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  • What is Equity Linked Savings Scheme (ELSS)?

    • A Mutual Fund scheme that helps save tax and offers an opportunity to grow your wealth through investments in equities
    • It qualifies for tax deductions under section 80C of the Income Tax Act, 1961
    • It has a short lock in period of 3 years

  • About ICICI Prudential Long Term Equity Fund (Tax Saving)

    • ICICI Prudential’s offering of Equity Linked Savings Scheme
    • Intends to generate long term wealth creation through investments in Equity Markets
    • Provides deduction of up to Rs.1,50,000 from Gross Taxable Income

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

• The scheme has delivered a return of 20.32% CAGR since inception**
• Invests in a blend of large, mid and small cap stocks
• Has a good focus on key earning drivers like quality of management, sensitivity to economic factors, the industry structure and the like
• Is managed by professional Fund Managers who aim to deliver consistent returns
• Offers long term partnership of Tax Saving and Wealth Creation opportunity

** Details can be found in the Scheme Performance chart at the end of the page



Read more about ICICI Prudential Long Term Equity Fund here

Scheme Features

  • Type of Scheme
    An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
  • Plans
    ICICI Prudential Long Term Equity Fund (Tax Saving) and ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct; Options: Growth & Dividend
  • Minimum Application Amount
    `500 (plus in multiples of Re. 1)
  • Minimum Additional Application Amount
    `500 (and in multiples thereof)
  • Minimum Redemption Amount
    `500 or all units where amount is below  `500
  • Entry Load
    Not Applicable
  • Exit Load
  • Fund Manager
    Mr. Sankaran Naren has been managing this fund since Nov 2018 & has overall 26 years of experience. Mr. Harish Bihani has been managing this fund since Nov 2018 & has overall above 10 years of experience.#

#In addition to the fund manager managing this scheme, overseas investment is managed by Ms. Priyanka Khandelwal.

Scheme Performance


For details of other schemes managed by the same fund managers, click here.

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.