Equity
Direct
Elss (Tax Savings)
NAV as on 02-12-2024
₹ 173.54
▲0.2%
1D
Inception Returns
15.8%
/yr
LIC MF ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Yogesh Patil. The fund could potentially beat inflation in the long-run.
LIC MF ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.81% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 31.64%, 17.12% and 17.53% respectively.
LIC MF ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Basic Materials, Health, Energy, Communication. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Shakti Pumps (India) Ltd, Trent Ltd, State Bank of India
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However, there is no assurance that the investment objective of the Schemes will be realized.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for LIC MF ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.86% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹1140 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 41.92% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (02-Dec-24)
as on (31-Oct-24)
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
LIC MF ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 12.67% | 12.67% |
1 Year Returns | 31.64% | 31.64% |
3 Years Returns | 60.66% | 17.12% |
5 Years Returns | 124.3% | 17.53% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 4.95 | 1.53 | -0.26 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 0.86 | 0.85 | 0.89 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 1.71 | 0.83 | 0.71 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 12.17 | 12.74 | 17.98 |