Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
ICICI Prudential Long Term Wealth Enhancement Fund
|
Very High
|
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1.38 |
|||
Very High
|
Please wait... |
1.46 |
₹43 Cr
--
500
--
--
--
Investment Strategy
The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
Suitability
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
ICICI Prudential Long Term Wealth Enhancement Fund is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Long Term Wealth Enhancement Fund fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of ICICI Prudential Long Term Wealth Enhancement Fund is ₹28.0000 as of 15-Aug-2024.
The AUM of ICICI Prudential Long Term Wealth Enhancement Fund Fund is ₹43 Cr as of 31-Jul-2024
The riskometer level of ICICI Prudential Long Term Wealth Enhancement Fund is Very High. See More
Company | Percentage of Portfolio |
---|---|
9.81
|
|
9.26
|
|
7.17
|
|
7.00
|
|
5.88
|
As of 31-Jul-2024, ICICI Prudential Long Term Wealth Enhancement Fund had invested 96.49% in Equity and 3.51% in Cash & Cash Eq. See More
ICICI Prudential Long Term Wealth Enhancement Fund is 6 years 4 months old. It has delivered 17.45% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
44.63%
|
24.31%
|
22.69%
|
--
|
--
|
17.45%
|
Yes, There is lock in period in ICICI Prudential Long Term Wealth Enhancement Fund.
The expense ratio of ICICI Prudential Long Term Wealth Enhancement Fund is 1.38.