Overview
LIC MF ELSS Tax Saver Direct Growth
LIC Mutual Fund
Earlier known as Dhan Tax Saver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Investments in LIC MF ELSS Tax Saver Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 169.9643
Fund Size (AUM)
₹1088.39 Cr
Risk
Very High (Risk rating: 6/10)
Minimum Investment
Lumpsum: ₹ 500
SIP: ₹500
Launch Date
02-Jan-2013
Expense Ratio
0.97%
Exit Load
Nil
Benchmark
NIFTY 500 Total Return Index
Standard Deviation
14.43
History
Performance & Ratios
1-Year SIP Return
1.48%
3-Year SIP Return
17.75%
5-Year SIP Return
17.99%
Mean Return
12.52%
Alpha
2.05
Beta
0.92
Sharpe Ratio
0.64
Sortino Ratio
1.03
Information Ratio
0.28
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 18.38% | 16.45% | 22.96% | 14.34% |
| Category Average | 8.98% | 15.47% | 24.59% | N/A |
| Rank Within Category | 1 | 15 | 29 | N/A |
Holdings (55)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| ICICI Bank Ltd. | Financial | Equity | 8.44% |
| HDFC Bank Ltd. | Financial | Equity | 7.7% |
| Shakti Pumps (India) Ltd. | Capital Goods | Equity | 6.22% |
| Trent Ltd. | Services | Equity | 3.38% |
| State Bank of India | Financial | Equity | 3.26% |
| Infosys Ltd. | Technology | Equity | 2.96% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 2.94% |
| Blue Star Ltd. | Consumer Discretionary | Equity | 2.58% |
| Axis Bank Ltd. | Financial | Equity | 2.54% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.21% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| SBI Long Term Equity Fund Direct Plan Growth | 27730.33 | 10.73 | 23.93 | 0.95 | N/A |
| Motilal Oswal ELSS Tax Saver Fund Direct Growth | 3816.77 | 12.31 | 23.88 | 0.7 | N/A |
| HDFC ELSS Tax Saver Fund Direct Plan Growth | 15555.71 | 17.21 | 22.66 | 1.11 | N/A |
| Parag Parikh ELSS Tax Saver Fund Direct Growth | 4905.72 | 16.5 | 18.89 | 0.63 | N/A |
| Quantum ELSS Tax Saver Fund Direct Growth | 209.18 | 13.07 | 18.26 | 0.89 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 500
Multiplier: 500
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 500
Min Installments: 12
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 500
Min Installments: 6
AMC Details
Asset Management Company
LIC Mutual Fund
LIC Mutual Fund started their mutual fund on 20/04/1994 and its managing total assets of ₹22,871 Cr. Its ranked at 17 as per total assets at end of 30th Sep 2017. LIC Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Established in 20th April 1989, it is an associate company of one of India's most reputed brands LIC. LIC Mutual funds aim to create financial discipline and corporate governance and is chosen by many investors, due to it being a pioneering brand.
The motto of LIC is to create value for its investors by adopting an investing strategy that is innovative, yet stable for a dynamic environment, such as ours. It targets to cater to all segments of the society and creating an investment experience which is unparalleled.
It offers a large variety of funds, starting from equity, debt, hybrid, solution oriented and index funds. Investors of different risk appetites and investment duration can build a strong portfolio through LIC mutual funds.
Launch Date
1994-04-20T00:00:00.369Z
Total AUM
₹ 33763.05 Cr
Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Website
Sub Type
Contra
Sub Type Info
Contra funds follow Contrarian strategy which means investing in stocks in contrast to the prevailing sentiment. Minimum investment in equity is 65%.
Tax Impact
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
Compare with Another Fund
LIC MF ELSS Tax Saver Direct Growth
LIC Mutual Fund
You May Be Interested In
Axis Equity ETFs FoF Direct Growth
Flexi Cap
HDFC Value Fund Direct Plan Growth
Value Oriented
Invesco India ELSS Tax Saver Fund Direct Growth
ELSS
Edelweiss Nifty 50 Index Fund Direct Growth
Large Cap
LIC MF Midcap Fund Direct Growth
Mid Cap
Sundaram Infrastructure Advantage Fund Direct Growth
Sectoral
Sundaram Multi Cap Fund Direct Growth
Multi Cap
Sundaram Consumption Fund Direct Growth
Thematic
Union Large & Midcap Fund Direct Growth
Large & MidCap
Taurus Flexi Cap Fund Direct Growth
Flexi Cap
Explore More Mutual Funds
Debt Mutual Funds - Best Debt Fund Options
Discover top debt mutual funds for stable returns. Filter by NAV, fund size, and AMC to find the best debt funds for you.
Hybrid Mutual Funds - Top Hybrid Funds
Find top hybrid mutual funds for balanced growth. Filter by NAV, fund size, and risk to choose the best hybrid funds.
Commodities Mutual Funds
Explore commodities mutual funds for diversification. Filter by NAV and fund size to find the best commodity funds.
ELSS Mutual Funds - Top Tax-Saving Funds
Discover top ELSS mutual funds for tax savings and growth. Filter by NAV, fund size, and AMC to find the best ELSS funds.
Frequently Asked Questions
How is the overall rating calculated?
The overall rating for LIC MF ELSS Tax Saver Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of LIC MF ELSS Tax Saver Direct Growth?
The top stocks held by LIC MF ELSS Tax Saver Direct Growth include ICICI Bank Ltd., HDFC Bank Ltd., Shakti Pumps (India) Ltd..
Which industries does LIC MF ELSS Tax Saver Direct Growth invest in?
LIC MF ELSS Tax Saver Direct Growth primarily invests in the following industries: Financial, Capital Goods, Services.
Who are the fund managers of LIC MF ELSS Tax Saver Direct Growth?
The fund managers of LIC MF ELSS Tax Saver Direct Growth are Yogesh Patil and Dikshit Mittal.
How many years has the fund manager been managing LIC MF ELSS Tax Saver Direct Growth?
Yogesh Patil:
Calculating...
Dikshit Mittal:
Calculating...
What is the minimum investment for LIC MF ELSS Tax Saver Direct Growth?
The minimum investment for LIC MF ELSS Tax Saver Direct Growth is ₹500 for lumpsum investments and ₹500 for SIPs.
What are the average 1-year returns for LIC MF ELSS Tax Saver Direct Growth?
Calculating...
What are the average 3-year returns for LIC MF ELSS Tax Saver Direct Growth?
Calculating...
What is the expense ratio of LIC MF ELSS Tax Saver Direct Growth, and how does it compare to its category?
The expense ratio of LIC MF ELSS Tax Saver Direct Growth is 0.97%. The average expense ratio for similar funds in the Equity is Calculating....