ICICI Prudential ELSS Tax Saver Fund Direct Growth
NAV as on 24-04-2025
₹ 998.86
▲0.8%
1D
Inception Returns
16.1%
/yr
Historical NAV & Returns
Absolute
▲
▼
3178 people have invested ₹ 1.3Cr 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 ₹13633 Cr worth of assets under management (AUM) as on Mar 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 16.14% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.45%, 16.65% and 25.49% 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, Utilities, Basic Materials, Tech, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Avenue Supermarts Ltd, Bharti Airtel 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 | 1.13% |
Benchmark | Nifty 500 TR INR |
| AUM | ₹13633 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
18
/23
41% Performance
49% Risk Management
0% Cost
18 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 (24-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
74.9%
Small cap
11.6%
Mid cap
10.6%
Sector Allocation
Financial Services
33.1%
Consumer Cyclical
15.7%
Health
12%
Industrial
8.1%
Consumer Defensive
6.8%
Communication
6.3%
Energy
5.6%
Utilities
4.1%
Basic Materials
3.9%
Tech
3.5%
Real Estate
0.8%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.24% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.01% in Mar'25
- AUM of the fund stands at 13.6K Cr as of Mar'25
- AUM increased by 889.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Avenue Supermarts Ltd's allocation increased from 4.79% to 5.37%
ICICI Bank Ltd's allocation increased from 9.37% to 9.81%
UltraTech Cement Ltd's allocation increased from 1.54% to 1.97%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 8.36 % to 8.06 %
Bharti Airtel Ltd's allocation decreased from 4.99 % to 4.93 %
Maruti Suzuki India Ltd's allocation decreased from 4.92 % to 4.76 %
Mid Cap allocation has gone up from 10.2% to 10.6%
Large Cap allocation has gone up from 72.7% to 74.9%
Small Cap allocation has gone down from 12% to 11.6%
Cash allocation has gone down from 5.1% to 2.9%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Health
Mar'25
Financial Services
33%
Consumer Cyclical
16%
Health
12%
Feb'25
Financial Services
34%
Consumer Cyclical
16%
Health
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 9.81% | 0% | |
 HDFC Bank Ltd | 8.06% | -2.2% | |
 Avenue Supermarts Ltd | 5.37% | 0% | |
 Bharti Airtel Ltd | 4.93% | -4.3% | |
 Sun Pharmaceuticals Industries Ltd | 4.89% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
ICICI Prudential ELSS Tax Saver Fund Direct Growth | 12.45% | 16.65% | 25.49% | 16.14% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 18.69% | 20.61% | 28.67% | 18.31% |
 Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth | 11.13% | 25.11% | 28.75% | 18.01% |
 Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth | 10.81% | 15.9% | 26.57% | 19.39% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Avenue Supermarts Ltd | 13.6% |
 HDFC Bank Ltd | 9% |
 ICICI Bank Ltd | 4.3% |
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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
₹8.04L Cr
as on 31-Mar-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 1 year, this fund has increased expense ratio by 9.7% moving from 1.03 to 1.13.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.13% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 25.11% return, outperforming this fund by 8.45% per annum.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 18.69% return, outperforming this fund by 6.24%.
Over the last 6 months, this fund has experienced a 11.0% drop in AUM moving from 15.32K Cr to 13.63K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 11.5% 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 16.14% since inception which is more than its category average return of 15.05%
Fund Allocations
This fund has an allocation of 97.07% in Equity, 0% in Debt and 2.93% in Cash related instruments
AUM size ₹13633 Cr
This fund has AUM of ₹13633 Cr which is more than its category average of ₹ 4910 Cr
Expense Ratio 1.13%
This fund has an expense ratio of 1.13% 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 ₹998.86 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
ICICI Prudential ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.22% | 5.22% |
6 Month Returns | -0.31% | -0.31% |
1 Year Returns | 12.45% | 12.45% |
3 Years Returns | 58.74% | 16.65% |
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1.13% as on March 2025
₹13633 Cr as on March 2025
ICICI Bank Ltd(9.81%), HDFC Bank Ltd(8.06%), Avenue Supermarts Ltd(5.37%), Bharti Airtel Ltd(4.93%), Sun Pharmaceuticals Industries Ltd(4.89%) as on March 2025
Financial Services(32.1%), Consumer Cyclical(15.25%), Health(11.67%) 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 | 2.58 | 0.91 | 1.46 |
As on March 2025
The alpha for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated against Nifty 500 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 | 0.94 |
As on March 2025
The Beta for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 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 | 0.2 | 0.57 | 1.28 |
As on March 2025
The sharpe ratio for ICICI Prudential ELSS Tax Saver Fund Direct Growth is calculated with Nifty 500 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 | 16.09 | 13.59 | 15.25 |
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 0.95 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.04 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%