ICICI Prudential Tax Plan: Tax deduction with high risk

ICICI Prudential Tax Plan is meant for investors who want to get a tax deduction under Section 80C of the Income Tax Act by taking a higher amount of risk, says Arnav Pandya.

According to Pandya, the presence of an exposure to small and mid caps can lead to higher volatility in the performance so those investors who are willing tolerate such a situation can consider this fund for their exposure considering that the investment has a three year lock in. ICICI Prudential Tax Plan Nature: Equity Linked Savings Scheme Inception: August 1999 Assets under Management: Rs 1259 crore at the end of September 2011 Fund Managers: Chintan Haria & Rajat Chandak Analysis