ICICI Prudential ELSS Tax Saver Fund Direct Growth
NAV as on 31-03-2025
₹ 956.41
1D
Inception Returns
15.8%
/yr
Historical NAV & Returns
Absolute
▲
▼
3417 people have invested ₹ 1.4Cr in ICICI Prudential ELSS Tax Saver Fund Direct Growth in the last three months
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 ₹12744 Cr worth of assets under management (AUM) as on Feb 2025 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 15.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.18%, 14.77% and 26.85% respectively.
Holdings
ICICI Prudential ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Health, Industrial, Communication, Consumer Defensive, Energy, Tech, Utilities, Basic Materials, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Maruti Suzuki India Ltd, Sun Pharmaceuticals Industries 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 benefitDividends 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
ICICI Prudential ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1.14% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹12744 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 |
INDmoney Rank for ICICI Prudential ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
20
/23
41% Performance
46% Risk Management
0% Cost
20 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Trailing Returns
as on (31-Mar-25)
Fund Distribution
as on (28-Feb-25)
Large cap
72.7%
Small cap
12%
Mid cap
10.2%
Sector Allocation
Financial Services
33.7%
Consumer Cyclical
15.7%
Health
12.1%
Industrial
8.1%
Communication
6.6%
Consumer Defensive
6.3%
Energy
5.7%
Tech
3.8%
Utilities
3.8%
Basic Materials
3.3%
Real Estate
0.9%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 12.7K Cr as of Feb'25
- AUM decreased by 1.1K Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 7.71% to 8.36%
Axis Bank Ltd's allocation increased from 4.05% to 4.43%
Ambuja Cements Ltd's allocation increased from 0.65% to 1%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 5.14 % to 4.99 %
Maruti Suzuki India Ltd's allocation decreased from 5.57 % to 4.92 %
Avenue Supermarts Ltd's allocation decreased from 5.3 % to 4.79 %
Mid Cap allocation has gone down from 11.4% to 10.2%
Large Cap allocation has gone down from 73.4% to 72.7%
Small Cap allocation has gone down from 14.1% to 12%
Cash allocation has gone up from 1.1% to 5.1%
Top 3 Sectors in February were Financial Services, Consumer Cyclical & Health
Feb'25
Financial Services
34%
Consumer Cyclical
16%
Health
12%
Jan'25
Financial Services
32%
Consumer Cyclical
16%
Health
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 9.4% |
 HDFC Bank Ltd | 7.4% |
 SBI Cards & Payment Services Ltd | 6.4% |
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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
₹8.37L Cr
as on 28-Feb-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
Mutual Fund Insights
Over the last 6 months, this fund has experienced a 14.5% drop in AUM moving from 14.90K Cr to 12.74K Cr.
Over the last 3 months, this fund has increased expense ratio by 7.5% moving from 1.06 to 1.14.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.1% return, outperforming this fund by 12.25% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.14% which is lower than the category average expense ratio of 1.3%.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 17.7% return, outperforming this fund by 8.52%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 24.69% return, outperforming this fund by 9.92% 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 15.79% since inception which is more than its category average return of 14.5%
Fund Allocations
This fund has an allocation of 94.87% in Equity, 0% in Debt and 5.13% in Cash related instruments
AUM size ₹12744 Cr
This fund has AUM of ₹12744 Cr which is more than its category average of ₹ 4477 Cr
Expense Ratio 1.14%
This fund has an expense ratio of 1.14% which is less than its category average expense ratio of 1.4%
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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 ₹956.41 as on 31-Mar-2025.
Existing (Absolute + CAGR) as on 31-Mar-2025.
ICICI Prudential ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.25% | 7.25% |
6 Month Returns | -11.16% | -11.16% |
1 Year Returns | 9.18% | 9.18% |
3 Years Returns | 51.18% | 14.77% |
5 Years Returns | 228.45% | 26.85% |
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1.14% as on March 2025
₹12744 Cr as on March 2025
ICICI Bank Ltd(9.37%), HDFC Bank Ltd(8.36%), Bharti Airtel Ltd(4.99%), Maruti Suzuki India Ltd(4.92%), Sun Pharmaceuticals Industries Ltd(4.8%) as on March 2025
Financial Services(32%), Consumer Cyclical(14.91%), Health(11.44%) as on March 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 | 2.81 | 0.86 | 0.61 |
As on March 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 | 0.93 | 0.88 | 0.96 |
As on March 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 | -0.18 | 0.51 | 0.69 |
As on March 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 | 14.54 | 13.23 | 19.17 |
As on March 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 0.84 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.05 as on March 2025. It tells the consistency of the fund in generating superior risk-adjusted performance
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%