ICICI Prudential ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-10-2024
₹ 1005.2
1D
Inception Returns
17%
/yr
About ICICI Prudential ELSS Tax Saver Fund Direct Growth
ICICI Prudential ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Mittul Kalawadia. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential ELSS Tax Saver Fund Direct Growth has ₹15321 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
ICICI Prudential ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.22%, 15.18% and 20.84% respectively.
Holdings
ICICI Prudential ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Consumer Defensive, Communication, Energy, Tech, Utilities, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Maruti Suzuki India Ltd, Avenue Supermarts Ltd, Bharti Airtel Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of ICICI Prudential ELSS Tax Saver Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for ICICI Prudential ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
4184 people have invested ₹ 3.7Cr in ICICI Prudential ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for ICICI Prudential ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
19
/23
37% Performance
39% Risk Management
5% Cost
19 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
3Y returns in the bottom 25% of the category
ICICI Prudential ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.07% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹15321 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 29.11% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
70.4%
Small cap
13.9%
Mid cap
11.6%
Sector Allocation
Financial Services
31.9%
Consumer Cyclical
15.6%
Health
12.2%
Industrial
8.1%
Consumer Defensive
7.6%
Communication
7.1%
Energy
5.5%
Tech
5.3%
Utilities
3.9%
Basic Materials
1.5%
Real Estate
1.2%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 3.36% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 1.33% in Sep'24
- AUM of the fund stands at 14.9K Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Samvardhana Motherson International Ltd's allocation increased from 0.47% to 0.83%
HDFC Bank Ltd's allocation increased from 6.58% to 6.77%
Maruti Suzuki India Ltd's allocation increased from 4.97% to 5.16%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 4.95 % to 4.92 %
Infosys Ltd's allocation decreased from 3.94 % to 3.7 %
Larsen & Toubro Ltd's allocation decreased from 3.81 % to 3.68 %
Small Cap allocation has gone up from 13% to 13.9%
Mid Cap allocation has gone up from 9.1% to 11.6%
Large Cap allocation has gone down from 72.5% to 70.4%
Cash allocation has gone down from 4.5% to 3.8%
Top 3 Sectors in September were Financial Services, Consumer Cyclical & Health
Sep'24
Financial Services
32%
Consumer Cyclical
16%
Health
12%
Aug'24
Financial Services
32%
Consumer Cyclical
15%
Health
13%
See all
Top Losers | 1M Return |
|---|---|
 Reliance Industries Ltd | -9% |
 Oil & Natural Gas Corpn Ltd | -4.1% |
 Infosys Ltd | -0.9% |
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Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Growth, since 18 September 2023
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.1L Cr
as on 30-Sep-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.62% return, outperforming this fund by 14.78% per annum.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 27.38% return, outperforming this fund by 12.2% per annum.
Over the last 6 months, this fund has experienced a 17.1% growth in AUM moving from 13.08K Cr to 15.32K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 69% return, outperforming this fund by 32.78%.
Over the last 6 months, this fund has increased expense ratio by 3.9% moving from 1.03 to 1.07.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.07% which is lower than the category average expense ratio of 1.26%.
ICICI Prudential ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.05% since inception which is more than its category average return of 16.38%
Fund Allocations
This fund has an allocation of 96.21% in Equity, 0% in Debt and 3.79% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4217 Cr
Expense Ratio 1.07%
This fund has an expense ratio of 1.07% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for ICICI Prudential ELSS Tax Saver Fund Direct Growth
The current NAV of ICICI Prudential ELSS Tax Saver Fund Direct Growth is ₹1005.2 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
ICICI Prudential ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.49% | -4.49% |
6 Month Returns | 16.06% | 16.06% |
1 Year Returns | 36.22% | 36.22% |
3 Years Returns | 52.82% | 15.18% |
5 Years Returns | 157.67% | 20.84% |
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1.07% as on September 2024
₹15321 Cr as on September 2024
ICICI Bank Ltd(8.24%), HDFC Bank Ltd(6.77%), Maruti Suzuki India Ltd(5.16%), Avenue Supermarts Ltd(5.03%), Bharti Airtel Ltd(4.92%) as on September 2024
Financial Services(30.68%), Consumer Cyclical(14.99%), Health(11.77%) as on September 2024
The alpha ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 4.49 | 0.87 | 0.37 |
As on September 2024
The alpha for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 0.86 | 0.89 | 0.98 |
As on September 2024
The Beta for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 2.77 | 0.96 | 0.9 |
As on September 2024
The sharpe ratio for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the ICICI Prudential ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 10.56 | 12.17 | 18.84 |
As on September 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.78 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Mittul Kalawadia is the fund manager of ICICI Prudential ELSS Tax Saver Fund Direct Growth
The Exit load of ICICI Prudential ELSS Tax Saver Fund Direct Growth is 0%