Icici Prudential Elss Tax Saver Fund

Review Date: 25-03-2025

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, ICICI Prudential ELSS Tax Saver Fund is the 10th ranked fund. The category has total 34 funds. The 4 star rating shows a very good past performance of the ICICI Prudential ELSS Tax Saver Fund in ELSS (Tax Saving) Fund category. The fund has a Jensen Alpha of 1.28% which is lower than the category average of 1.47%, showing poor performance. The fund has a Sharpe Ratio of 0.41 which is lower than the category average of 0.45.
The past performance of the ICICI Prudential ELSS Tax Saver Fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

ICICI Prudential ELSS Tax Saver Fund Return Analysis

The fund has given a return of 5.45%, -0.99 and -10.56 in last one, three and six months respectively. In the same period the category average return was 4.8%, -5.92% and -11.54% respectively. The fund has given a return of 11.48% in last one year, 15.1% in last three years, 28.72% in last five years and 13.35% in last ten years. In the same period the category average return was 10.15%, 16.5%, 28.92% and 13.87% respectively. The fund has Good performance in last ten years in ELSS (Tax Saving) Fund.

The fund has given a SIP return of 1.76% in last one year. In the same period the category average SIP return was -3.31%. The fund has SIP return of 16.79% in last three years whereas category average SIP return is 17.05%. The category average SIP return is 19.15% and the fund has given a SIP return of 18.71% in last five years.

The benchmark Nifty 500 Total Return Index has given a return of 8.25%, 14.66% and 28.77% in last one, three and five years respectively.

ICICI Prudential ELSS Tax Saver Fund Risk Analysis

The fund has a standard deviation of 13.31 and semi deviation of 9.34. The category average standard deviation is 14.2 and semi deviation is 10.17. The fund has a Value at Risk (VaR) of -17.68 and a maximum drawdown of -16.33. The category average VaR is -18.56 and the maximum drawdown is -17.46. The fund has a beta of 0.88 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.