ICICI Prudential Long Term Equity Fund

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ABOUT

ICICI Prudential Long Term Equity Fund

What is an Equity Linked Savings Scheme (ELSS)?

  • ‘ELSS’ is a Mutual Fund Scheme that can help save up to Rs. 46,800* in tax; your investments in ELSS qualify for tax deductions under section 80C of the Income Tax Act, 1961.
  • As they invest in equity markets, they can help you Grow Your Wealth too!
  • These schemes have a short lock in period of just 3 years.
    Calculated at the highest tax slab rate for FY18-19 applicable on investments u/s 80c. Surcharge has been ignored for ease of calculation.

About ICICI Prudential Long Term Equity Fund (Tax Saving)

  • An Equity Linked Savings Scheme offered by ICICI Prudential Mutual Fund
  • It aims to help you create wealth over the long term by investing in Equity Markets
  • It provides deduction of up to Rs.1,50,000 from your Gross Total Income

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Presenting ICICI Prudential Long Term Equity Fund (Tax Saving)

Watch to learn more about ICICI Prudential Long Term Equity Fund (Tax Saving)

Key Features
New Fund Offer period New Fund Offer Opens on: November 23, 2020
New Fund Offer Closes on: December 7, 2020
Investment Objective To generate long-term capital appreciation by predominantly investing in equity and equity related instruments selected based on a quantitative model.
Benchmark S&P BSE 200 TRI
Minimum Application 5,000/- (plus in multiple of Re. 1)
SIP amount Daily, Weekly, Fortnightly, Monthly SIP: 100/- (plus in multiple of Re. 1/-) Minimum installments: 6
Quarterly SIP: 5,000/- (plus in multiple of Re. 1/-) Minimum installments-4
Entry Load: Not Applicable.
Exit Load 1% of applicable Net Asset Value-redeemed within 12 months
Nil - if redeemed after twelve months
Fund Manager Roshan Chutkey
Key Features
NFO Period New Fund Offer Opens on: Sep 21, 2020
New Fund Offer Closes on: Oct 05, 2020
RTGS and Transfer Cheques Till the end of business hours on: Oct 05,2020
MICR cheques Till the end of business hours on: Oct 05,2020
Option to be Launched ICICI Prudential ESG Fund- Growth & Dividend
ICICI Prudential ESG Fund- Direct Plan - Growth & Dividend
Switches Switch-in-requests from equity schemes and other schemes will be accepted upto October 5,2020 till the cut-off time applicable for switches.
Switch-in-requests from ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Global Advantage Fund(FOF) and ICICI Prudential Global Stable Equity Fund(FOF) will not be accepted.
Minimum Application Amount during the NFO 5000/- (plus in multiple of .1 thereafter)
Benchmark Nifty 100 ESG Index
Fund Manager Lakshminarayanan K.G.


Scheme Features
Type of Scheme An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Plans Growth & IDCW
Min. Application Amount Rs.500 (plus in multiples of Re.1)
Min. Additional Investment Rs.500 & in multiples thereof
Minimum Redemption Amt. Any Amount
Entry Load Not Applicable.
Exit Load Nil
Fund Manager Harish Bihani {Managing this fund since Nov, 2018 & Overall above 13 Years of experience} #

Scheme Performance

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Fund Manager

Harish Bihani

11
Years of Experience
4
Funds managed in total

Why invest in ICICI Prudential Long Term Equity Fund (Tax Saving)?

  • The scheme has delivered returns of 20.32% CAGR since inception**
  • It invests in a blend of large, mid and small cap stocks
  • The Fund Manager focuses on key earning drivers like quality of management, sensitivity to economic factors, the industry structure and the like while choosing stocks to invest
** Details can be found in the Scheme Performance chart at the end of the page

Now, get your Tax Investment Proof instantly#by investing in ICICI Prudential Long Term Equity Fund (Tax Saving)

This proof, generated at the end of transaction journey, can be used to declare your investments in ELSS category under Section 80C. Subject to allotment of units

So, what are you waiting for?

This product is suitable for Investors who are seeking*:

  • Long term wealth creation solution
  • An Equity Linked Savings Scheme that aims to generate long term capital appreciation by primarily investing in equity and related securities and provides tax benefit under section 80C of Income Tax Act, 1961.

Investors understand that their principal will be at high

*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.

Download

One Pager

ICICI Prudential Quant Fund
An open ended equity scheme following Quant based investing theme.

  • Long term wealth creation
  • An equity scheme that invests in equity and equity related instruments selected based on quant model.

Investors understand that their principal will be at High Risk.

*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.

ICICI Prudential ESG Fund (An open ended equity scheme investing in companies identified based on the Environmental, Social and Governance (ESG) theme)
This product is suitable for Investors who are seeking*:

  • Long term wealth creation
  • An equity scheme that invests in equity and equity related instruments of companies following the ESG theme

Investors understand that their principal will be at High Risk.

*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.

Download

One Pager

Terms & Conditions for Tree Plantation Activity

ICICI Prudential Asset Management Company Ltd. (the AMC) shall be contributing to ICICI Foundation for Inclusive Growth for planting of trees as part of its Corporate Social Responsibility (CSR) Activities. For this purpose, the AMC shall contribute towards one tree for every investor investing in ICICI Prudential ESG Fund or any other scheme as decided by the AMC from time to time. The count of investor shall be computed basis the PAN of the first holder in the folio. It may be noted that planting of a tree or certificate to the investor for the tree being planted does not grant or transfer ownership of the trees or to any products derived from those trees to the investors. The AMC reserves the right to make changes/stop this activity without prior intimation to the investors.