ICICI Prudential ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 970.09
1D
Inception Returns
16.3%
/yr
About ICICI Prudential ELSS Tax Saver Fund Direct Growth
ICICI Prudential ELSS Tax Saver Fund Direct Growth 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
- ICICI Prudential ELSS Tax Saver Fund Direct Growth has ₹14210 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
ICICI Prudential ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.03%, 16.24% and 18.28% respectively.
Holdings
ICICI Prudential ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Consumer Defensive, Communication, Energy, Tech, Utilities, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Avenue Supermarts Ltd, Bharti Airtel Ltd, Maruti Suzuki India 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 benefitDividends 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 Growth
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 500.00 and for SIP is INR 500.00. There is a lock in period for ICICI Prudential ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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3848 people have invested ₹ 3Cr in ICICI Prudential ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for ICICI Prudential ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
20
/23
34% Performance
37% Risk Management
49% Cost
20 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
ICICI Prudential ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.08% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹14210 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 29.11% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
71.4%
Small cap
14.6%
Mid cap
11.2%
Sector Allocation
Financial Services
31.9%
Consumer Cyclical
15.6%
Health
12.9%
Industrial
7.8%
Consumer Defensive
7.2%
Communication
7.1%
Energy
5.3%
Tech
5.2%
Utilities
3.4%
Basic Materials
2.5%
Real Estate
1.2%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at -0.82% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund underperformed Nifty 500 by 0.22% in Nov'24
- AUM of the fund stands at 14.3K Cr as of Nov'24
- AUM decreased by 974.3 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Krishna Institute of Medical Sciences Ltd's allocation increased from 1.52% to 1.59%
Top Stocks sold last month
Arvind Fashions Ltd's allocation decreased from 5.26 % to 0.83 %
Sapphire Foods India Ltd's allocation decreased from 0.53 % to 0.53 %
Bajaj Finserv Ltd's allocation decreased from 5.26 % to 0.22 %
Large Cap allocation has gone down from 71.5% to 71.4%
Small Cap allocation has gone up from 14.4% to 14.6%
Mid Cap allocation has gone down from 11.4% to 11.2%
Cash allocation has gone up from 1.3% to 1.5%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Health
Nov'24
Financial Services
32%
Consumer Cyclical
16%
Health
13%
Oct'24
Financial Services
32%
Consumer Cyclical
15%
Health
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
 Syngene International Ltd | 0.4% |
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Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Growth, since 18 September 2023
Top funds managed
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
Total AUM
₹8.23L Cr
as on 29-Nov-2024
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 32.97%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 14.42% per annum.
Over the last 3 months, this fund has experienced a 4.7% drop in AUM moving from 14.90K Cr to 14.21K Cr.
Over the last 1 month, this fund has increased expense ratio by 1.9% moving from 1.06 to 1.08.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.08% which is lower than the category average expense ratio of 1.28%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 13.96% per annum.
ICICI Prudential ELSS Tax Saver Fund Direct Growth 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 16.29% since inception which is more than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 98.55% in Equity, 0% in Debt and 1.45% in Cash related instruments
AUM size ₹14210 Cr
This fund has AUM of ₹14210 Cr which is more than its category average of ₹ 3948 Cr
Expense Ratio 1.08%
This fund has an expense ratio of 1.08% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for ICICI Prudential ELSS Tax Saver Fund Direct Growth
The current NAV of ICICI Prudential ELSS Tax Saver Fund Direct Growth is ₹970.09 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
ICICI Prudential ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.41% | 0.41% |
6 Month Returns | 3.5% | 3.5% |
1 Year Returns | 20.03% | 20.03% |
3 Years Returns | 57.08% | 16.24% |
5 Years Returns | 131.5% | 18.28% |
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1.08% as on November 2024
₹14210 Cr as on November 2024
ICICI Bank Ltd(8.93%), HDFC Bank Ltd(7.25%), Avenue Supermarts Ltd(5.06%), Bharti Airtel Ltd(4.96%), Maruti Suzuki India Ltd(4.73%) as on November 2024
Financial Services(31.4%), Consumer Cyclical(15.4%), Health(12.74%) as on November 2024
The alpha ratio for the ICICI Prudential ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 0.8 | 0.36 | -0.1 |
As on November 2024
The alpha for ICICI Prudential ELSS Tax Saver Fund Direct 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 ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 0.9 | 0.9 | 0.98 |
As on November 2024
The Beta for ICICI Prudential ELSS Tax Saver Fund Direct 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 ELSS Tax Saver 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 ELSS Tax Saver Fund Direct Growth | 1.39 | 0.78 | 0.74 |
As on November 2024
The sharpe ratio for ICICI Prudential ELSS Tax Saver Fund Direct 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 ELSS Tax Saver 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 ELSS Tax Saver Fund Direct Growth | 12.35 | 12.67 | 19.14 |
As on November 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 1.35 as on November 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 Growth
The Exit load of ICICI Prudential ELSS Tax Saver Fund Direct Growth is 0%