Tax Plan, Tax Planning, Tax Benefits, Tax Funds, Tax Saving Plans- ICICI Pruamc

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ICICI Prudential Tax Plan

Save tax and top it up with the benefits of long term investing

It is really frustrating to see a chunk of your hard earned money being eaten by taxes month after month. To counter this, one normally invests in tax saving instruments. But it would be better if you look beyond mere tax saving and also provide a chance for your tax -saving investments to appreciate. ICICI Prudential Tax Plan does just that. It allows you to harness the benefits of long term equity investing in addition to helping you save tax.

Investment Philosophy

ICICI Prudential Tax Plan is an open-ended equity linked saving scheme (ELSS). It has a lock-in period of 3 years, which ensures that you compulsorily remain invested over this period. This 3 year lock-in gives the fund manager the flexibility to make strategic long term investments in a diversified portfolio comprising a mix of large and medium sized stocks, chosen after careful fundamental research. All these stocks are growth oriented and have a patient, long term style.

Benefits

ICICI Prudential Tax Plan gives you a double benefit:

Investments in ICICI Prudential Tax Plan are eligible for tax benefits, upto an amount of Rs. 1,00,000 (compared to Rs. 10,000 earlier). # As per Finance Act 2005 and subsequent notification dated Nov 11,2005 issued by CBDT.

ELSS offers significant advantages over other tax saving instruments:

	Potential for higher rate of return (see comparison table below).
	Shorter lock-in period of 3 years as compared to 6 years for NSC, and 15 years for PPF.

Performance

See performance for the fund in the graph below:

Investor Profile

This fund is ideal for:

ICICI Prudential Tax Plan is suited for patient investors who have a long term investing horizon of 3-5 years and at the same time are looking at tax saving.

A simple but sensible way to invest in equity is through the ICICI Prudential SIP.

Key Features

Key Features	ICICI Prudential Tax Plan
Type	Open-ended Equity Linked Saving Scheme
Investment Pattern	Equity & Equity related instruments upto 90% & Debt, Money Market and Cash upto 10%.
Investment Objective	To seek to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities
	Growth & Dividend
Default Option	Dividend Reinvestment
Application Amount	Rs.500/- (plus in multiples of Re. 1)
Min. Additional Investment	Rs.500/- and in multiples thereof
Entry Load	(i) For investments of less than Rs. 5 Crores : Entry load at 2.25% of applicable NAV.(ii)For investments of Rs. 5 crores and Above : Nil
Exit Load	Nil
Redemption Cheques Issued	Generally Within 3 business day for Specified RBI locations and additional 3 Business Days for Non-RBI locations after lock-in period of 3 Years.
Minimum Redemption Amt.	Rs. 500/-
Systematic Investment Plan	Monthly: Minimum Rs. 500 or multiples thereof & 5 post-dated cheques for a minimum of Rs. 500 for a block of 5 months in advance.
Systematic Withdrawal Plan	Not available
Recurring Expenses
Investment Mangmt. Exp.	1.25%
Other Recurring Expenses	1.25%
Total	2.50%