LIC MF Equity Savings Growth Option Direct
Hybrid
Direct
Equity Savings
NAV: ₹ 27.74 as on 02-05-2024
About the Fund
LIC MF Equity Savings Growth Option Direct 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
- LIC MF Equity Savings Growth Option Direct has ₹15 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.
Fund Performance
1 people have invested ₹ 8.2K in LIC MF Equity Savings Growth Option Direct in the last three months
Overview
 | 1% |
 Benchmark | NIFTY Equity Savings TR INR |
 | ₹15 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 2363.72% |
LIC MF Equity Savings Growth Option Direct Distribution as on (31-Mar-24)
Size breakup
Large cap
54%
Mid cap
7%
Small cap
6.1%
Sector Allocation
Financial Services
27.4%
Basic Materials
21.2%
Tech
20.1%
Consumer Defensive
8.1%
Industrial
6.4%
Consumer Cyclical
5.3%
Health
5.1%
Energy
3.4%
Utilities
2%
Real Estate
1.1%
Top Holdings of LIC MF Equity Savings Growth Option Direct as on (30-Apr-24)
Equity Holdings45
Debt Holdings2
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Tata Consultancy Services Ltd | 5.56% | 50% | |
 Tata Steel Ltd | 5.27% | 0% | |
 ICICI Bank Ltd | 3.92% | 0% | |
 Infosys Ltd | 3.68% | 0% | |
 UltraTech Cement Ltd | 3.33% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 12.7 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 5 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 13.74% return, outperforming this fund by 3.95% per annum.
Over the last 6 months, this fund has experienced a 63.0% growth in AUM moving from 8.98 Cr to 14.64 Cr.
This fund has one of the lowest expense ratio in the category (equity savings). Its expense ratio is 1% which is lower than the category average expense ratio of 1.06%.
In the last 1 year, HSBC Equity Savings Direct Plan Growth Plan has given 24.32% return, outperforming this fund by 6.4%.
In the last 3 years, Sundaram Equity Savings - Direct Plan - Growth Option has given 14.89% return, outperforming this fund by 5.15% per annum.
Peer Analysis
Fund Manager
Marzban Irani
Fund Manager of LIC MF Equity Savings Growth Option Direct, since 31 July 2023
Top funds managed
LIC MF Equity Savings Growth Option Direct Highlights
Moderately High risk
Investors understand that their principal will be at Moderately High risk
About the fund
This fund has delivered an average annual returns of 8.03% since inception which is less than its category average return of 8.05%
Fund Allocations
This fund has an allocation of 36.97% in Equity, 0.23% in Debt and 62.78% in Cash related instruments
AUM size ₹15 Cr
This fund has AUM of ₹15 Cr which is less than its category average of ₹ 1220 Cr
Expense Ratio 1%
This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.16%
Frequently Asked Questions
The current NAV of LIC MF Equity Savings Growth Option Direct is ₹27.74 as on 02-May-2024.
Existing (Absolute + CAGR) as on 02-May-2024.
LIC MF Equity Savings Growth Option Direct | Absolute Returns | CAGR Returns |
1 Month Returns | 2.09% | 2.09% |
6 Month Returns | 10.07% | 10.07% |
1 Year Returns | 17.92% | 17.92% |
3 Years Returns | 32.15% | 9.74% |
5 Years Returns | 59.54% | 9.79% |
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.
1% as on April 2024
₹15 Cr as on April 2024
LIC MF Liquid Dir Gr(8.56%), Tata Consultancy Services Ltd(5.56%), Tata Steel Ltd(5.27%), ICICI Bank Ltd(3.92%), Infosys Ltd(3.68%) as on April 2024
Cash Equivalent(60.58%), Financial Services(10.13%), Basic Materials(7.83%) as on April 2024
AAA | 100 |
Marzban Irani is the fund manager of LIC MF Equity Savings Growth Option Direct
The Exit load of LIC MF Equity Savings Growth Option Direct is 1%