ICICI Pru ELSS Tax Saver Fund(IDCW)
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Business Overview
ICICI Pru ELSS Tax Saver Fund is a tax-saving mutual fund that allows investors to grow their wealth while enjoying tax benefits under Section 80C of the Income Tax Act. Ideal for individuals looking to save taxes and build a long-term investment portfolio, this fund invests primarily in equity and equity-related instruments. With a strong track record and professional management, it aims to deliver capital appreciation over time, making it a smart choice for tax-conscious investors.
- Tax benefits under Section 80C
- Focus on long-term capital growth
- Managed by experienced professionals
- Diversified equity exposure
- Suitable for tax-saving and wealth creation
Investment Thesis
ICICI Pru ELSS Tax Saver Fund stands out due to its strong promoter backing, robust growth in digital services, and attractive valuation compared to peers. This fund is well-positioned to capitalize on India's growing investment landscape, making it a compelling choice for retail investors seeking tax-saving opportunities.
- Strong credibility backed by the ICICI Group, a trusted name in financial services.
- Significant growth in digital services enhances customer reach and engagement.
- Attractive valuations compared to peers provide a favorable entry point.
- Focus on long-term wealth creation through disciplined investment strategies.
- Tax-saving benefits under Section 80C make it an ideal choice for investors.
Opportunity vs Risk
- Tax benefits on investment
- Potential for long-term capital growth
- Diversified equity exposure
- Systematic Investment Plan (SIP) option
- Strong historical performance
- Market volatility impacts returns
- Lock-in period of 3 years
- Performance linked to equity market
- Economic downturn risks
- Management fees may reduce gains
Peer Perspective
ICICI Pru ELSS Tax Saver Fund is currently trading at a slight premium compared to peers like Axis Long Term Equity Fund and HDFC Tax Saver Fund. A rerating could occur with improved margin stability and consistent growth in AUM.
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10BusinessHighThe sector is evolving with a focus on digital transformation, but competition is intense.
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10GrowthHighRevenue and profit growth have shown consistency over the past few years.
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10ProfitabilityHighROE and ROCE are healthy, but OCF shows some volatility.
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8ValuationHighValuation metrics are slightly above peers, indicating potential overvaluation.
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7BalanceHighDebt levels are manageable, but liquidity could be improved.
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9GovernanceHighPromoter holding is strong with minimal pledging, but disclosures could be more transparent.
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6DriversGoodGrowth drivers are present, but execution risks remain a concern.
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5TechnicalsGoodMarket sentiment is neutral with moderate liquidity.