ICICI Prudential Long Term Equity Fund Online

 

Invet ICICI Prudential Long Term Equity Fund (Tax Saving) Online

 The scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call).

 

A fund which has outpaced its benchmark over not one but three different market cycles, it has beaten its benchmark in 13 of the last 15 years. A rare fund in the ELSS category that focuses on the value style of investing, it has managed a four- or five-star rating pretty consistently since 2011, climbing from three stars in the earlier years. The fund is valuation-focused and the portfolio is constructed around stocks across sectors and market-capitalisation ranges, based on cheaper valuation and reasonable growth expectations. Expensive stocks which cannot be explained by valuation tools are avoided. A market-cap-agnostic fund, it has nevertheless allocated 55-65 per cent of its portfolio to large caps, 20-30 per cent to mid caps and 10-15 per cent to small caps in recent years. It does take some cash calls, with about 8 per cent of the assets in debt/cash as of end November 2015.

The fund's valuation-based calls have resulted in muted one-year returns, which are lower than that of the category. But the longer-term record over three, five and ten years provides comfort on investments. This fund's investment strategy typically delivers outsized returns in the beginning stages of a bull market and trails when markets are overheated. It also works well in containing losses during any market phase where bears are in control.

It's a good fund to own if you believe in avoiding the crowd and owning stocks that offer a bargain.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

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4. ICICI Prudential Long Term Equity Fund

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6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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