Investment Objective and Approach

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. An open ended equity linked saving scheme. Objective is to generate long term capital apprecition.

The fund follows a diversified equity investment approach with the primary goal of creating wealth over the long term while providing tax benefits under Section 80C. The fund maintains a predominantly equity-focused portfolio strategy with minimal debt allocation for stability and liquidity management.

Key investment features include:

- Lock-in Period: The ICICI Pru ELSS Tax Saver Fund has a lock-in period of 3 years

- Tax Benefits: Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961

- Minimum Investment: Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500

Fund Managers

The fund is jointly managed by two experienced professionals:

Mittul Kalawadia - Senior Fund Manager since September 2023

Mittul Kalawadia is a Chartered Accountant. He started his career with ICICI Prudential Mutual Fund and worked in various roles including Equity Research Analyst, Co Fund Manager and Fund Manager. Currently, he is the Senior Fund Manager. Mr. Mittul Kalawadia is associated with ICICI Prudential AMC from January 2006 till date. He has overall 5 years of experience.

Sharmila D'mello - Fund Manager since July 2022

She joined ICICI Prudential AMC Limited in September 2016. Ms. Sharmila D`mello would be the dedicated Fund Manager for managing overseas investments, if any, of the aforesaid schemes of the Fund.

About the Fund House (AMC)

ICICI Prudential Asset Management Company Ltd. is the leading AMC in the leading AMC in the country. The AMC is joint venture between ICICI Bank and Prudential Plc, one of the UK's largest players in the financial services sectors.

ICICI Prudential Mutual Fund was started as a joint venture between ICICI Bank and Prudential Plc of the United Kingdom (UK) in 1993. Prudential Plc is one of the largest companies in the financial services space in the UK. ICICI Prudential Mutual Fund commenced operations after registering with SEBI, Securities and Exchange Board of India which is the capital market regulator in India.

Key AMC highlights:

- Total AUM: AUM ₹983,726.26 Cr

- Number of Schemes: No. of Schemes 331

- Established: 1993 as a joint venture

- Regulatory Compliance: Registered with SEBI

The fund house has built a strong reputation in the Indian mutual fund industry with a diverse portfolio of investment solutions across equity, debt, and hybrid categories.

Should I Invest in ICICI Prudential ELSS Tax Saver Fund?

Fund Performance Metrics (as of August 2025):

- AUM: ₹14403.12 Cr as of 26th August 2025

- Expense Ratio: 1.09 as of 26th August 2025

- 5-Year CAGR Returns: 21.55% and 20.73% as of 19-Aug-2025

- Since Inception Returns: 16.02% since inception

Investment Considerations:

Positive Aspects:

- Strong long-term performance track record with consistent returns

- Experienced fund management team with deep market expertise

- Large AUM size indicating investor confidence

- Competitive expense ratio for an actively managed equity fund

- Dual benefit of wealth creation and tax savings

Risk Factors:

- The ICICI Prudential ELSS Tax Saver Direct Plan Growth is rated Very High risk

- Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

- Market volatility can impact short-term performance

Suitability:

This fund is suitable for investors seeking long-term capital appreciation with tax benefits, who can stay invested for at least 5-7 years and have a moderate to high risk tolerance.

FAQs

What is today's NAV of ICICI Prudential ELSS Tax Saver Fund?

The NAV varies daily based on market conditions. You can check the latest NAV on Allvest's platform or the fund's official website for real-time updates.

What is the AUM of ICICI Prudential ELSS Tax Saver Fund?

The AUM is ₹14,403.12 Cr as of 26th August 2025, making it one of the larger ELSS funds in the market.

What is the expense ratio of ICICI Prudential ELSS Tax Saver Fund?

The expense ratio is 1.09% as of 26th August 2025, which is competitive for an actively managed equity fund.

What are the returns of ICICI Prudential ELSS Tax Saver Fund since inception?

The fund has delivered 16.02% CAGR returns since inception, demonstrating consistent long-term wealth creation.

What is the minimum SIP amount to invest in ICICI Prudential ELSS Tax Saver Fund?

Minimum SIP Investment is set to ₹500, making it accessible for small investors to start their tax-saving journey.

How do I invest in ICICI Prudential ELSS Tax Saver Fund?

You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing SIP or lumpsum, and setting up payment methods for seamless investing.

How to start a SIP in ICICI Prudential ELSS Tax Saver Fund?

Visit Allvest's website or app, search for the fund, select SIP option, choose your monthly amount (minimum ₹500), set the date and duration, then complete the investment process.

How do I automate an SIP in ICICI Prudential ELSS Tax Saver Fund?

Set up auto-debit through Allvest by providing bank mandate or UPI autopay authorization. This ensures your SIP continues automatically without manual intervention each month.

How can I withdraw/redeem my investment in ICICI Prudential ELSS Tax Saver Fund?

Redemption is possible only after the mandatory 3-year lock-in period through Allvest's platform. Post lock-in, you can redeem partially or fully based on your financial needs.