ICICI Prudential ELSS Tax Saver Fund Direct Growth

ICICI Prudential ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 28-02-2025

₹ 891.84

▼-0.4%

1D

Inception Returns

15.4%

/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

  1. ICICI Prudential ELSS Tax Saver Fund Direct Growth has ₹13549 Cr worth of assets under management (AUM) as on Jan 2025 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

ICICI Prudential ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.47%, 13.91% and 17.76% 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, Maruti Suzuki India Ltd, Avenue Supermarts Ltd, Bharti Airtel 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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

Absolute
▲
▼

zero opening, trading, fund transfer fee
3454 people have invested ₹ 1.5Cr 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
19
/23
39% Performance
40% Risk Management
0% Cost
19 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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Has not generated consistent returns

ICICI Prudential ELSS Tax Saver Fund Direct Growth Overview

Expense ratio1.13%
Benchmark
S&P BSE 200 India TR INR
AUM₹13549 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
29.11%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (28-Feb-25)

Period
ICICI Prudential ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
-1.3%
-7.9%
-3.3%
3M
-8.1%
-12.4%
-11.5%
6M
-11.2%
-16.2%
-13.6%
1Y
4.5%
-1%
1.9%
3Y
13.9%
11.6%
14.5%
5Y
17.8%
16.6%
17%

Fund Distribution

as on (31-Jan-25)

  • Equity 98.9%

  • Debt & Cash 1.1%

Large cap
73.4%
Small cap
14.1%
Mid cap
11.4%
Sector Allocation

Jan'25

Dec'24

Nov'24

Financial Services
32.3%
Consumer Cyclical
16.2%
Health
11.8%
Industrial
7.9%
Consumer Defensive
7.5%
Communication
6.6%
Energy
5.4%
Tech
4.6%
Utilities
3.4%
Basic Materials
3.1%
Real Estate
1%
All changes are between Nov'24 and Jan'25
Dec'24
Nov'24
Fund Returns
-2.18%
-0.82%
Nifty 500
-2.02%
-0.60%
Parameters
Jan'25
Dec'24
Nov'24
AUM
₹ 13.8K Cr
₹ 14.2K Cr
₹ 14.3K Cr
  • AUM of the fund stands at 13.8K Cr as of Jan'25
  • AUM decreased by 363.6 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Maruti Suzuki India Ltd's allocation increased from 4.8% to 5.57%
Maruti Suzuki India Ltd's allocation increased from 4.8% to 5.57%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 2.55% to 2.92%
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 2.55% to 2.92%
UltraTech Cement Ltd's allocation increased from 1.3% to 1.61%
UltraTech Cement Ltd's allocation increased from 1.3% to 1.61%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 9.18 % to 9.17 %
ICICI Bank Ltd's allocation decreased from 9.18 % to 9.17 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 4.78 % to 4.73 %
Sun Pharmaceuticals Industries Ltd's allocation decreased from 4.78 % to 4.73 %
Axis Bank Ltd's allocation decreased from 4.27 % to 4.05 %
Axis Bank Ltd's allocation decreased from 4.27 % to 4.05 %
Small Cap allocation has gone up from 13.7% to 15.4%
Small Cap allocation has gone up from 13.7% to 15.4%
Mid Cap allocation has gone down from 11.1% to 11%
Mid Cap allocation has gone down from 11.1% to 11%
Large Cap allocation has gone down from 71.4% to 71.1%
Large Cap allocation has gone down from 71.4% to 71.1%
Cash allocation has gone down from 2.5% to 1.1%
Cash allocation has gone down from 2.5% to 1.1%

Top 3 Sectors in January were Financial Services, Consumer Cyclical & Health

Jan'25
Financial Services
32%
Consumer Cyclical
16%
Health
12%
Dec'24
Financial Services
32%
Consumer Cyclical
16%
Health
12%

  • Equity

Holdings
Weight%
1M Change
ICICI Bank Ltd
ICICI Bank Ltd
9.17%
0%
HDFC Bank Ltd
HDFC Bank Ltd
7.71%
3.4%
Maruti Suzuki India Ltd
Maruti Suzuki India Ltd
5.57%
0%
Avenue Supermarts Ltd
Avenue Supermarts Ltd
5.3%
-0.9%
Bharti Airtel Ltd
Bharti Airtel Ltd
5.14%
-2.9%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
ICICI Prudential ELSS Tax Saver Fund Direct Growth
ICICI Prudential ELSS Tax Saver Fund Direct Growth
4.47%
13.91%
17.76%
15.41%
LIC MF ELSS Tax Saver -Direct Plan Growth Option
LIC MF ELSS Tax Saver -Direct Plan Growth Option
9.92%
14.13%
14.63%
14.52%
DSP ELSS Tax Saver Fund Direct Plan Growth
DSP ELSS Tax Saver Fund Direct Plan Growth
9.14%
18.17%
20.6%
17.57%
SBI Long Term Equity Fund Direct Growth
SBI Long Term Equity Fund Direct Growth
7.08%
24.54%
23.55%
16.33%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
SBI Cards & Payment Services Ltd
SBI Cards & Payment Services Ltd
11.5%
Maruti Suzuki India Ltd
Maruti Suzuki India Ltd
4%
Fund
Jan'25
Dec'24
Nov'24
No of Holdings
83
78
80
Top 5 Company Concentration
32.9%
31.7%
30.9%
Company having highest exposure
ICICI Bank Ltd (9.2%)
ICICI Bank Ltd (9.2%)
ICICI Bank Ltd (8.9%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
75.8%
75.9%
75.4%
Sector having highest exposure
Financial Services (32.3%)
Financial Services (32.1%)
Financial Services (31.9%)
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Mittul Kalawadia
Mittul Kalawadia
Fund Manager of ICICI Prudential ELSS Tax Saver Fund Direct Growth, since 18 September 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
ICICI Prudential Equity & Debt Fund Direct Plan Growth
17.95%
12.62%
ICICI Prudential Dividend Yield Equity Fund Direct Growth
23.17%
17.65%
ICICI Prudential ELSS Tax Saver Fund Direct Plan Growth
13.91%
14.46%
Fund House
ICICI Prudential Asset Management Company Limited
Total Schemes
97
See all ICICI schemes
Total AUM
₹8.31L Cr
as on 31-Jan-2025
Address
ICICI Prudential Asset Mgmt.Company Limited,3rd Floor, Hallmark Business Plaza,,Sant Dyaneshwar Marg,,Bandra (East)
Phone
+912226428000
Website
investor.helpdesk@hdfcbank.com

ICICI Prudential ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.41% since inception which is more than its category average return of 14.07%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.88% in Equity, 0% in Debt and 1.12% in Cash related instruments
AUM size ₹13549 Cr

AUM size ₹13549 Cr

This fund has AUM of ₹13549 Cr which is more than its category average of ₹ 4780 Cr
Expense Ratio 1.13%

Expense Ratio 1.13%

This fund has an expense ratio of 1.13% which is less than its category average expense ratio of 1.37%

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 ₹891.84 as on 28-Feb-2025.
Existing (Absolute + CAGR) as on 28-Feb-2025.
ICICI Prudential ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.27%
-1.27%
6 Month Returns
-11.24%
-11.24%
1 Year Returns
4.47%
4.47%
3 Years Returns
47.8%
13.91%
5 Years Returns
126.43%
17.76%
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1.13% as on January 2025
₹13549 Cr as on January 2025
ICICI Bank Ltd(9.17%), HDFC Bank Ltd(7.71%), Maruti Suzuki India Ltd(5.57%), Avenue Supermarts Ltd(5.3%), Bharti Airtel Ltd(5.14%) as on January 2025
Financial Services(31.89%), Consumer Cyclical(16.04%), Health(11.71%) as on January 2025
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
2.55
0.23
-0.07
As on January 2025
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
1
0.89
0.98
As on January 2025
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
0.47
0.58
0.68
As on January 2025
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
12.94
12.93
19.26
As on January 2025
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 0.98 as on January 2025. 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%