ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House :

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 626.17 -0.26%
(as on 23rd March, 2023)

Crisil Rank

Average performance among peers

Fund Size

: ₹ 9819.28 Cr

(6.52% of Investment in Category)

Expense Ratio

: 1.25%

(1.03% Category average)

Risk-O-Meter

Very High

ELSS :ELSS : The fund has 96.1% investment in domestic equities of which 60.98% is in Large Cap stocks, 9.67% is in Mid Cap stocks, 9.46% in Small Cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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This Scheme

VS

Benchmark
Nifty 500 TRI

-1.79%

-4.17%

-5.87%

-0.93%

8.87%

11.59%

6.28%
NA
-1.9%

-2.12%

-1.54%

2.86%

12.85%

12.17%

13.34%

NA
Gold

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SIP Calculator
VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 22nd March, 2023)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	15-Mar-23	10082.20	0.82%	-	0.75%	27/60
1 Month	22-Feb-23	9795.70	-2.04%	-	-1.69%	37/60
3 Month	22-Dec-22	9450.00	-5.50%	-	-4.05%	47/58
6 Month	22-Sep-22	9618.60	-3.81%	-	-2.98%	24/57
YTD	30-Dec-22	9421.30	-5.79%	-	-4.36%	49/60
1 Year	22-Mar-22	9912.70	-0.87%	-0.87%	2.91%	45/57
2 Year	22-Mar-21	12016.80	20.17%	9.62%	13.41%	42/57
3 Year	20-Mar-20	20599.80	106.00%	27.18%	29.60%	34/57
5 Year	22-Mar-18	17313.30	73.13%	11.60%	12.00%	23/49
10 Year	22-Mar-13	43568.60	335.69%	15.85%	15.65%	13/28
Since Inception	01-Jan-13	39470.60	294.71%	14.37%	13.40%	23/55

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 22nd March, 2023)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	22-Mar-22	12000	11867.24	-1.11 %	-2.05 %
2 Year	22-Mar-21	24000	24581.29	2.42 %	2.32 %
3 Year	20-Mar-20	36000	44056.85	22.38 %	13.58 %
5 Year	22-Mar-18	60000	83125.67	38.54 %	13.01 %
10 Year	22-Mar-13	120000	238356.64	98.63 %	13.16 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 28th Feb,2023)

Portfolio Turnover Ratio : 29.00% | Category average turnover ratio is 45.32%

Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 96.10% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 96.10%

No of Stocks : 50 (Category Avg - 46.90) | Large Cap Investments : 60.98%| Mid Cap Investments : 9.67% | Small Cap Investments : 9.46% | Other : 16%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Private sector bank	9139.3	9.31%	0.41%	9.31% (Nov 2022)	6.97% (Mar 2022)	1.07 Cr	0.00
Axis Bank Ltd.	Private sector bank	5331.9	5.43%	-0.08%	5.67% (Dec 2022)	4.34% (Apr 2022)	63.17 L	0.00
HDFC Bank Ltd.	Private sector bank	4737.8	4.83%	0.07%	5.55% (Mar 2022)	4.24% (Sep 2022)	29.62 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4731.7	4.82%	-0.10%	5.32% (Sep 2022)	4.54% (Jul 2022)	63.75 L	0.00
Infosys Ltd.	Computers - software & consulting	4644.4	4.73%	-0.98%	6.65% (Mar 2022)	4.73% (Feb 2023)	31.22 L	-6.00 L
- Avenue Supermarts Ltd.	Diversified retail	4474.6	4.56%	0.00%	4.56% (Feb 2023)	2.41% (Mar 2022)	13.10 L	10.00 k
Maruti Suzuki India Ltd.	Passenger cars & utility vehicles	4373.7	4.45%	-0.06%	4.51% (Jan 2023)	1.6% (Mar 2022)	5.07 L	0.00
SBI Cards and Payment Services Ltd.	Non banking financial company (nbfc)	4162.7	4.24%	0.23%	4.43% (Jul 2022)	3.02% (Mar 2022)	55.47 L	0.00
Reliance Industries Ltd.	Refineries & marketing	3457.7	3.52%	0.01%	3.87% (Aug 2022)	3.04% (Mar 2022)	14.89 L	0.00
State Bank Of India	Public sector bank	2697.6	2.75%	-0.11%	3.09% (Dec 2022)	2.62% (May 2022)	51.60 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	4.24%
Net Receivables	Net Receivables	-0.33%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 28th February, 2023)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Low volatility

20.27vs20.27

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.93vs0.89

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

0.54vs0.58

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Poor risk adjusted returns

0.12vs0.13

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Poor risk adjusted returns

1.08vs1.63

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Baroda BNP Paribas ELSS Fund - Direct Plan - Growth (Adjusted NAV)	NA	651.98	-2.44	-2.64	65.93	65.53	51.59
Sundaram Tax Saving Fund - Direct Plan - Growth (Adjusted NAV)	NA	930.82	-2.59	-3.25	9.32	15.07	39.90
HDFC Tax Saver Fund - Direct Plan - Growth	5	9723.21	-1.49	-2.01	1.14	9.69	36.34
SBI Long Term Equity Fund - Direct Plan - Growth	4	12158.35	-1.08	0.09	2.30	8.28	35.69
Motilal Oswal Long Term Equity Fund - Direct Plan - Growth	3	2187.74	-1.43	-1.06	1.24	7.82	31.06
Parag Parikh Tax Saver Fund - Direct Plan - Growth	5	1147.11	-1.49	0.71	1.27	7.55	37.51
Taurus Taxshield - Direct Plan - Growth	2	59.82	-1.32	1.73	3.66	7.01	30.08
ITI Long Term Equity Fund - Direct Plan - Growth	2	156.23	-1.60	-1.36	-0.09	5.89	29.48
Kotak Tax Saver Fund - Direct Plan - Growth	4	3167.04	-0.68	-1.09	0.17	4.63	34.80
Franklin India Taxshield Fund - Direct - Growth	4	4584.10	-1.10	-3.35	-0.53	4.05	35.11

Detailed Comparison

More Funds from

Out of 93 mutual fund schemes offered by this AMC, 9 is/are ranked 5 * , 5 is/are ranked 4 * , 12 is/are ranked 3 * , 2 is/are ranked 2 * , 2 is/are ranked 1 * , and 63 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
ICICI Prudential Liquid Fund - Direct Fund - Growth	3	47245.62	0.55	1.66	3.24	5.57	4.34
ICICI Prudential Balanced Advantage Fund - Direct Plan - Growth	NA	44515.74	-0.76	-0.81	0.90	6.71	19.63
ICICI Prudential Bluechip Fund - Direct Plan - Growth	5	34198.52	-1.52	-3.61	0.41	3.68	28.22
ICICI Prudential Value Discovery Fund - Direct Plan - Growth	5	27449.73	-1.48	-1.57	4.27	8.36	36.92
ICICI Prudential Equity & Debt Fund - Direct Plan - Growth	5	21232.91	-1.10	-1.02	2.01	6.22	30.61
ICICI Prudential Savings Fund - Direct Plan - Growth	5	21144.67	0.51	1.62	3.19	5.69	6.16
ICICI Prudential Asset Allocator Fund (FOF) - Direct Plan - Growth	NA	18393.50	0.20	0.74	4.29	8.63	21.60
ICICI Prudential Corporate Bond Fund - Direct Plan - Growth	5	16998.00	0.53	1.55	3.23	5.80	7.00
ICICI Prudential Multi-Asset Fund - Direct Plan - Growth	4	16449.61	-0.22	-0.30	5.09	10.86	31.26
ICICI Prudential Short Term Fund - Direct Fund - Growth	5	14561.49	0.62	1.64	3.53	6.45	7.52