Fundalysisby DARKHORSESTOCKS

Scheme

ICICI Prudential ELSS Tax Saver Fund

Holds 85 companies worth ₹12,958 Cr in Sept 2026.

  • Fund house

    ICICIThe fund house that runs this scheme.

  • AUM

    ₹13,498 CrICICI Prudential ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 5.5% on Aug 2026, ₹14,286 Cr.

  • Largest holding

    ICICI BankICICI Bank is 7.9% of this scheme's NAV.

  • Fund manager

    Mittul KalawadiaRuns it since 1 Nov 2018, as the fund house dates it. With Priyanka Khandelwal (fund manager), Sharmila D'silva (overseas).

Overview(31 Aug 2026)

Fund managers3

  1. Mittul KalawadiaFund manager · Nov 2018 · 19y · M.Com B.Com
  2. Priyanka KhandelwalFund manager · Mar 2026 · 10y · CS B.Com
  3. Sharmila D'silvaOverseas · Aug 2026
  1. Sharmila D'melloMar 2026 – Aug 2026

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 1.46% · Direct 0.96%
Exit load
Nil
Started
19 Aug 1999
Minimum
₹500

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(4 changes)

Aug 2026

4 changes
  1. Sharmila D'silva joined
    31 Augfor overseas investments
  2. Sharmila D'mello left
    31 Augran it for overseas investments from Mar 2026
  3. Expense ratio
    31 AugRegular 1.72% → 1.46%Direct 1.09% → 0.96%
  4. Renamed
    31 AugICICI Prudential ELSS Tax Saver Fund → ICICI Prudential ELSS - Tax Saver Fund

Source.Its filings at NSE, since Mar 2026.

Fund managers over time(Nov 2018 – now)

  1. Mittul Kalawadia
  2. Priyanka Khandelwal
  3. Sharmila D'silva
  4. Sharmila D'mello
MainCoSlice20192020202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Mar 2026 – Aug 2026)

Every change to the expense ratio, newest first.
2 changesRegularDirectΔ pt
31 Aug 20261.46%0.96%0.13
5 Mar 20261.72%1.09%–
Direct plan, 31 Aug 2026
0.96%
Regular plan 1.46% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

Objective

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Open Ended
Benchmark
Nifty 500 TRI
Benchmark 2
Nifty 50 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity related securities
    Allowed90–100%Holds96.0%
  2. Money market instrument, other liquid instruments^, Units of Overnight funds, Liquid funds and Money Market funds
    Allowed0–10%

Holds in Sept 2026.96.0% equity · 4.0% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹500, then in multiples of ₹500
To add
₹500, then in multiples of ₹500
SIP how often
Daily,Weekly,Fortnightly,Monthly,Quarterly
SIP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Fortnightly = 1st and 16th day of each month as applicable Monthly = Any day* Quarterly = Any day* *In case the date chosen for SIP falls on a Non-Business Day or on a date which is not available in a particular month, the SIP will beprocessed on the immediate next Business Day.
SIP minimum
Daily,Weekly,Fortnightly,Monthly = Rs. 500 Quarterly = Rs. 500, then re. 500/-
SIP instalments
Daily,Weekly,Fortnightly,Monthly = 6 Quarterly = 4

Selling and switching

To redeem
Any amount
Switch minimum
₹500
Switch multiples
Any amount
STP how often
Daily,Weekly,Monthly,Quarterly
STP dates
Daily = Daily (only business days) Weekly = Anyday (Monday to Friday)* Monthly = Any day* Quarterly = Any day* *In case the date chosen for STP falls on a non-business day or on a day which is not available in a particular month, the STP will be processed on the immediate next business day.
STP minimum
Monthly, Weekly, Quarterly = Rs. 1,000 Daily = Rs. 500, then in multiples of ₹500
STP instalments
Daily,Weekly,Monthly = 6 Quarterly = 4
SWP how often
Monthly,Quarterly, Half Yearly,Annual
SWP dates
Monthly = Any day* Quarterly= Any day* Half Yearly = Any day* Annual = Any day* *In case none of the frequencies has been selected then Monthly frequency shall be considered as the Default frequency and where no withdrawal date is selected, 1st business day of the month shall be considered as the default SWP date.
SWP minimum
Any amount, then re. 1
SWP instalments
Monthly,Quarterly, Half Yearly,Annual = 2

Scheme details(31 Aug 2026)

What it is

Category
Equity - ELSS
Offer
19 Aug 1999
Started
19 Aug 1999
Reopened
23 Aug 1999
Plans
ICICI Prudential ELSS - Tax Saver Fund - Direct Plan - Growth · ICICI Prudential ELSS - Tax Saver Fund - Direct Plan - IDCW · ICICI Prudential ELSS - Tax Saver Fund - Growth · ICICI Prudential ELSS - Tax Saver Fund - IDCW
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Citibank N.A.,HDFC Bank Limited, HSBC and SBI-SG Global Securities Services Private Limited
Auditor
BSR & Co. LLP
Registrar
Computer Age Management Services Limited
SEBI code
ICIC/O/E/ELS/99/07/0011