LIC MF ELSS Tax Saver -Direct Plan Growth Option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 145.69 as on 24-04-2024
Fund Performance
321 people have invested ₹ 12.5L in LIC MF ELSS Tax Saver -Direct Plan Growth Option in the last three months
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.58% which is lower than the category average expense ratio of 1.29%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.95% return, outperforming this fund by 18.11% per annum.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.72% return, outperforming this fund by 29.46%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.74% return, outperforming this fund by 14.1% per annum.
INDmoney Rank of LIC MF ELSS Tax Saver -Direct Plan Growth Option
Powered by IND quant engine
14
/23
38% Performance
42% Risk Management
92% Cost
14 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
5Y returns in the bottom 25% of the category
About the LIC MF ELSS Tax Saver -Direct Plan Growth Option
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
- LIC MF ELSS Tax Saver -Direct Plan Growth Option has ₹1022 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.6.
LIC MF ELSS Tax Saver -Direct Plan Growth Option Overview
 | 0.58% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹1022 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 84.46% |
LIC MF ELSS Tax Saver -Direct Plan Growth Option Distribution as on (31-Mar-24)
Size breakup
Large cap
65.8%
Mid cap
17.9%
Small cap
13.5%
Sector Allocation
Financial Services
31%
Consumer Cyclical
21%
Industrial
15%
Consumer Defensive
9.3%
Tech
9.2%
Basic Materials
9%
Health
3.2%
Energy
2.3%
Top Holdings of LIC MF ELSS Tax Saver -Direct Plan Growth Option as on (31-Mar-24)
Equity Holdings57
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.29% | -1% | |
 HDFC Bank Ltd | 6.49% | -1% | |
 State Bank of India | 3.39% | -6.5% | |
 Infosys Ltd | 3.01% | -1% | |
 Trent Ltd | 2.79% | -14.2% |
See all
LIC MF ELSS Tax Saver -Direct Plan Growth Option: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.56% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 2.02% in Mar'24
AUM Change
- AUM of the fund stands at 1K Cr as of Mar'24
- AUM increased by 10.3 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in LIC MF ELSS Tax Saver -Direct Plan Growth Option portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Thermax Ltd | 25.2% |
 ABB India Ltd | 20.7% |
 Bajaj Finance Ltd | 12% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Infosys Ltd | -7.9% |
 Equitas Small Finance Bank Ltd | 9.8% |
Peer Analysis
LIC MF ELSS Tax Saver -Direct Plan Growth Option Fund Manager
Karan Doshi
Fund Manager of LIC MF ELSS Tax Saver -Direct Plan Growth Option, since 31 July 2023
Top funds managed
LIC MF ELSS Tax Saver -Direct Plan Growth Option 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 14.99% since inception which is less than its category average return of 15.65%
Fund Allocations
This fund has an allocation of 97.21% in Equity, 0% in Debt and 2.79% in Cash related instruments
AUM size ₹1022 Cr
This fund has AUM of ₹1022 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.58%
This fund has an expense ratio of 0.58% 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 ₹145.69 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
LIC MF ELSS Tax Saver -Direct Plan Growth Option | Absolute Returns | CAGR Returns |
1 Month Returns | 3.48% | 3.48% |
6 Month Returns | 16.27% | 16.27% |
1 Year Returns | 34.26% | 34.26% |
3 Years Returns | 67% | 18.64% |
5 Years Returns | 108.61% | 15.84% |
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0.58% as on March 2024
₹1022 Cr as on March 2024
ICICI Bank Ltd(7.29%), HDFC Bank Ltd(6.49%), State Bank of India(3.39%), Infosys Ltd(3.01%), Trent Ltd(2.79%) as on March 2024
Financial Services(30.09%), Consumer Cyclical(20.4%), Industrial(14.62%) as on March 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 | 2.06 | 0.33 | -0.36 |
As on March 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 | 0.74 | 0.84 | 0.88 |
As on March 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 | 2.33 | 0.94 | 0.61 |
As on March 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 | 9.86 | 12.28 | 17.73 |
As on March 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 1.81 as on March 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%