LIC MF ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
LIC MF ELSS Tax Saver Fund Direct Growth

About the Fund

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 Karan Doshi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF ELSS Tax Saver Fund Direct Growth has ₹1064 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

LIC MF ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.98% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.79%, 19.47% and 18.01% respectively.

Holdings

LIC MF ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Consumer Defensive, Basic Materials, Tech, Health, Energy, Communication. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Shakti Pumps (India) Ltd, Trent Ltd

Taxation

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of LIC MF ELSS Tax Saver Fund Direct Growth

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 and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
276 people have invested ₹ 14.7L in LIC MF ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
18
/23
36% Performance
43% Risk Management
22% Cost
18 out of 23 among elss (tax savings)
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Protects capital during bear phase
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Beats FD returns for both 3Y & 5Y
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Underperforms benchmarks during bull run

Fund Overview

Expense ratio0.99%
Benchmark
S&P BSE 200 India TR INR
AUM₹1064 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
84.46%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 98.3%

  • Debt & Cash 1.7%

Large cap
62.9%

Mid cap
18.2%

Small cap
17.2%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
29.2%
Consumer Cyclical
22.1%
Industrial
17.4%
Consumer Defensive
9%
Basic Materials
8.1%
Tech
8%
Health
3.1%
Energy
2.1%
Communication
0.9%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Shakti Pumps (India) Ltd
Shakti Pumps (India) Ltd
6.4%

Karan Doshi
Karan Doshi
Fund Manager of LIC MF ELSS Tax Saver Fund Direct Growth, since 31 July 2023

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.99% which is lower than the category average expense ratio of 1.29%.
Insights icon
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.81% return, outperforming this fund by 27.02%.
Insights icon
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.9% return, outperforming this fund by 10.43% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.94% return, outperforming this fund by 17.92% per annum.

LIC MF ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

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 15.98% since inception which is less than its category average return of 16.47%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.3% in Equity, 0% in Debt and 1.7% in Cash related instruments
AUM size ₹1064 Cr

AUM size ₹1064 Cr

This fund has AUM of ₹1064 Cr which is less than its category average of ₹ 3681 Cr
Expense Ratio 0.99%

Expense Ratio 0.99%

This fund has an expense ratio of 0.99% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of LIC MF ELSS Tax Saver Fund Direct Growth is ₹163.55 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
LIC MF ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.52%
7.52%
6 Month Returns
19.79%
19.79%
1 Year Returns
34.79%
34.79%
3 Years Returns
70.5%
19.47%
5 Years Returns
128.9%
18.01%
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0.99% as on May 2024
₹1064 Cr as on May 2024
ICICI Bank Ltd(7.17%), HDFC Bank Ltd(6.59%), State Bank of India(3.59%), Shakti Pumps (India) Ltd(3.47%), Trent Ltd(3.09%) as on May 2024
Financial Services(28.73%), Consumer Cyclical(21.75%), Industrial(17.15%) as on May 2024
The alpha ratio for the LIC MF ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF ELSS Tax Saver Fund Direct Growth
2.35
1.12
-0.1
As on May 2024
The alpha for LIC MF ELSS Tax Saver Fund Direct 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 MF ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF ELSS Tax Saver Fund Direct Growth
0.69
0.85
0.88
As on May 2024
The Beta for LIC MF ELSS Tax Saver Fund Direct 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 MF ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
LIC MF ELSS Tax Saver Fund Direct Growth
2.15
0.94
0.66
As on May 2024
The sharpe ratio for LIC MF ELSS Tax Saver Fund Direct 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 MF ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
LIC MF ELSS Tax Saver Fund Direct Growth
8.85
12.13
17.76
As on May 2024
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 1.78 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Doshi is the fund manager of LIC MF ELSS Tax Saver Fund Direct Growth
The Exit load of LIC MF ELSS Tax Saver Fund Direct Growth is 0%