LIC MF Tax Plan-Direct Plan Growth Option
LIC MF Tax Plan-Direct Plan Growth Option

LIC MF Tax Plan-Direct Plan Growth Option

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 108.2 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
258 people have invested ₹ 8L in mutual fund in the last three months

Fund Insights

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In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 12.08%

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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.17% return, outperforming this fund by 26% per annum

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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 21.51% return, outperforming this fund by 11.59% per annum

INDmoney Rank

Powered by IND quant engine
20
/23
34% Performance
36% Risk Management
0% Cost
20 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
Underperforms benchmarks during bull run
3Y returns in the bottom 25% of the category

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
0.7%
-3.5%
-1.3%
-0.1%
10.2%
9.9%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
9.6%
Category
-0.6%
-2.9%
1.7%
1.6%
14.4%
9.9%
About the Fund

LIC MF Tax Plan-Direct Plan Growth Option is an equity fund. This fund was started on  1 January, 2013. The fund is managed by Amit Nadekar. The fund could potentially beat inflation in the long-run.

Key parameters

1) LIC MF Tax Plan-Direct Plan Growth Option has a NAV of 108.1701 as on 08-02-2023.

2) LIC MF Tax Plan-Direct Plan Growth Option has 396 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 1.47 %.

Fund Overview

Expense ratio
Expense ratio
1.47%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹396 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0.25%
Lock In
Lock In
3 Years
TurnOver
TurnOver
17.43%

Fund Distribution as on (31-Dec-22)

  • Equity 96%
  • Debt & Cash 4%
Size breakup
Large cap
67.6%
Mid cap
19.7%
Small cap
8.7%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

33.2%

Consumer Cyclical

27.4%

Industrial

11.5%

Tech

10.1%

Consumer Defensive

8.5%

Basic Materials

4.9%

Health

2.8%

Communication

1.6%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings43
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 11.7 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 412.1 Cr
Nov'22
₹ 423.8 Cr
Oct'22
₹ 426.7 Cr

Fund Returns vs Benchmark

Jan'23
2.13%
5.37%
Dec'22
-0.35%
2.63%
Nov'22
2.13%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
45
47
53
Top 5 Company Concentration
30%
31.3%
29.3%
Company having highest exposure
ICICI Bank Ltd (9.4%)
ICICI Bank Ltd (9.8%)
ICICI Bank Ltd (9.5%)
No of Sectors
9
9
9
Top 5 Sectors Concentration
85.8%
82.7%
82.3%
Sector having highest exposure
Financial Services (31.4%)
Financial Services (31.2%)
Financial Services (30.4%)

Fund Manager

Amit Nadekar

Amit Nadekar

Fund Manager of LIC MF Tax Plan-Direct Plan Growth Option, since 6 June 2022

AMC details

Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹14.81K Cr
as on 31-Dec-2022
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+912222812038
Email
licmfamc@licmutual.com

Fund 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 13.54% since inception which is more than its category average return of 12.99%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.04% in Equity, 0% in Debt and 3.96% in Cash related instruments
AUM size ₹396 Cr

AUM size ₹396 Cr

This fund has AUM of ₹396 Cr which is less than its category average of ₹ 2668 Cr
Expense Ratio 1.47%

Expense Ratio 1.47%

This fund has an expense ratio of 1.47% which is less than its category average expense ratio of 1.57%

Frequently Asked Questions

The current NAV of LIC MF Tax Plan-Direct Plan Growth Option is 107.61 as on 07-Feb-2023.
Existing (Absolute + CAGR)
LIC MF Tax Plan-Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
0.15%
0.15%
6 Month Returns
-1.34%
-1.34%
1 Year Returns
-0.55%
-0.55%
3 Years Returns
33%
9.97%
5 Years Returns
61.47%
10.06%
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1.47 as on January 2023
396 Cr as on January 2023
ICICI Bank Ltd(9.41%),Axis Bank Ltd(6.86%),HDFC Bank Ltd(5.12%),Infosys Ltd(4.92%),Mahindra & Mahindra Ltd(3.71%) as on January 2023
Financial Services(31.43%),Consumer Cyclical(25.89%),Industrial(10.9%) as on January 2023
The alpha ratio for the LIC MF Tax Plan-Direct Plan Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Tax Plan-Direct Plan Growth Option
-5.26
-4.57
-0.83
As on January 2023
The alpha for LIC MF Tax Plan-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 Tax Plan-Direct Plan Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Tax Plan-Direct Plan Growth Option
0.87
0.91
0.92
As on January 2023
The Beta for LIC MF Tax Plan-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 Tax Plan-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 Tax Plan-Direct Plan Growth Option
-0.49
0.36
0.29
As on January 2023
The sharpe ratio for LIC MF Tax Plan-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 Tax Plan-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 Tax Plan-Direct Plan Growth Option
15.33
21.61
18.99
As on January 2023
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 0.47 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Amit Nadekar is the fund manager of LIC MF Tax Plan-Direct Plan Growth Option
The Exit load of LIC MF Tax Plan-Direct Plan Growth Option is 0.25%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.