ICICI Prudential ELSS Tax Saver Fund Direct Growth

ICICI Prudential ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 06-12-2024

₹ 1009.56

-0.2%

1D

Inception Returns

16.8%

/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

  1. ICICI Prudential ELSS Tax Saver Fund Direct Growth has ₹14347 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

ICICI Prudential ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.76% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.04%, 17.25% and 19.91% 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, Avenue Supermarts Ltd, Bharti Airtel Ltd, Maruti Suzuki India 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
4069 people have invested ₹ 3.8Cr 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
20
/23
36% Performance
35% Risk Management
7% Cost
20 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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3Y returns in the bottom 25% of the category

ICICI Prudential ELSS Tax Saver Fund Direct Growth Overview

Expense ratio1.08%
Benchmark
S&P BSE 200 India TR INR
AUM₹14347 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
29.11%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
ICICI Prudential ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
0.4%
2.9%
1.5%
3M
-2%
-0.7%
0.4%
6M
11.9%
7.1%
11.4%
1Y
25%
24.6%
28.5%
3Y
17.2%
15.6%
19.1%
5Y
19.9%
19.2%
20.8%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.7%

  • Debt & Cash 1.3%

Large cap
71.5%

Small cap
14.4%

Mid cap
11.4%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
32%
Consumer Cyclical
15.3%
Health
12.5%
Industrial
7.8%
Consumer Defensive
7.3%
Communication
7%
Energy
5.4%
Tech
5.3%
Utilities
3.7%
Basic Materials
2.6%
Real Estate
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.14%
3.36%
2.79%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -6.14% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 0.38% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 15.3K Cr
₹ 15.3K Cr
₹ 14.9K Cr
  • AUM of the fund stands at 15.3K Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 8.24% to 8.93%
ICICI Bank Ltd's allocation increased from 8.24% to 8.93%
HDFC Bank Ltd's allocation increased from 6.77% to 7.25%
HDFC Bank Ltd's allocation increased from 6.77% to 7.25%
Oil & Natural Gas Corp Ltd's allocation increased from 1.01% to 1.25%
Oil & Natural Gas Corp Ltd's allocation increased from 1.01% to 1.25%
Top Stocks sold last month
Maruti Suzuki India Ltd's allocation decreased from 5.16 % to 4.73 %
Maruti Suzuki India Ltd's allocation decreased from 5.16 % to 4.73 %
NTPC Ltd's allocation decreased from 3.48 % to 3.42 %
NTPC Ltd's allocation decreased from 3.48 % to 3.42 %
Reliance Industries Ltd's allocation decreased from 3.52 % to 3.39 %
Reliance Industries Ltd's allocation decreased from 3.52 % to 3.39 %
Mid Cap allocation has gone down from 11.6% to 11.4%
Mid Cap allocation has gone down from 11.6% to 11.4%
Large Cap allocation has gone up from 70.4% to 71.5%
Large Cap allocation has gone up from 70.4% to 71.5%
Small Cap allocation has gone up from 13.9% to 14.4%
Small Cap allocation has gone up from 13.9% to 14.4%
Cash allocation has gone down from 3.8% to 1.3%
Cash allocation has gone down from 3.8% to 1.3%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Health

Oct'24
Financial Services
32%
Consumer Cyclical
15%
Health
13%
Sep'24
Financial Services
32%
Consumer Cyclical
16%
Health
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
80
79
77
Top 5 Company Concentration
30.9%
30.1%
29.7%
Company having highest exposure
ICICI Bank Ltd (8.9%)
ICICI Bank Ltd (8.2%)
ICICI Bank Ltd (8.2%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
74.9%
75.5%
76.1%
Sector having highest exposure
Financial Services (32%)
Financial Services (31.9%)
Financial Services (31.8%)
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Mittul Kalawadia
Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Growth, since 18 September 2023
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.35L Cr
as on 31-Oct-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

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.08% which is lower than the category average expense ratio of 1.29%.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 56.76% return, outperforming this fund by 31.72%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.87% return, outperforming this fund by 13.97% per annum.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 8.0% moving from 1.00 to 1.08.
Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.45% return, outperforming this fund by 13.21% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 6.4% drop in AUM moving from 15.32K Cr to 14.34K Cr.

ICICI Prudential ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.76% since inception which is more than its category average return of 16.17%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.66% in Equity, 0% in Debt and 1.34% in Cash related instruments
AUM size ₹14347 Cr

AUM size ₹14347 Cr

This fund has AUM of ₹14347 Cr which is more than its category average of ₹ 3989 Cr
Expense Ratio 1.08%

Expense Ratio 1.08%

This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.47%

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 ₹1009.56 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
ICICI Prudential ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.43%
0.43%
6 Month Returns
11.86%
11.86%
1 Year Returns
25.04%
25.04%
3 Years Returns
61.18%
17.25%
5 Years Returns
147.86%
19.91%
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1.08% as on November 2024
₹14347 Cr as on November 2024
ICICI Bank Ltd(8.93%), HDFC Bank Ltd(7.25%), Avenue Supermarts Ltd(5.06%), Bharti Airtel Ltd(4.96%), Maruti Suzuki India Ltd(4.73%) as on November 2024
Financial Services(31.6%), Consumer Cyclical(15.13%), Health(12.34%) as on November 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
0.8
0.36
-0.1
As on November 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
0.9
0.9
0.98
As on November 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
1.39
0.78
0.74
As on November 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
12.35
12.67
19.14
As on November 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 1.35 as on November 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%