ReviewPlan n/a · Option n/aPrefer peers first
ICICI Prudential R.I.G.H.T (Rewards of Investing & Generation of Healthy Tax-Savings) Fund
ICICI Prudential Mutual FundClose Ended Schemes(ELSS17.1 years
- NAV
- 39.09
- 26 Sept 2019
- 1Y
- -7.0%
- Trailing CAGR
- AUM
- ₹29.72 Cr
- 30 Sept 2019
- Volatility
- Medium
- 13.4% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 Sept 2019
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer BANK OF INDIA MID CAP TAX FUND SERIES 1 if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
17.1 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
n/a
TER not on file yet.
Drawdown vs peers
Pass
Peak-to-trough -23.3%. Ask whether you can hold through a similar fall.
Vs category
Pass
95% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
n/a
Holdings weights not on file for this scheme yet.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 23%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-7.0%
- 3Y+6.4%
- 5Y+8.7%
- 10Yn/a
- SI+14.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-8.9%
- 3Y+0.5%
- 5Y+5.3%
- 10Yn/a
- Since inception
- +14.7%
- Calendar-day CAGR
- Excess 1Y
- -9.2%
- Category median, same plan and option
- 3Y win rate
- +95%
- Windows beating the median
- 3Y percentile
- 7
- Vs comparable share classes
- SIP 3Y XIRR
- +0.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.7%
- 1711 daily-ending windows
- Median rolling 3Y
- +16.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1220 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -23.3%
- Worst peak-to-trough
- Current
- -14.3%
- Below last peak
- Current spell
- 394 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 116 recovered episodes
- Longest recovery
- 190 days
- Trough to prior peak
5 Aug 2015 – 2 Sept 2016
Trough 25 Feb 2016 · recovered in 190 days
-23.3%
25 Jul 2011 – 3 Apr 2012
Trough 20 Dec 2011 · recovered in 105 days
-17.5%
13 Oct 2010 – 22 Jul 2011
Trough 10 Feb 2011 · recovered in 162 days
-16.8%
28 Aug 2018 – open
Trough 22 Aug 2019 · not recovered
-15.9%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
7
Vs category
0
Consistency
88
Risk-adjusted
59
Drawdown
42
Mean
39
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 95% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Sept 2019
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
BANK OF INDIA MID CAP TAX FUND SERIES 1
Bank of India Mutual Fund
- 1Y
- +2.7%
- 3Y
- +14.3%
- Vol
- 17.3%
- Max DD
- -35.9%
- Sharpe
- 0.48
- 3Y win
- +51%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
BANK OF INDIA MID CAP TAX FUND Series 2
Bank of India Mutual Fund
- 1Y
- -1.9%
- 3Y
- +13.1%
- Vol
- 17.3%
- Max DD
- -34.2%
- Sharpe
- 0.66
- 3Y win
- +35%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
ICICI Prudential Long Term Wealth Enhancement Fund
ICICI Prudential Mutual Fund
- 1Y
- -8.8%
- 3Y
- +12.6%
- Vol
- 17.0%
- Max DD
- -39.5%
- Sharpe
- 0.48
- 3Y win
- +38%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
SBI Long Term Advantage Fund - Series V
SBI Mutual Fund
- 1Y
- -4.1%
- 3Y
- +19.6%
- Vol
- 16.2%
- Max DD
- -35.8%
- Sharpe
- 0.56
- 3Y win
- +41%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
SBI Long Term Advantage Fund - Series VI
SBI Mutual Fund
- 1Y
- -7.2%
- 3Y
- +8.6%
- Vol
- 16.3%
- Max DD
- -36.1%
- Sharpe
- 0.54
- 3Y win
- +53%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown