LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl

Hybrid
Direct
Equity Savings
LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl

About the Fund

LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl has ₹16 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 Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl has given a CAGR return of 9.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.27%, 9.39% and 9.91% respectively.

Holdings

LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Basic Materials, Industrial, Tech, Consumer Defensive, Health, Consumer Cyclical, Energy, Corporate, Utilities, Government.

Taxation

As it is a equity savings mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
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
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl

The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl has no lock in period.

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.99%
Benchmark
Benchmark
NIFTY Equity Savings TR INR
AUM
AUM
₹16 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
2363.72%

Fund Distribution
as on (31-May-24)

  • Equity 36.7%

  • Debt & Cash 63.3%

Large cap
54%

Mid cap
7%

Small cap
6.1%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
23%
Basic Materials
21.6%
Industrial
17.9%
Tech
14.9%
Consumer Defensive
10.6%
Health
3.8%
Consumer Cyclical
3.7%
Energy
2.7%
Utilities
1.8%
All changes are between Oct'69 and Dec'69

Marzban Irani
Marzban Irani
Fund Manager of LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl, since 31 July 2023

LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 9.27% since inception which is more than its category average return of 8.2%
Fund Allocations

Fund Allocations

This fund has an allocation of 36.68% in Equity, 0.21% in Debt and 63.09% in Cash related instruments
AUM size ₹16 Cr

AUM size ₹16 Cr

This fund has AUM of ₹16 Cr which is less than its category average of ₹ 1321 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 1.13%

Frequently Asked Questions

The current NAV of LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl is ₹15.79 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl
Absolute Returns
CAGR Returns
1 Month Returns
3.18%
3.18%
6 Month Returns
7.44%
7.44%
1 Year Returns
17.27%
17.27%
3 Years Returns
30.89%
9.39%
5 Years Returns
60.38%
9.91%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.99% as on May 2024
₹16 Cr as on May 2024
LIC MF Liquid Dir Gr(9.99%), Tata Steel Ltd(5.1%), Tata Consultancy Services Ltd(4.75%), ICICI Bank Ltd(3.63%), Hindustan Unilever Ltd(3.44%) as on May 2024
Cash Equivalent(61.2%), Financial Services(8.43%), Basic Materials(7.94%) as on May 2024
AAA
100
Marzban Irani is the fund manager of LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl
The Exit load of LIC MF Equity Savings Direct Quarterly Payout of Income Distribution cum Cap wdrl is 1%