ICICI Prudential Tax Plan seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash.
Quick Facts about the ICICI Prudential Tax Plan:
- Category: ELSS
- Suitable for: Long term investments ( > 5 years )
- When can you withdraw your money: 3 years lock-in
- Recommended for investment by StartaSIP.com: Yes
If you had invested Rs 5000 per month over the last 5 years in this fund, you would have about Rs 5.2 lakhs today.
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