|Type||Open-ended Equity Linked Savings Scheme|
|Plans||Regular & Direct|
|Options||Growth & Dividend|
|Default Option||Divident Reinvestment|
|Application Amount||₹500/- (plus in multiple of ₹1/-)|
|Minimum Additional Investment||₹500/- & in multiples thereof|
|Entry Load||Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.|
|Redemption cheques issued||-|
|Minimum Redemption Amount||₹1000/- (plus in multiples of ₹1/-)|
|Systematic Investment Plan||Monthly: Minimum of ₹500/- or multiples thereof and 5 post-dated cheques for a minimum of ₹500/- for a block of 5 months in advance
Quarterly: Minimum ₹5000/- + 3 post dated cheques of ₹5000/- each
|Systematic Withdrawal Plan||No|
Equity Linked Saving Scheme (ELSS)
Invest in Equity Linked Saving Scheme (ELSS) to avail tax benefit under Sec 80C.
ICICI Prudential Long Term Equity Fund (Tax saving) is an open-ended, diversified equity Mutual Fund scheme with the following benefits:
Lock in period of 3 years.
Option to invest through Systematic Investment Plan (SIP).
The income on the redemption of ELSS units is treated as long-term capital gain , and is not subject to taxation.
ELSS is suitable for investors who want:
An opportunity to earn competitive returns and potential to earn tax-free dividend.
To invest for a shorter tenure of 3 years as compared to other investment options that qualify for Sec 80C
This fund has a lock-in period of 3 years, which gives the fund manager the flexibility to make strategic, long-term investments in a diversified portfolio.
It comprises of a mix of large and medium sized stock, carefully chosen after intensive fundamental analysis and research, having potential of long-term capital appreciation and growth.
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