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Yogi Zone

Useful articles for your finance management by our team of experts

Mutual Fund Review – ICICI Pru Tax Plan

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Fund Name: ICICI Pru tax plan (G)

Ranked #2 by CRISIL

Category: ELSS

Expense Ratio: 2.40%

Risk Level: Average

Benchmark: CNX 500

Objective:

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. Accordingly, the NAV of the Scheme is linked to performance of such companies.

Returns (Annualized)

1-Year3-Year5-Year
7.49%7.37%25.78%

Our Review

ICICI pru tax plan (G) fund has made its inception in the year 1999. Since inception, it has produced annualized returns of 21.51%. It has managed to beat the benchmark index as well as category average consistently in the 1, 3, 5 and 10 year returns.

Top 5 holdings of the fund include NMDC, ICICI bank, Infosys, HDFC Bank and Reliance Industries. The fund invests about 61% of assets into large caps, 24% in mid caps and the rest in small caps.

The fund has delivered excellent and consistent returns in the long run. Stock picking has been the key for success for this fund. It also holds the flexibility to invest across various market capitalizations. The fact that it also provides tax benefit is an advantage to this fund.

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