LIC Elss - Direct Plan - Growth

LIC Elss - Direct Plan - Growth

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 127 as on 22-09-2023

Fund Performance
zero opening, trading, fund transfer fee
447 people have invested ₹ 1.1Cr in LIC Elss - Direct Plan - Growth in the last three months

Fund Insights

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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 37.03% return, outperforming this fund by 14.63% per annum.
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Over the last 3 months, this fund has experienced a 115.4% growth in AUM moving from 443.83 Cr to 955.94 Cr.
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In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 27.07% return, outperforming this fund by 14.94%.
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Over the last 1 month, this fund has decreased expense ratio by 12.2% moving from 1.47 to 1.29.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.29% which is lower than the category average expense ratio of 1.32%.
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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 26.04% return, outperforming this fund by 12.67% per annum.

INDmoney Rank

Powered by IND quant engine
19
/23
45% Performance
42% Risk Management
0% Cost
19 out of 23 among elss (tax savings)

Pros

Beats FD returns for both 3Y & 5Y

Cons

Underperforms benchmarks during bull run

About the Fund

LIC Elss - Direct Plan - Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Karan Doshi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC Elss - Direct Plan - Growth has ₹956 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 1.3.

LIC Elss - Direct Plan - Growth Overview

Expense ratio
Expense ratio
1.29%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹956 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
84.46%

Fund Distribution as on (31-Aug-23)

  • Equity 93.5%

  • Debt & Cash 6.5%

Size breakup

Large cap
63.2%
Mid cap
20%
Small cap
10.3%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

32.3%

Consumer Cyclical

18.7%

Industrial

15.6%

Basic Materials

10.5%

Tech

10.4%

Consumer Defensive

8.8%

Energy

2.1%

Health

1.6%

Top Holdings of LIC Elss - Direct Plan - Growth as on (31-Aug-23)

  • Equity

Equity Holdings57

LIC Elss - Direct Plan - Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
1.37%
1.44%
3.96%
Nifty 500
-0.74%
3.21%
4.25%
  • This fund’s returns stands at 1.37% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
  • This fund outperformed Nifty 500 by 2.11% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 955.9 Cr
₹ 952.3 Cr
₹ 458.9 Cr
  • AUM of the fund stands at 955.9 Cr as of Aug'23
  • AUM increased by 3.6 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Gainers & Losers in LIC Elss - Direct Plan - Growth portfolio Returns for the month of Aug

LIC Elss - Direct Plan - Growth Fund Manager

Karan Doshi

Karan Doshi

Fund Manager of LIC Elss - Direct Plan - Growth, since 31 July 2023

Fund Highlights

Risk meter
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Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.41% since inception which is more than its category average return of 14.2%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.49% in Equity, 0% in Debt and 6.51% in Cash related instruments
AUM size ₹956 Cr

AUM size ₹956 Cr

This fund has AUM of ₹956 Cr which is less than its category average of ₹ 2953 Cr
Expense Ratio 1.29%

Expense Ratio 1.29%

This fund has an expense ratio of 1.29% which is less than its category average expense ratio of 1.5%

Frequently Asked Questions

The current NAV of LIC Elss - Direct Plan - Growth is ₹126.99 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
LIC Elss - Direct Plan - Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.84%
1.84%
6 Month Returns
20.61%
20.61%
1 Year Returns
12.13%
12.13%
3 Years Returns
83.36%
22.4%
5 Years Returns
87.28%
13.37%
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1.29% as on August 2023
₹956 Cr as on August 2023
ICICI Bank Ltd(7.63%), HDFC Bank Ltd(7.61%), Axis Bank Ltd(4.69%), Infosys Ltd(3.74%), Cholamandalam Investment and Finance Co Ltd(3.15%) as on August 2023
Financial Services(30.17%), Consumer Cyclical(17.48%), Industrial(14.58%) as on August 2023
The alpha ratio for the LIC Elss - Direct Plan - Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC Elss - Direct Plan - Growth
3.23
1.07
0.21
As on August 2023
The alpha for LIC Elss - Direct Plan - Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the LIC Elss - Direct Plan - Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC Elss - Direct Plan - Growth
0.64
0.87
0.9
As on August 2023
The Beta for LIC Elss - Direct Plan - Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the LIC Elss - Direct Plan - Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
LIC Elss - Direct Plan - Growth
0.64
1.19
0.43
As on August 2023
The sharpe ratio for LIC Elss - Direct Plan - Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the LIC Elss - Direct Plan - Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
LIC Elss - Direct Plan - Growth
10.08
13.59
18.5
As on August 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.51 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Doshi is the fund manager of LIC Elss - Direct Plan - Growth
The Exit load of LIC Elss - Direct Plan - Growth is 0%