LIC MF ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 171.58
1D
Inception Returns
15.7%
/yr
About LIC MF ELSS Tax Saver Fund Direct Growth
LIC MF ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Yogesh Patil. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF ELSS Tax Saver Fund Direct Growth has ₹1147 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
LIC MF ELSS Tax Saver Fund Direct Growth has given a CAGR return of 15.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.19%, 17.83% and 17.06% respectively.
Holdings
LIC MF ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Basic Materials, Health, Energy, Communication. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Shakti Pumps (India) Ltd, Trent Ltd, State Bank of India
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of LIC MF ELSS Tax Saver Fund Direct Growth
To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However, there is no assurance that the investment objective of the Schemes will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for LIC MF ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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312 people have invested ₹ 9.8L in LIC MF ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for LIC MF ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
19
/23
32% Performance
46% Risk Management
70% Cost
19 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Underperforms benchmarks during bull run
5Y returns in the bottom 25% of the category
LIC MF ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.96% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1147 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 41.92% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
64.2%
Small cap
19.6%
Mid cap
15.3%
Sector Allocation
Financial Services
27.3%
Consumer Cyclical
22.8%
Industrial
16.2%
Tech
9.8%
Consumer Defensive
9.3%
Basic Materials
8.2%
Health
3.6%
Energy
1.8%
Communication
1.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.00% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.60% in Nov'24
- AUM of the fund stands at 1.1K Cr as of Nov'24
- AUM increased by 7.6 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Zomato Ltd's allocation increased from 1.79% to 2.06%
HDFC Bank Ltd's allocation increased from 6.98% to 7.17%
CCL Products (India) Ltd's allocation increased from 1.08% to 1.25%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 7.72 % to 7.72 %
Trent Ltd's allocation decreased from 4.32 % to 4.09 %
Axis Bank Ltd's allocation decreased from 2.55 % to 2.48 %
Large Cap allocation has gone up from 63.8% to 64.2%
Small Cap allocation has gone up from 19.3% to 19.6%
Mid Cap allocation has gone down from 15.7% to 15.3%
Cash allocation has gone down from 1.1% to 0.9%
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Nov'24
Financial Services
27%
Consumer Cyclical
23%
Industrial
16%
Oct'24
Financial Services
27%
Consumer Cyclical
23%
Industrial
16%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.72% | 0% | |
 HDFC Bank Ltd | 7.17% | 0% | |
 Shakti Pumps (India) Ltd | 5.06% | 0% | |
 Trent Ltd | 4.09% | 0% | |
 State Bank of India | 3.37% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 16.7% |
 Zomato Ltd | 7.6% |
 HDFC Bank Ltd | 3.9% |
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Yogesh Patil
Fund Manager of LIC MF ELSS Tax Saver Fund Direct Growth, since 1 July 2024
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.07K Cr
as on 29-Nov-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 3.8% drop in AUM moving from 1.19K Cr to 1.14K Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.44% return, outperforming this fund by 12.69% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 52.84% return, outperforming this fund by 27.22%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.96% which is lower than the category average expense ratio of 1.28%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.67% return, outperforming this fund by 15.19% per annum.
Over the last 1 year, this fund has decreased expense ratio by 22.0% moving from 1.23 to 0.96.
LIC MF ELSS Tax Saver Fund Direct Growth 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 15.69% since inception which is less than its category average return of 15.88%
Fund Allocations
This fund has an allocation of 99.05% in Equity, 0% in Debt and 0.95% in Cash related instruments
AUM size ₹1147 Cr
This fund has AUM of ₹1147 Cr which is less than its category average of ₹ 3992 Cr
Expense Ratio 0.96%
This fund has an expense ratio of 0.96% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for LIC MF ELSS Tax Saver Fund Direct Growth
The current NAV of LIC MF ELSS Tax Saver Fund Direct Growth is ₹171.58 as on 20-Dec-2024.
Existing (Absolute + CAGR) as on 20-Dec-2024.
LIC MF ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.97% | 1.97% |
6 Month Returns | 4.51% | 4.51% |
1 Year Returns | 25.19% | 25.19% |
3 Years Returns | 63.59% | 17.83% |
5 Years Returns | 119.81% | 17.06% |
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0.96% as on November 2024
₹1147 Cr as on November 2024
ICICI Bank Ltd(7.72%), HDFC Bank Ltd(7.17%), Shakti Pumps (India) Ltd(5.06%), Trent Ltd(4.09%), State Bank of India(3.37%) as on November 2024
Financial Services(27%), Consumer Cyclical(22.54%), Industrial(16.03%) as on November 2024
The alpha ratio for the LIC MF ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 4.95 | 1.53 | -0.26 |
As on November 2024
The alpha for LIC MF ELSS Tax Saver Fund Direct Growth 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 Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF ELSS Tax Saver Fund Direct Growth | 0.86 | 0.85 | 0.89 |
As on November 2024
The Beta for LIC MF ELSS Tax Saver Fund Direct Growth 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 Fund Direct Growth 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 Fund Direct Growth | 1.7 | 0.83 | 0.71 |
As on November 2024
The sharpe ratio for LIC MF ELSS Tax Saver Fund Direct Growth 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 Fund Direct Growth 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 Fund Direct Growth | 12.17 | 12.74 | 17.98 |
As on November 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 1.51 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.01 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Yogesh Patil is the fund manager of LIC MF ELSS Tax Saver Fund Direct Growth
The Exit load of LIC MF ELSS Tax Saver Fund Direct Growth is 0%