About ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth is a Tax Saver
mutual fund scheme from ICICI Prudential Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Sankaran Naren
and Harish Bihani
. It has an AUM of ₹6,297.91 Crores and the latest NAV decalared is ₹291.210 as on 27 Mar 2020 at 12:00 am.
ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth scheme return performance in last 1 year is -26.64%, in last 3 years is -12.00% and 82.30% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
The scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call).
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.