ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 901.89 as on 30-04-2024
Fund Performance
4067 people have invested ₹ 3.9Cr in ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth in the last three months
Mutual Fund Insights
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.97% return, outperforming this fund by 11.7% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 61.86% return, outperforming this fund by 23.74%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.36% return, outperforming this fund by 17.01% per annum.
Over the last 1 year, this fund has decreased expense ratio by 20.0% moving from 1.25 to 1.00.
Over the last 6 months, this fund has experienced a 15.4% growth in AUM moving from 11.33K Cr to 13.08K Cr.
INDmoney Rank
Powered by IND quant engine
16
/23
47% Performance
41% Risk Management
18% Cost
16 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth
ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 Plan Growth has ₹13084 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 1.
Overview
 | 1% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹13084 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 29.11% |
ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
74.2%
Small cap
11.9%
Mid cap
11.8%
Sector Allocation
Financial Services
31.7%
Consumer Cyclical
13.8%
Health
11.2%
Consumer Defensive
9.6%
Industrial
7.9%
Communication
7.7%
Tech
6.3%
Energy
5.7%
Utilities
2.7%
Basic Materials
1.9%
Real Estate
1.5%
Top Holdings of ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth as on (30-Apr-24)
Equity Holdings68
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.42% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.89% in Mar'24
AUM Change
- AUM of the fund stands at 12.9K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 9.5% |
 Maruti Suzuki India Ltd | 1% |
 Avenue Supermarts Ltd | 0% |
Peer Analysis
Fund Manager
Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth, since 18 September 2023
Top funds managed
ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 16.56% since inception which is more than its category average return of 15.84%
Fund Allocations
This fund has an allocation of 98.33% in Equity, 0% in Debt and 1.67% in Cash related instruments
AUM size ₹13084 Cr
This fund has AUM of ₹13084 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 1%
This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth is ₹901.89 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.96% | 2.96% |
6 Month Returns | 23.38% | 23.38% |
1 Year Returns | 38.12% | 38.12% |
3 Years Returns | 73.98% | 20.27% |
5 Years Returns | 122.51% | 17.35% |
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1% as on April 2024
₹13084 Cr as on April 2024
ICICI Bank Ltd(8.1%), Bharti Airtel Ltd(5.94%), Maruti Suzuki India Ltd(5.43%), HDFC Bank Ltd(5.38%), Avenue Supermarts Ltd(5.33%) as on April 2024
Financial Services(31.17%), Consumer Cyclical(13.58%), Health(11.01%) as on April 2024
The alpha ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 Plan Growth | - | - | - |
As on April 2024
The alpha for ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 Plan 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 Plan Growth | - | - | - |
As on April 2024
The Beta for ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 Plan 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 Plan Growth | - | - | - |
As on April 2024
The sharpe ratio for ICICI Prudential ELSS Tax Saver Fund Direct Plan 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 Plan 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 Plan Growth | 8.9 | 12.17 | 18.98 |
As on April 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.
Mittul Kalawadia is the fund manager of ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth
The Exit load of ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth is 0%