Are you an investor searching for a scheme which can help you save tax? ICICI Prudential Mutual Fund brings to you ICICI Prudential Long Term Equity Fund that exactly does this. It is a tax saving scheme that comes under ELSS category. A scheme under Equity Linked Savings Scheme category gets a tax relief under Section 80C of the Income Tax Act, 1961.The risk involved is moderately high with a lock-in period of three years.
Investment Objective
ICICI Prudential Long Term Equity Fund is an open-ended equity scheme that invests mainly in equity and equity-related instruments. An open-ended scheme is a scheme that provides the investor an opportunity to invest or redeem at any time. One doesn’t have to buy from an existing shareholder; he/she can purchase the units directly from the fund itself.
Who Should Invest?
Why Should You Invest In ICICI Prudential Long Term Equity Fund?
Fund Manager
George Heber Joseph has been managing this fund since April 2015. He has done B.Com. and B.A. in English language and literature. He is an associate member of ICAI and ICWAI.
Other Important Details
The Net Asset Value of ICICI Pru Long Term Equity Fund was Rs. 345.96 as on June 05, 2018 and its AUM was recorded as Rs. 5,299 crore as on April 30th, 2018. The minimum amount required to start investment in this scheme is Rs. 500, both in lump sum and SIP mode of investment.
ICICI Prudential Long Term Equity Fund has currently invested 98.68% in equity and the remaining in debt and other instruments. It has invested in giant-cap, large-cap, mid-cap, and small cap equities in the ratio 46.87%, 23.39%, 28.20%, and 1.54%, respectively.
Its benchmark is NIFTY 500 TRI. The top three sectors in which it has invested majorly are Financial, Healthcare, and FMCG. In comparison to its benchmark, ICICI Pru Long Term Equity Fund has invested more in Healthcare and FMCG sectors but less in the Financial sector.
NTPC (Energy), State Bank of India (Financial) and Thomas Cook, India (Services) are the top three companies in whose stocks, it has made the maximum investment with 4.94%, 4.62%, and 4.14%, allocation, respectively.
So, what are you waiting for? Log on to www.mysiponline.com. and invest in a hassle-free way in ICICI Prudential Long Term Equity Fund to avail the dual benefit of long-term capital appreciation and tax relief under Section 80C at the same time.
Investment Objective
ICICI Prudential Long Term Equity Fund is an open-ended equity scheme that invests mainly in equity and equity-related instruments. An open-ended scheme is a scheme that provides the investor an opportunity to invest or redeem at any time. One doesn’t have to buy from an existing shareholder; he/she can purchase the units directly from the fund itself.
Who Should Invest?
- Investors who are looking for a long-term capital appreciation.
- People who want to invest in a tax-saving scheme.
- Those investors who are ready for a lock-in period of three years.
Why Should You Invest In ICICI Prudential Long Term Equity Fund?
- This scheme helps an investor earn long-term capital appreciation through investment in equity and equity related instruments.
- It provides a tax relief under Section 80C of the Income Tax Act, 1961.
- This fund is managed by a highly experienced fund manager.
- It provides both lump sum and SIP mode of investment in mutual fund.
- There is no entry or exit load that an investor is liable to pay.
Fund Manager
George Heber Joseph has been managing this fund since April 2015. He has done B.Com. and B.A. in English language and literature. He is an associate member of ICAI and ICWAI.
Other Important Details
The Net Asset Value of ICICI Pru Long Term Equity Fund was Rs. 345.96 as on June 05, 2018 and its AUM was recorded as Rs. 5,299 crore as on April 30th, 2018. The minimum amount required to start investment in this scheme is Rs. 500, both in lump sum and SIP mode of investment.
ICICI Prudential Long Term Equity Fund has currently invested 98.68% in equity and the remaining in debt and other instruments. It has invested in giant-cap, large-cap, mid-cap, and small cap equities in the ratio 46.87%, 23.39%, 28.20%, and 1.54%, respectively.
Its benchmark is NIFTY 500 TRI. The top three sectors in which it has invested majorly are Financial, Healthcare, and FMCG. In comparison to its benchmark, ICICI Pru Long Term Equity Fund has invested more in Healthcare and FMCG sectors but less in the Financial sector.
NTPC (Energy), State Bank of India (Financial) and Thomas Cook, India (Services) are the top three companies in whose stocks, it has made the maximum investment with 4.94%, 4.62%, and 4.14%, allocation, respectively.
So, what are you waiting for? Log on to www.mysiponline.com. and invest in a hassle-free way in ICICI Prudential Long Term Equity Fund to avail the dual benefit of long-term capital appreciation and tax relief under Section 80C at the same time.
No comments:
Post a Comment