LIC MF ELSS Tax Saver -Direct Plan Growth Option

LIC MF ELSS Tax Saver -Direct Plan Growth Option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 153.39 as on 21-05-2024

About the Fund

LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 -Direct Plan Growth Option has ₹1050 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.
Fund Performance
zero opening, trading, fund transfer fee
285 people have invested ₹ 13.4L in LIC MF ELSS Tax Saver -Direct Plan Growth Option in the last three months

Overview

Expense ratio
Expense ratio
1%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹1050 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%

LIC MF ELSS Tax Saver -Direct Plan Growth Option Distribution as on (30-Apr-24)

  • Equity 97.9%

  • Debt & Cash 2.1%

Size breakup

Large cap
63.6%
Mid cap
18.5%
Small cap
15.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
29.7%
Consumer Cyclical
21.9%
Industrial
16.3%
Consumer Defensive
9.4%
Basic Materials
8.7%
Tech
8.3%
Health
3%
Energy
2.2%
Communication
0.6%

Top Holdings of LIC MF ELSS Tax Saver -Direct Plan Growth Option as on (30-Apr-24)

  • Equity

Equity Holdings57

Gainers & Losers Returns for the month of Apr

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.11%
1.56%
2.36%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.11% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.65% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1K Cr
₹ 1K Cr
₹ 1K Cr
  • AUM of the fund stands at 1K Cr as of Apr'24
  • AUM increased by 28.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

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 1% which is lower than the category average expense ratio of 1.29%.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.59% return, outperforming this fund by 27.31%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.72% return, outperforming this fund by 18.41% per annum.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 29.16% return, outperforming this fund by 9.97% per annum.
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Over the last 1 month, this fund has experienced a 2.8% growth in AUM moving from 1.02K Cr to 1.04K Cr.

INDmoney Rank

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15
/23
37% Performance
42% Risk Management
92% Cost
15 out of 23 among elss (tax savings)

Pros

Protects capital during bear phase
Beats FD returns for both 3Y & 5Y

Cons

Higher probablity of downside risk
Underperforms benchmarks during bull run

Fund Manager

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

LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 15.38% since inception which is less than its category average return of 15.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.89% in Equity, 0% in Debt and 2.11% in Cash related instruments
AUM size ₹1050 Cr

AUM size ₹1050 Cr

This fund has AUM of ₹1050 Cr which is less than its category average of ₹ 3661 Cr
Expense Ratio 1%

Expense Ratio 1%

This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of LIC MF ELSS Tax Saver -Direct Plan Growth Option is ₹153.39 as on 21-May-2024.
Existing (Absolute + CAGR) as on 21-May-2024.
LIC MF ELSS Tax Saver -Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
6.82%
6.82%
6 Month Returns
17.53%
17.53%
1 Year Returns
33.28%
33.28%
3 Years Returns
69.31%
19.19%
5 Years Returns
122.13%
17.31%
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1% as on April 2024
₹1050 Cr as on April 2024
ICICI Bank Ltd(7.46%), HDFC Bank Ltd(6.63%), State Bank of India(3.62%), Trent Ltd(3.03%), Shakti Pumps (India) Ltd(2.81%) as on April 2024
Financial Services(29.07%), Consumer Cyclical(21.39%), Industrial(15.91%) as on April 2024
The alpha ratio for the LIC MF ELSS Tax Saver -Direct Plan Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF ELSS Tax Saver -Direct Plan Growth Option
2.91
0.5
-0.18
As on April 2024
The alpha for LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 -Direct Plan Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF ELSS Tax Saver -Direct Plan Growth Option
0.75
0.85
0.88
As on April 2024
The Beta for LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 -Direct Plan Growth Option 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 -Direct Plan Growth Option
2.35
1.02
0.66
As on April 2024
The sharpe ratio for LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 -Direct Plan Growth Option 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 -Direct Plan Growth Option
9.93
12.37
17.76
As on April 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 1.97 as on April 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 -Direct Plan Growth Option
The Exit load of LIC MF ELSS Tax Saver -Direct Plan Growth Option is 0%