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  • 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

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

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Read more about ICICI Prudential Long Term Equity Fund (Tax Saving) 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
    Nil
  • 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

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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.
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