LIC MF ELSS Tax Saver Fund Direct Growth

LIC MF ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 02-12-2024

₹ 173.54

0.2%

1D

Inception Returns

15.8%

/yr

About LIC MF ELSS Tax Saver Fund Direct Growth

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.

Key Parameters

  1. LIC MF ELSS Tax Saver Fund Direct Growth has ₹1140 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.9.

Returns

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.

Holdings

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

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
321 people have invested ₹ 11.5L in LIC MF ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank for LIC MF ELSS Tax Saver Fund Direct Growth

Powered by IND quant engine
19
/23
28% Performance
44% Risk Management
24% Cost
19 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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Higher probablity of downside risk
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5Y returns in the bottom 25% of the category

LIC MF ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.86%
Benchmark
S&P BSE 200 India TR INR
AUM₹1140 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
41.92%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Dec-24)

Period
LIC MF ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
0.7%
0.1%
0%
3M
-1.1%
-3.9%
-2.6%
6M
12.7%
8.2%
9.2%
1Y
31.6%
26.1%
29.8%
3Y
17.1%
15.1%
17.9%
5Y
17.5%
18.4%
19.8%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.9%

  • Debt & Cash 1.2%

Large cap
63.8%

Small cap
19.3%

Mid cap
15.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
27.2%
Consumer Cyclical
22.6%
Industrial
16.5%
Tech
9.4%
Consumer Defensive
9.3%
Basic Materials
8.4%
Health
3.7%
Energy
1.8%
Communication
1.1%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.99%
2.48%
1.53%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.99% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.52% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.1K Cr
₹ 1.2K Cr
₹ 1.2K Cr
  • AUM of the fund stands at 1.1K Cr as of Oct'24
  • AUM decreased by 69.6 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 7.17% to 7.72%
ICICI Bank Ltd's allocation increased from 7.17% to 7.72%
HDFC Bank Ltd's allocation increased from 6.56% to 6.98%
HDFC Bank Ltd's allocation increased from 6.56% to 6.98%
State Bank of India's allocation increased from 3% to 3.31%
State Bank of India's allocation increased from 3% to 3.31%
Top Stocks sold last month
Shakti Pumps (India) Ltd's allocation decreased from 5.26 % to 4.89 %
Shakti Pumps (India) Ltd's allocation decreased from 5.26 % to 4.89 %
Trent Ltd's allocation decreased from 4.52 % to 4.32 %
Trent Ltd's allocation decreased from 4.52 % to 4.32 %
Infosys Ltd's allocation decreased from 3.18 % to 3.16 %
Infosys Ltd's allocation decreased from 3.18 % to 3.16 %
Mid Cap allocation has gone down from 17% to 15.7%
Mid Cap allocation has gone down from 17% to 15.7%
Large Cap allocation has gone up from 62.5% to 63.8%
Large Cap allocation has gone up from 62.5% to 63.8%
Small Cap allocation has gone down from 19.4% to 19.3%
Small Cap allocation has gone down from 19.4% to 19.3%
Cash allocation has gone up from 1.1% to 1.1%
Cash allocation has gone up from 1.1% to 1.1%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial

Oct'24
Financial Services
27%
Consumer Cyclical
23%
Industrial
16%
Sep'24
Financial Services
26%
Consumer Cyclical
24%
Industrial
17%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
59
59
58
Top 5 Company Concentration
27.2%
26.7%
26.6%
Company having highest exposure
ICICI Bank Ltd (7.7%)
ICICI Bank Ltd (7.2%)
ICICI Bank Ltd (7%)
No of Sectors
9
9
9
Top 5 Sectors Concentration
85%
85.3%
84.9%
Sector having highest exposure
Financial Services (27.2%)
Financial Services (26.4%)
Financial Services (26.1%)
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Yogesh Patil
Yogesh Patil
Fund Manager of LIC MF ELSS Tax Saver Fund Direct Growth, since 1 July 2024
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.54% return, outperforming this fund by 23.9%.
Insights icon
Over the last 6 months, this fund has increased expense ratio by 48.3% moving from 0.58 to 0.86.
Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.86% which is lower than the category average expense ratio of 1.29%.
Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 28.07% return, outperforming this fund by 10.95% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 5.8% drop in AUM moving from 1.20K Cr to 1.13K Cr.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.9% return, outperforming this fund by 15.37% 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 15.81% since inception which is less than its category average return of 15.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.85% in Equity, 0% in Debt and 1.15% in Cash related instruments
AUM size ₹1140 Cr

AUM size ₹1140 Cr

This fund has AUM of ₹1140 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.86%

Expense Ratio 0.86%

This fund has an expense ratio of 0.86% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for LIC MF ELSS Tax Saver Fund Direct Growth

The current NAV of LIC MF ELSS Tax Saver Fund Direct Growth is ₹173.54 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
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%
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0.86% as on November 2024
₹1140 Cr as on November 2024
ICICI Bank Ltd(7.72%), HDFC Bank Ltd(6.98%), Shakti Pumps (India) Ltd(4.89%), Trent Ltd(4.32%), State Bank of India(3.31%) as on November 2024
Financial Services(26.87%), Consumer Cyclical(22.36%), Industrial(16.28%) as on November 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
4.95
1.53
-0.26
As on November 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
0.86
0.85
0.89
As on November 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
1.71
0.83
0.71
As on November 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
12.17
12.74
17.98
As on November 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 1.51 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.01 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Yogesh Patil 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%