ICICI Prudential Long Term Wealth Enhancement Fund Growth

• Alpha -3.40%
• Beta 1.08
• Sharpe Ratio1.50
• Std Deviation 11.66%
• Tracking Error 8.41%

The Scheme is a ten year close ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with 1ome tax benefit. However, there can be no assurance that the investment objective of the Scheme will be realized.

The ICICI Prudential Long Term Wealth Enhancement Fund Growth has an AUM of 43.93 crores & has delivered CAGR of 22.89% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 1.39%. The minimum investment in ICICI Prudential Long Term Wealth Enhancement Fund Growth is Rs 500 and the minimum SIP is Rs 0.

As per morningstar the risk & return rating of the fund are Moderate & Exceptional respectively.

The top holdings of the fund include TVS Motor Co, ICICI Bank, HDFC Bank & Maruti Suzuki India.

The major sectors where the fund is invested are Regional Banks, Recreational Products, Biotechnology & Drugs & Software & Programming.

Some of the similar funds are Sundaram Long Term Tax Advantage Fund Series III Regular Growth, Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular Growth, SBI Long Term Advantage Fund Series II Regular Growth, ICICI Prudential Long Term Wealth Enhancement Fund Growth, Groww ELSS Tax Saver Growth. ICICI Prudential Long Term Wealth Enhancement Fund Growth has a sharpe ratio of 1.50 & a standard deviation of 11.66%.