ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 685.4 as on 02-06-2023
Fund Performance
3492 people have invested ₹ 2.6Cr in ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Long Term Equity Fund Direct Plan Growth has given 21.68% return, outperforming ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth by 9.61%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 44.24% return, outperforming ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth by 18.78% per annum
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 23.96% return, outperforming ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth by 11.03% per annum
Over the last 1 year, ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth has increased expense ratio by 20.6% moving from 1.07 to 1.29
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.29% which is lower than the category average expense ratio of 1.35%
Over the last 6 months, ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth has experienced a 2.3% drop in AUM moving from 10.40K Cr to 10.16K Cr
INDmoney Rank
Powered by IND quant engine
14
/23
50% Performance
39% Risk Management
18% Cost
14 out of 23 among elss (tax savings)
Pros
Larger AUM within category
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Fund
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Harish Bihani, Sharmila D’mello. The fund could potentially beat inflation in the long-run.
Key Parameters
- ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth has a NAV of ₹685.4 as on 02-06-2023.
- ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth has ₹10162 Cr worth of assets under management (AUM) as on 30-04-2023 and is more than category average.
- The fund has an expense ratio 1.3.
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth Overview
 | 1.29% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹10162 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 25.34% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
71.6%
Mid cap
12.4%
Small cap
12.2%
Sector Allocation
Financial Services
36.7%
Consumer Cyclical
16.1%
Tech
10.9%
Industrial
7.5%
Health
7.3%
Communication
6.9%
Consumer Defensive
6.8%
Energy
4.6%
Basic Materials
1.8%
Real Estate
1.3%
Top Holdings of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth as on (31-May-23)
Equity Holdings49
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.11% | -1.9% | |
 Axis Bank Ltd | 5.35% | 0% | |
 Bharti Airtel Ltd | 5.01% | 0% | |
 Avenue Supermarts Ltd | 5% | 0% | |
 HDFC Bank Ltd | 4.92% | 0% |
See all
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.57% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund outperformed Nifty 500 by 0.16% in Apr'23
AUM Change
- AUM of the fund stands at 9.8K Cr as of Mar'23
- AUM increased by 16.1 Cr between Mar'23 and Feb'23
Fund Portfolio Changes
Gainers & Losers in ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 24.9% |
 Syngene International Ltd | 15.5% |
 ICICI Bank Ltd | 3.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
 PVR Inox Ltd | -3.4% |
 Avenue Supermarts Ltd | -1.2% |
Peer Analysis
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth Fund Manager
Harish Bihani
Fund Manager of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth, since 5 November 2018
Top funds managed
Sharmila D’mello
Fund Manager of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth, since 31 July 2022
Top funds managed
Fund 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 15.06% since inception which is more than its category average return of 13.19%
Fund Allocations
This fund has an allocation of 96.14% in Equity, 0% in Debt and 3.86% in Cash related instruments
AUM size ₹10162 Cr
This fund has AUM of ₹10162 Cr which is more than its category average of ₹ 2655 Cr
Expense Ratio 1.29%
This fund has an expense ratio of 1.29% which is less than its category average expense ratio of 1.52%
Frequently Asked Questions
The current NAV of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth is ₹685.41 as on 02-Jun-2023.
Existing (Absolute + CAGR) as on 02-Jun-2023.
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.42% | 4.42% |
6 Month Returns | -0.25% | -0.25% |
1 Year Returns | 12.08% | 12.08% |
3 Years Returns | 97.44% | 25.45% |
5 Years Returns | 83.71% | 12.93% |
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1.29% as on May 2023
₹10162 Cr as on May 2023
ICICI Bank Ltd(9.11%), Axis Bank Ltd(5.35%), Bharti Airtel Ltd(5.01%), Avenue Supermarts Ltd(5%), HDFC Bank Ltd(4.92%) as on May 2023
Financial Services(35.61%), Consumer Cyclical(15.6%), Tech(9.55%) as on January 1
The alpha ratio for the ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth | 0.03 | 0.17 | 0.64 |
As on May 2023
The alpha for ICICI Prudential Long Term Equity Fund (Tax Saving) 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 Long Term Equity Fund (Tax Saving) Direct Plan Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth | 0.87 | 0.96 | 0.97 |
As on May 2023
The Beta for ICICI Prudential Long Term Equity Fund (Tax Saving) 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 Long Term Equity Fund (Tax Saving) 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 Long Term Equity Fund (Tax Saving) Direct Plan Growth | 0.44 | 1.37 | 0.46 |
As on May 2023
The sharpe ratio for ICICI Prudential Long Term Equity Fund (Tax Saving) 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 Long Term Equity Fund (Tax Saving) 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 Long Term Equity Fund (Tax Saving) Direct Plan Growth | 14.14 | 14.96 | 19.45 |
As on May 2023
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 3.16 as on May 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Harish Bihani, Sharmila D’mello are the fund managers of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth
The Exit load of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan Growth is 0%