LIC MF Tax Plan-Direct Plan Growth Option
Compare
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 108.2 as on 08-02-2023
Fund Performance
258 people have invested ₹ 8L in mutual fund in the last three months
Fund Insights
In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.99% return, outperforming this fund by 12.08%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.17% return, outperforming this fund by 26% per annum
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)
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 | 1.47% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹396 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0.25% |
Lock In | 3 Years |
TurnOver | 17.43% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
67.6%
Mid cap
19.7%
Small cap
8.7%
Sector Allocation
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 Holdings43
Debt Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
ICICI Bank Ltd | 9.13% | 0% | |
Axis Bank Ltd | 6.9% | 18.3% | |
Infosys Ltd | 5.7% | -23.2% | |
HDFC Bank Ltd | 5.48% | -13.3% | |
Mahindra & Mahindra Ltd | 4.62% | 10.6% |
See all
What changed
in last one month
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)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Craftsman Automation Ltd | 10.1% |
Metro Brands Ltd | 6.3% |
Axis Bank Ltd | 3.3% |
Top Losers | 1M Return |
|---|---|
Timken India Ltd | -11.9% |
Infosys Ltd | -9% |
ICICI Bank Ltd | -5.2% |
Peer Analysis
Fund Manager
Amit Nadekar
Fund Manager of LIC MF Tax Plan-Direct Plan Growth Option, since 6 June 2022
Top funds managed
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
Very High Risk
Investors understand that their principal will be at Very High Risk
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
This fund has an allocation of 96.04% in Equity, 0% in Debt and 3.96% in Cash related instruments
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%
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%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.