ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl

Equity
Direct
Elss (Tax Savings)
ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl

About the Fund

ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 Plan Reinvestment Inc Dist cum Cap Wdrl has ₹13111 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 15.95% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.23%, 16.63% and 16.83% respectively.

Holdings

ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Consumer Defensive, Industrial, Communication, Tech, Energy, 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 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 Plan Reinvestment Inc Dist cum Cap Wdrl

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 0.00 and for SIP is INR 0.00. There is a lock in period for ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl of 3 Years

Fund Performance

Fund Overview

Expense ratio1.07%
Benchmark
S&P BSE 200 India TR INR
AUM₹13111 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
29.11%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 96.5%

  • Debt & Cash 3.5%

Large cap
71.4%

Small cap
13%

Mid cap
11.9%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
32.3%
Consumer Cyclical
14.1%
Health
11.7%
Consumer Defensive
9.1%
Industrial
8.9%
Communication
7%
Tech
5.7%
Energy
4.9%
Utilities
2.6%
Basic Materials
2%
Real Estate
1.5%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Mittul Kalawadia
Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl, since 18 September 2023

ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 15.95% since inception which is less than its category average return of 16.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.48% in Equity, 0% in Debt and 3.52% in Cash related instruments
AUM size ₹13111 Cr

AUM size ₹13111 Cr

This fund has AUM of ₹13111 Cr which is more than its category average of ₹ 3681 Cr
Expense Ratio 1.07%

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

The current NAV of ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl is ₹45.19 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
3.48%
3.48%
6 Month Returns
10.37%
10.37%
1 Year Returns
29.23%
29.23%
3 Years Returns
58.66%
16.63%
5 Years Returns
117.66%
16.83%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
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1.07% as on May 2024
₹13111 Cr as on May 2024
ICICI Bank Ltd(8.18%), HDFC Bank Ltd(5.57%), Maruti Suzuki India Ltd(5.33%), Avenue Supermarts Ltd(5.06%), Bharti Airtel Ltd(5.03%) as on May 2024
Financial Services(31.2%), Consumer Cyclical(13.59%), Health(11.32%) as on May 2024
The alpha ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
-2.75
-0.33
-1.63
As on May 2024
The alpha for ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
0.86
0.89
0.98
As on May 2024
The Beta for ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
1.81
0.87
0.6
As on May 2024
The sharpe ratio for ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
9.91
11.95
19.13
As on May 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 1.58 as on May 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 Plan Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ICICI Prudential ELSS Tax Saver Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl is 0%