren and Mr. Harish Bihani, who holds a rich experience of fund management with prestigious fund houses, has been managing the ICICI Prudential Long Term Equity Fund since November 2018.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in ICICI Prudential Long Term Equity Fund

Tax benefits of investing in ICICI Prudential Long Term Equity Fund

ICICI Prudential Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc. Prudential Plc is one of the largest players in UK financial services sector. The fund house offers investment options such as diversified to sector specific equity schemes, balanced and fixed income funds. Mr. Nimesh Shah is MD & CEO of the Fund House.

Related Articlesstar

Need help?

Customer Reviewsstar

  • " Great investing experience! Contacted the support with queries.. Got immediate response and all my doubts clarified. Will definitely recommend ClearTax to friends "

    IT Developer, Bangalore
  • " I am new to investments and got all the information I need on your website. The suggestions for mutual fund investments and tax savings are great. "

    Software Engineer, Indore
  • " Investing through ClearTax is super easy and simple. It is extremely helpful for investors with less finance knowledge. "

    Campus Manager, Bangalore

Invest Now in 3 Easy Stepsstar

  • 1
  • 2
  • 3

Why ClearTax Invest?

  • checkOur experts do all the research and offer only the BEST mutual funds
  • checkTrusted by Over 25 Lakh Indians
  • checkInvest in just 5 minutes
  • checkNo paperwork required
  • checkSimple and easy to use

Frequently Asked Questions

  • Read More

Start your investment

Min amount: 500

Calculate Returns

Rs. 500 invested one time becomes Rs. 5,010 in a period of 25 years
Need help?
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns