LIC MF ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 04-09-2024
₹ 175.74
▲0.1%
1D
Inception Returns
16.3%
/yr
About the Fund
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 Karan Doshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF ELSS Tax Saver Fund Direct Growth has ₹1188 Cr worth of assets under management (AUM) as on Jul 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 16.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.06%, 17.47% and 20.58% respectively.
Holdings
LIC MF ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Consumer Defensive, Tech, 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
▲
▼
307 people have invested ₹ 12.5L in LIC MF ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
17
/23
30% Performance
45% Risk Management
21% Cost
17 out of 23 among elss (tax savings)
Protects capital during bear phase
Beats FD returns for both 3Y & 5Y
Underperforms benchmarks during bull run
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 0.96% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹1188 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 41.92% |
| STCG | Redeeming 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 (04-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
61.1%
Small cap
20.7%
Mid cap
15.3%
Sector Allocation
Financial Services
26.3%
Consumer Cyclical
23%
Industrial
17.1%
Consumer Defensive
9.2%
Tech
9.1%
Basic Materials
8.7%
Health
3.5%
Energy
2%
Communication
1%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.96% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 0.43% in Jul'24
- AUM of the fund stands at 1.2K Cr as of Jul'24
- AUM increased by 35.8 Cr between Jul'24 and Jun'24
Top Stocks bought last month
EIH Ltd's allocation increased from 0.38% to 1.2%
Shakti Pumps (India) Ltd's allocation increased from 4.74% to 5.36%
Infosys Ltd's allocation increased from 2.79% to 3.23%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 7.09 % to 6.96 %
HDFC Bank Ltd's allocation decreased from 6.69 % to 6.23 %
State Bank of India's allocation decreased from 3.39 % to 3.38 %
Cash allocation has gone up from 1.4% to 2.9%
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Jul'24
Financial Services
26%
Consumer Cyclical
23%
Industrial
17%
Jun'24
Financial Services
29%
Consumer Cyclical
22%
Industrial
18%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 6.96% | 0% | |
 HDFC Bank Ltd | 6.23% | 0% | |
 Shakti Pumps (India) Ltd | 5.36% | 0% | |
 Trent Ltd | 3.54% | 0% | |
 State Bank of India | 3.38% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 33.7% |
 Kirloskar Oil Engines Ltd | 20.5% |
 Mankind Pharma Ltd | 20.1% |
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Karan Doshi
Fund Manager of LIC MF ELSS Tax Saver Fund Direct Growth, since 31 July 2023
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹23.19K Cr
as on 31-Jul-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
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.99% return, outperforming this fund by 10.52% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 39.03% return, outperforming this fund by 18.44% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 64.12% return, outperforming this fund by 26.05%.
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 1.27%.
Over the last 6 months, this fund has experienced a 19.3% growth in AUM moving from 996.32 Cr to 1.18K Cr.
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 16.34% since inception which is less than its category average return of 16.92%
Fund Allocations
This fund has an allocation of 97.14% in Equity, 0% in Debt and 2.86% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4093 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
The current NAV of LIC MF ELSS Tax Saver Fund Direct Growth is ₹175.74 as on 04-Sep-2024.
Existing (Absolute + CAGR) as on 04-Sep-2024.
LIC MF ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.66% | 2.66% |
6 Month Returns | 23.12% | 23.12% |
1 Year Returns | 38.06% | 38.06% |
3 Years Returns | 62.1% | 17.47% |
5 Years Returns | 154.95% | 20.58% |
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0.96% as on August 2024
₹1188 Cr as on August 2024
ICICI Bank Ltd(6.96%), HDFC Bank Ltd(6.23%), Shakti Pumps (India) Ltd(5.36%), Trent Ltd(3.54%), State Bank of India(3.38%) as on August 2024
Financial Services(25.56%), Consumer Cyclical(22.39%), Industrial(16.61%) as on August 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 | 1.32 | 0.79 | -0.47 |
As on August 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 | 0.88 | 0.86 | 0.9 |
As on August 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 | 2.4 | 0.94 | 0.85 |
As on August 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 | 11.18 | 12.42 | 17.86 |
As on August 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 August 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 Fund Direct Growth
The Exit load of LIC MF ELSS Tax Saver Fund Direct Growth is 0%