ICICI Prudential Long Term Equity Fund - Growth

382.25

( NAV change from the previous, NAV as on 11/11/2019 )

Launch Date

1999-08-19 00:00:00.0

AUM

NA
(as on date NA)

Benchmark

NIFTY 500 TRI

Fund Manager

Mr. Sankaran Nareen and Mr. Harish Bihani

Risk: Moderately High

ICICI Prudential Long Term Equity Fund Overview

ICICI Prudential Long Term Equity Fund is an open ended equity scheme. This ICICI Prudential Long Term Equity Fund is a tax saving scheme which comes with a lock-in period of 3 years. ICICI Prudential Long Term Equity Fund primarily invests in equity and equity related instruments and invests a small portion of its portfolio in money market and debt instruments. This scheme provides benefit of tax under Section 80C of 1961 which can be up to rs. 1.5lacs. The investment objective of this ICICI Prudential Long Term Equity Fund is to generate long-term wealth creation. In this fund you can invest in both ICICI Prudential Long Term Equity Fund (tax saving)- growth and ICICI Prudential Long Term Equity Fund dividend. ICICI Prudential Long Term Equity Fund NAV changes so you should check it every month. ICICI Prudential Long Term Equity Fund (tax saving) will help you to save your tax so this fund is also known as ICICI Prudential Long Term Equity Fund ELSS. You can go for ICICI Prudential Long Term Equity Fund invest online and can start your investment today.

ICICI Prudential Long Term Equity Fund Eligibility Criteria

  • Individual should be an Indian Citizen
  • Minor through parent/lawful guardian
  • Foreign Institutional Investors
  • Financial Institutions and Investment Institutions
  • Non-resident Indians/Persons of Indian origin residing abroad
  • Association of Persons
  • Partner(s) of Partnership Firms.
  • Societies
  • Karta of Hindu Undivided Family
  • Companies
  • Trusts

Documents Required For ICICI Prudential Long Term Equity Fund

Along with the KYC application of the applicant, following are the essential documents for investing in ICICI Prudential Long Term Equity Fund-

  • PAN Card
  • ID Proof- AADHAR Card, Voter ID Card.
  • Residential Proof
  • Passport size Photographs
  • Duly filled application form
  • KYC Acknowledgement
  • Declaration of 3rd party (for minors)

Advantages of ICICI Prudential Long Term Equity Fund

  • Transparency

    Investors are given the clear picture of where their money is being invested. Transparency in the whole mutual fund investment process is maintained.

  • Professional Management of Funds

    Professional Money Managers decides ICICI Prudential Long Term Equity Fund Investments after market research and economic trends.

  • Liquidity

    Investment in this Mutual Fund ensure liquidity. Investors can redeem on demand depending on the markets.

  • Risk Diversified

    This investment has low risk level.

  • Tax Benefit

    Dividends from Mutual Fund are tax-free. Capital Gain from ICICI Prudential Long Term Equity Fund is considered as long-term capital appreciation and is tax-free.

  • Unlimited investment option

    ICICI Prudential Long Term Equity Fund provide its customers with different investment option depending on their investment objective.

  • Govt. regulated investment

    We all know that this fund is under the regulation of Securities and Exchange Board of India (SEBI). So, there is no chance of forgery.

  • Small investment option

    With the help of this scheme, you can invest a huge amount as well as small amount as per your capability.

  • Easy Tracking

    You can keep an easy access to your investment process and its whereabouts. You can check the NAV details and the price of the market stock in no time.

  • Fund switched facility

    You can anytime switch your investment from one fund to other fund as per your wish.

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