EquityELSSDirectGrowthVery High

ICICI Prudential Long Term Wealth Enhancement Fund

Q: What is the NAV of ICICI Prudential Long Term Wealth Enhancement Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Long Term Wealth Enhancement Fund is ₹28.76 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Long Term Wealth Enhancement Fund delivered?

ICICI Prudential Long Term Wealth Enhancement Fund has returned -6.53% over 1 year, +11.40% per year over 3 years, +12.43% per year over 5 years and +13.02% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund charges an expense ratio of 0.81% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund's largest holdings are TVS Motor Company Ltd. (9.7%), Maruti Suzuki India Ltd. (8.3%), ICICI Bank Ltd. (7.9%), HDFC Bank Ltd. (6.7%) and The Ethos Ltd. (6.0%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.1% and its worst peak-to-trough fall in our sample was -39.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.37 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Long Term Wealth Enhancement Fund's 0.37 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is managed by Rajat Chandak and Priyanka Khandelwal at ICICI Prudential.

Q: How is ICICI Prudential Long Term Wealth Enhancement Fund taxed?

ICICI Prudential Long Term Wealth Enhancement Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹28.76

-0.86% 1D

as of 01 Oct 2026

This is the Direct plan of ICICI Prudential Long Term Wealth Enhancement Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-5.91%CAGR

52-week rangePrev NAV ₹29.01

Latest ₹28.76

Low ₹26.9935th percentile of its 52-week rangeHigh ₹32.11

Scorecard

★★★★★5/5 vs 49 ELSS peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within ELSS (same plan and option).

PerformanceStrong

3Y CAGR +11.40% · ranks 17 of 49 ELSS funds

RiskLow

Volatility 13.1% vs 14.8% category avg

CostLow

0.8% expense vs 1.1% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

3-year return (+11.40%) beats the ELSS average (+10.58%)
5-year return (+12.43%) beats the ELSS average (+10.98%)
Stronger risk-adjusted returns — Sharpe 0.37 vs 0.27 ELSS average
Less volatile than its ELSS peers (13.1% vs 14.8%)
Low expense ratio (0.81%) vs the ELSS average of 1.14%

Concerns

Trails the ELSS average on 1M/3M/6M/1Y — 1Y by 5.48pp
Ranks #41 of 50 on 1-year return in its ELSS cohort

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.81%

Category 1.14%▼0.33%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

25.56

Category 24.15▲1.41

Excess return per unit of total volatility (rf = 6.5%)

0.37

Category 0.27▲0.10

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Nil. Subject to the Regulations, the Trustee reserves the right to modify/alter the load structure with prospective effect subject to maximum exit load prescribed under the Regulations.

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Jul 2018

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-6.90%

Absolute return over the last 3 months (not annualized)

-4.45%

Absolute return over the last 6 months (not annualized)

+4.20%

Absolute return since 1 Jan of this year (not annualized)

-9.27%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-6.53%

3-year annualized return (CAGR)

+11.40%

5-year annualized return (CAGR)

+12.43%

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.02%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.11%

Excess return per unit of total volatility (rf = 6.5%)

0.37

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.53

Largest peak-to-trough decline over full history

-39.54%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

2.21%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.89

How much of the fund's movement Nifty 500 TRI explains

87.0%

Excess return per unit of beta (market risk)

5.89

Active return over the benchmark per unit of tracking error

0.36

Annualized std dev of fund-minus-benchmark returns

5.70%

Fund's share of benchmark gains in up months (100 = matches index)

105.3%

Fund's share of benchmark losses in down months (lower is better)

96.9%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-6.90%	-5.25%	-1.65%
3M abs	-4.45%	-3.42%	-1.03%
6M abs	+4.20%	+8.71%	-4.51%
1Y CAGR	-6.53%	-1.05%	-5.48%
3Y CAGR	+11.40%	+10.58%	+0.82%
5Y CAGR	+12.43%	+10.98%	+1.45%

Category average across peers in ELSS (up to 49 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 49 peers in ELSS

1Y return

-6.53%

Beats 18.4% · rank #41

3Y return

+11.40%

Beats 66.7% · rank #17

5Y return

+12.43%

Beats 70.7% · rank #13

Sharpe

0.37

Beats 75% · rank #13

Sortino

0.53

Beats 77.1% · rank #12

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.60L

Absolute

+26.67%

XIRR

+9.69%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Long Term Wealth Enhancement Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-9.27%	-7.18%	-2.09%
2025	+8.23%	+7.94%	+0.29%
2024	+27.24%	+16.43%	+10.81%
2023	+24.97%	+27.43%	-2.46%
2022	+15.20%	+4.34%	+10.86%
2021	+26.50%	+31.59%	-5.09%
2020	+7.21%	+18.33%	-11.12%
2019	+12.93%	+8.95%	+3.98%
2018part	-0.38%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

2,031

Expense ratio

0.81%

AUM

₹6.76Cr

Portfolio turnover

13%

Exit load

Nil. Subject to the Regulations, the Trustee reserves the right to modify/alter the load structure with prospective effect subject to maximum exit load prescribed under the Regulations.

P/E ratio

25.6

P/B ratio

5.7

Avg market cap

₹4,71,034Cr

P/E & P/B are portfolio-weighted harmonic means across 23 of 25 equity holdings (94% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


ICICI Prudential Long Term Wealth Enhancement FundThis fund ICICI Prudential · Direct · Growth	★★★★★	-6.53%	+11.40%	+12.43%	25.56	0.81%	₹6.76Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Direct · Growth	★★★☆☆	+7.05%	+19.92%	+16.59%	37.87	0.96%	₹4,627Cr
SBI Long Term Advantage Fund - Series V SBI · Direct · Growth	★★★★★	-0.59%	+19.29%	+14.54%	25.36	1.28%	₹345.73Cr
ITI ELSS Tax Saver Fund ITI · Direct · Growth	★★★★☆	+1.97%	+15.42%	+12.17%	21.57	0.93%	₹427.06Cr
JM ELSS - Tax Saver Fund JM Financial · Direct · Growth	★★★☆☆	+5.27%	+15.23%	+13.25%	29.08	1.34%	₹220.95Cr
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · Direct · Growth	★★★★★	+1.44%	+14.95%	—	23.13	0.86%	₹453.00Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap81.4%
Mid cap1.8%
Small cap16.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.01%
Cash & Equivalents3.99%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Flexi Cap fund ICICI Prudential · Flexi Cap Fund	59.1%!	★★★★★	0.88%	+14.67%
ICICI Prudential ESG Exclusionary Strategy Fund ICICI Prudential · Sectoral/ Thematic	54.5%	★★★☆☆	1.29%	+10.47%
ICICI Prudential Balanced Advantage Fund ICICI Prudential · Dynamic Asset Allocation or Balanced Advantage	54.3% of 70% equity	★★★★★	1.03%	+10.11%
ICICI Prudential ELSS - Tax Saver Fund ICICI Prudential · ELSS	52.1%	★★★☆☆	1.21%	+9.86%
Mahindra Manulife Large Cap Fund Mahindra Manulife · Large Cap Fund	49.9%	★★★★☆	1.09%	+7.12%
Franklin India Focused Equity Fund Franklin Templeton · Focused Fund	49.8%	★★★☆☆	1.16%	+5.95%
Nippon India ETF BSE Sensex Nippon India · Other ETFs	48.4%	—	0.04%	+4.13%
ICICI Prudential BSE Sensex Index Fund ICICI Prudential · Index Funds	48.4%	★★★☆☆	0.22%	+3.94%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.62% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Rubicon Research LimitedLong-term · Stage I0.62%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-39.5%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 04 Dec 2020 — 8 months under water after the low.
-18.9%27 Sep 2024 → 04 Mar 2025
Fell over 5 months, back to the old high on 27 Oct 2025 — 8 months under water after the low.
-15.9%26 Nov 2025 → 30 Mar 2026
Still below that high — 4 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹6.76Cr

April - June 2026

-4%

since January - March 2026

+₹17.33L

est. net flow, last quarter

At or near its largest, ₹7.07Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

RCRajat ChandakManaging since 22 Dec 2017

Role

Senior Fund Manager – MF Equity

Education

B.Com, PGDM (Finance)

Experience

Mr. Rajat Chandak has over 17 years of experience in fund management research analysis. He is associated with ICICI Prudential Asset Management Company Limited from May 2008 till date.

Funds managed (3)

All schemes Rajat Chandak runs →

PKPriyanka KhandelwalManaging since 22 Dec 2017

Role

Fund Manager – MF Equity

Education

Asset Chartered Accountant, Company Secretary, and B.Com

Experience

She joined ICICI Prudential Asset Management Company Limited October 2014 and has over 10 years of experience. Past Experience: ~ ICICI Prudential Asset Management Company Limited - Deputy Manager- Finance - October 2014 to January 2016.

Funds managed (12)

All schemes Priyanka Khandelwal runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Rajat Chandak Priyanka Khandelwal

Top holdings

TVS Motor Company Ltd.Maruti Suzuki India Ltd.ICICI Bank Ltd.HDFC Bank Ltd.The Ethos Ltd.Eternal Ltd.Avenue Supermarts Ltd.Reliance Industries Ltd.Bharti Airtel Ltd.RR Kabel Ltd.Red Tape Ltd Infosys Ltd.

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of ICICI Prudential Long Term Wealth Enhancement Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Long Term Wealth Enhancement Fund is ₹28.76 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Long Term Wealth Enhancement Fund delivered?

ICICI Prudential Long Term Wealth Enhancement Fund has returned -6.53% over 1 year, +11.40% per year over 3 years, +12.43% per year over 5 years and +13.02% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund charges an expense ratio of 0.81% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund's largest holdings are TVS Motor Company Ltd. (9.7%), Maruti Suzuki India Ltd. (8.3%), ICICI Bank Ltd. (7.9%), HDFC Bank Ltd. (6.7%) and The Ethos Ltd. (6.0%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.1% and its worst peak-to-trough fall in our sample was -39.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.37 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Long Term Wealth Enhancement Fund's 0.37 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Long Term Wealth Enhancement Fund?

ICICI Prudential Long Term Wealth Enhancement Fund is managed by Rajat Chandak and Priyanka Khandelwal at ICICI Prudential.

How is ICICI Prudential Long Term Wealth Enhancement Fund taxed?

ICICI Prudential Long Term Wealth Enhancement Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.