ICICI Prudential Tax Plans: Average Risk and Above Average Earnings
ICICI prudential tax plan is in the fourth position in the top ten Tax savings Funds. The risk grade of this plan is average and the return grade is in above average. When we look the past three year’s earnings we can see the growth of an average 6.42%.
Equity liquid savings schemes got a loss of 0.34% at this period. In the last year, ICICI prudential tax plans achieved growth of 23.99%. In the last year itself equity saving schemes achieved a profit of 17.17%. From the beginning to last five year, ICICI prudential tax plans got an average 26.76% profit. In 2009 itself they achieved profit of 112%. But at that time equity liquid saving schemes are achieved only 81.79% of earnings. The top ten policies which are included in this fund are Infosys, Bharati Airtel, Cadila Health Care, Reliance Industries, ICICI Bank, Corporation Bank, ONGC, BELL, Mahindra and Mahindra, and Sterlet Technologies. They had given top weightage to financial sectors, i.e. 18.31%. And they invested in energy sector also.
