LIC MF Equity Savings Fund Direct Growth

LIC MF Equity Savings Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Sumit Bhatnagar. This fund gives you the benefit of diversification.

1. LIC MF Equity Savings Fund Direct Growth has ₹19 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 1.3.
   

LIC MF Equity Savings Fund Direct Growth has given a CAGR return of 8.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.20%, 11.32% and 12.14% respectively.

LIC MF Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Consumer Cyclical, Health, Consumer Defensive, Corporate, Utilities, Communication, Energy.

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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 for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Equity Savings Fund Direct Growth has no lock in period.