EQUITY FUNDS
Long Term Equity Fund(Tax Saving) - Equity Mutual Funds - ICICI Prudential

ICICI Prudential Long Term Equity Fund(Tax Saving)

Investment Objective

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies.

Key Benefits

  • Provide tax deduction upto the limits specified u/s 80C of the Income Tax Act, 1961 is eligible for deduction.
  • Shorter lock-in period of 3 years as compared to other traditional tax saving instruments$
  • It offers a potential for a higher return and potential to earn tax-free dividend
  • Also, there is no tax on long term capital gains on redemptions done after lock-in period

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


Key Features

Type

Open - ended Equity Linked Saving Scheme

Plan

ICICI Prudential Long Term Equity Fund (Tax Savings) & ICICI Prudential Long Term Equity Fund (Tax Savings) - Direct Plan

Options

Growth & Dividend

Default Option

Growth, Default sub-option Dividend Reinvestment

Application Amount

Rs.500 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.500/- and in multiples thereof

Entry Load

Not Applicable

Exit Load

Nil

Minimum Redemption Amt.

Rs. 500 or all units where amount is less than Rs. 500

Systematic Investment Plan

Available

Systematic Transfer Plan

STP In available

Systematic Withdrawal Plan

Available



Fund Manager

Mr. George Heber Joseph

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