Hybrid
Direct
Equity Savings
NAV as on 06-09-2024
₹ 29.38
1D
Inception Returns
8.3%
/yr
LIC MF Equity Savings Fund Direct Growth 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.
LIC MF Equity Savings Fund Direct Growth has given a CAGR return of 8.31% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.10%, 9.30% and 10.92% respectively.
LIC MF Equity Savings Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Tech, Consumer Defensive, Consumer Cyclical, Health, Corporate, Utilities, Energy, Government, Real Estate.
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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains 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 1000.00. LIC MF Equity Savings Fund Direct Growth has no lock in period.
Expense ratio | 0.99% |
Benchmark | NIFTY Equity Savings TR INR |
AUM | ₹19 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 2363.72% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Moderately High risk |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Basic Materials & Industrial
LIC MF Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.78% | 2.78% |
6 Month Returns | 7.87% | 7.87% |
1 Year Returns | 16.1% | 16.1% |
3 Years Returns | 30.57% | 9.3% |
5 Years Returns | 67.92% | 10.92% |
AAA | 100 |