ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 18.7 as on 05-12-2022
Fund Performance
Fund Performance
About the Fund
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is an equity fund. This fund was started on 23 March, 2018. The fund is managed by Rajat Chandak. The fund could potentially beat inflation in the long-run.
Key parameters
1) ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth has a NAV of ₹18.73 as on 05-12-2022.
2) ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth has ₹36 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.
3) The fund has an expense ratio 0.97 %.
Fund Overview
Expense ratio | 0.97% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹36 Cr |
Inception Date | 23 March, 2018 |
Min Lumpsum/SIP | ₹5000/₹0 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 11.72% |
Fund Distribution
Size breakup
Large cap
68.2%
Mid cap
19.9%
Small cap
8.7%
Sector Allocation
Consumer Cyclical
36.3%
Financial Services
27.9%
Consumer Defensive
10.8%
Energy
7.8%
Tech
6.6%
Communication
4.8%
Health
2.9%
Industrial
2.9%
Top Holdings
Total Holdings24
Equity Holdings22
Debt Holdings2
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
TVS Motor Co Ltd | 10.6% | 0% | |
ICICI Bank Ltd | 9.55% | -7.7% | |
HDFC Bank Ltd | 9.4% | 0% | |
Mahindra & Mahindra Ltd | 8.6% | 0% | |
Reliance Industries Ltd | 7.59% | 0% |
See all
What changed
in last one month
AUM increased by 1 Cr in last 1M
Oct'22 return underperformed benchmark
Change in AUM
Oct'22
₹ 35.8 Cr
Sep'22
₹ 34.8 Cr
Aug'22
₹ 36.1 Cr
Fund Returns vs Benchmark
Oct'22
4.53%
5.37%
Sep'22
-2.00%
-2.51%
Aug'22
3.86%
3.22%
Fund Return
Benchmark Return
Concentration Analysis
Winners & Losers (Oct-22)
Top Growth Drivers | 1M Return |
|---|---|
TVS Motor Company Ltd | 15.1% |
Mahindra & Mahindra Ltd | 7.8% |
ICICI Bank Ltd | 7.1% |
Peer Analysis
Fund Manager
Rajat Chandak
Managing this fund since 23 March 2018
Top funds managed
AMC details
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Email
Phone
+912226428000
Fund House
ICICI Prudential Asset Management Company Limited
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 14.27% since inception which is more than its category average return of 13.82%
Fund Allocations
This fund has an allocation of 96.78% in Equity, 0% in Debt and 3.22% in Cash related instruments
AUM size ₹36 Cr
This fund has AUM of ₹36 Cr which is less than its category average of ₹ 2695 Cr
Expense Ratio 0.97%
This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.59%
Frequently Asked Questions
The current NAV of ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is 18.73.
Existing (Absolute + CAGR)
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.52% | 1.52% |
6 Month Returns | 15.9% | 15.9% |
1 Year Returns | 16.55% | 16.55% |
3 Years Returns | 63.3% | 17.76% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.97 as on November 2022
36 Cr as on November 2022
TVS Motor Co Ltd(10.6%),ICICI Bank Ltd(9.55%),HDFC Bank Ltd(9.4%),Mahindra & Mahindra Ltd(8.6%),Reliance Industries Ltd(7.59%) as on November 2022
Consumer Cyclical(35.09%),Financial Services(27%),Consumer Defensive(10.46%) as on November 2022
The alpha ratio for the ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth | 8.55 | -0.76 | - |
As on month end.
The alpha for ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is calculated against IISL Nifty 500 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 Wealth Enhancement Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth | 0.68 | 1.01 | - |
As on month end.
The Beta for ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is calculated with IISL Nifty 500 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 Wealth Enhancement 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 Long Term Wealth Enhancement Fund Direct Growth | 1.1 | 0.62 | - |
As on month end.
The sharpe ratio for ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is calculated with IISL Nifty 500 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 Wealth Enhancement 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 Long Term Wealth Enhancement Fund Direct Growth | 11.8 | 24.39 | - |
As on month end.
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.
0.83
Rajat Chandak is the fund manager of ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth
The Exit load of ICICI Prudential Long Term Wealth Enhancement Fund Direct Growth is 0%
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.