ICICI Prudential Long Term Wealth Enhancement Fund...
NAV as of Jul 05, 2024
28.460.11%
(Earn upto 0.40% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
0.99%(1.13% Category
average)Fund Size:
Rs. 39.40 Cr(2.83% of Investment in Category)
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ICICI Prudential Long Term Wealth Enhancement Fund Direc...
NAV as of Jul 05, 2024
28.460.11%
Expense Ratio:
0.99%
Fund Size:
Rs. 39.40 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan as of Jul 05, 2024 is Rs 28.46 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 42.71% (1yr), 24.13% (3yr), 20.02% (5yr) and 17.9% (since launch). Whereas, Category returns for the same time duration are: 41.0% (1yr), 24.05% (3yr) and 24.0% (5yr).
3. Fund Size: The ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan currently holds Assets under Management worth of Rs 39.4 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.99% for Direct plan as on May 31, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 0.
ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 6.51 10.22 23.36 43.59 24.19 20.39 Category Avg 10.97 13.83 18.49 42.47 23.85 24.60 Rank within Category 17 15 5 13 11 14 No. of funds within Category 18 18 18 18 18 18 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Large Midcap 250 Total Return Index
Choose from Benchmarks
- S&P BSE Sensex
- Nifty 50
- 1M
- 3M
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- 1Y
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ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW Fund Details
Investment Objective - The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
Fund House | ICICI Prudential Mutual Fund |
Launch Date | Mar 22, 2018 |
Benchmark | NIFTY Large Midcap 250 Total Return Index |
Return Since Launch | 18.08% |
Riskometer | Very High |
Type | Closed-end |
Risk Grade | - |
Return Grade | - |
ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW Investment Details
Minimum Investment (Rs.) | 500.00 |
Minimum Additional Investment (Rs.) | 500.00 |
Minimum SIP Investment (Rs.) | - |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 23 | 22 | 22 | 22 | 23 | 24 |
Top 5 Company Holdings | 42.62% | 42.89% | 41.9% | 42.23% | 42.17% | 42.78% |
Top 10 Company Holdings | 70.48% | 70.12% | 69.71% | 70.06% | 70.34% | 70.02% |
Company with Highest Exposure | TVS Motor Company (10.1%) | ICICI Bank (9.91%) | TVS Motor Company (9.56%) | TVS Motor Company (9.76%) | ICICI Bank (9.54%) | TVS Motor Company (9.84%) |
Number of Sectors | 10 | 9 | 9 | 9 | 9 | 10 |
Top 3 Sector Holdings | 65.13% | 65.13% | 61.57% | 62.17% | 60.94% | 65.23% |
Top 5 Sector Holdings | 80.71% | 80.69% | 77.08% | 78.94% | 77.65% | 80.35% |
Sector with Highest Exposure | Financial (24.27%) | Financial (24.17%) | Financial (22.88%) | Financial (23.02%) | Financial (23.19%) | Financial (25.01%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) TVS Motor Company Automobile 10.1 68.46 35.50 80.21 ICICI Bank Financial 9.78 19.11 64.53 19.58 Maruti Suzuki India Automobile 8.69 28.30 427.75 33.06 HDFC Bank Financial 7.28 19.57 84.20 -2.31 Avenue Supermarts Services 6.77 124.52 38.97 30.70 Redtape Consumer Discretionary 6.23 - - - Trent Services 5.88 134.37 41.82 210.60 Bharti Airtel Communication 5.71 115.79 12.35 71.00 Sun Pharmaceutical Industries Healthcare 5.42 39.30 39.91 53.14 Ethos Services 4.62 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW 28.46 Unrated 39.40 6.51 43.59 24.19 20.39 SBI Long Term Equity Fund Direct Plan-IDCW 114.76 23,887.64 10.22 60.50 29.24 25.40 Bank of India ELSS Tax Saver Fund Direct-IDCW 80.97 1,326.57 13.67 61.97 25.45 29.50 Quant ELSS Tax Saver Fund Direct-IDCW 59.90 9,860.39 6.88 60.05 28.57 35.71 Kotak ELSS Tax Saver Fund Direct-IDCW 57.45 5,768.54 9.18 44.10 23.41 22.69
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
11.69VS13.19Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.79VS0.90Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.45VS1.19Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
21.61VS17.63Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
6.21VS3.36Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
22.45VS21.09Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
ICICI Prudential Mutual Fund News
Fund Manager
- R.C.Rajat ChandakSince Dec 20173 schemes
Mr. Chandak is a B.Com (H) and MBA. He has been associated with ICICI Prudential AMC since 2008.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y ICICI Prudential Balanced Advantage Direct-IDCW Dynamic Asset Allocation 28.58 56,750.35 22.75 ICICI Prudential Transportation and Logistics Fund Direct - IDCW Thematic 19.08 Unrated 2,924.15 63.08 ICICI Prudential Flexicap Fund Direct - IDCW Flexi Cap 18.74 Unrated 14,913.29 42.62
More ICICI Prudential Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
ICICI Prudential Fixed Maturity Plan - Series 85 10 Years Plan I Direct - Growth | 420.08 | 0.71 | 1.90 | 4.10 | 7.30 | 6.05 | |
ICICI Prudential Fixed Maturity Plan - Series 88 1226 Days Plan F Direct - Growth | 123.92 | 0.67 | 1.95 | 3.76 | 7.07 | - | |
ICICI Prudential Fixed Maturity Plan - Series 88 1303 Days Plan S Direct - Growth | 59.55 | 0.76 | 1.94 | 4.02 | 7.30 | - | |
ICICI Prudential Long Term Wealth Enhancement Fund Direct - Growth | 39.40 | 5.19 | 11.79 | 22.69 | 42.68 | 23.88 |
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1. ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan is Closed-end ELSS Equity scheme which belongs to ICICI Prudential Mutual Fund House.
2. The fund was launched on Mar 22, 2018.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. "
2. It is benchmarked against NIFTY Large Midcap 250 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.03% in equities, 0.0% in debts and 0.97% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 70.48% of the assets, the top 3 sectors constitute around 65.13% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about ICICI Prudential Long Term Wealth Enhancement Fund Direct-IDCW
- Is it safe to invest in ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan comes under Very High risk category.
- What is the category of ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan?ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan belongs to the Equity : ELSS category of funds.
- How Long should I Invest in ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan?The suggested investment horizon of investing into ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan?The ICICI Prudential Long Term Wealth Enhancement Fund - Direct Plan is managed by Rajat Chandak (Since Dec 22, 2017).
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