LIC MF Equity Savings Fund Direct Growth
Hybrid
Direct
Equity Savings
NAV as on 04-02-2025
₹ 29.49
▲2.2%
1D
Inception Returns
8%
/yr
About 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.
Key Parameters
- LIC MF Equity Savings Fund Direct Growth has ₹20 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
LIC MF Equity Savings Fund Direct Growth has given a CAGR return of 8.04% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.56%, 8.64% and 9.37% respectively.
Holdings
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.
Taxation
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).
Investment objective of LIC MF Equity Savings Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
LIC MF Equity Savings Fund Direct Growth Overview
| Expense ratio | 1.32% |
Benchmark | NIFTY Equity Savings TR INR |
| AUM | ₹20 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 2363.72% |
| 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 |   Moderately High risk |
Trailing Returns
as on (04-Feb-25)
Fund Distribution
as on (30-Nov-24)
- AUM of the fund stands at 20.2 Cr as of Dec'24
- AUM decreased by 0.1 Cr between Dec'24 and Nov'24
Top 3 Sectors in December were Industrial, Financial Services & Basic Materials
Mutual Fund Insights
LIC MF Equity Savings Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹20 Cr
Expense Ratio 1.32%
Frequently Asked Questions for LIC MF Equity Savings Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.53% | -0.53% |
6 Month Returns | 1.44% | 1.44% |
1 Year Returns | 9.56% | 9.56% |
3 Years Returns | 28.22% | 8.64% |
5 Years Returns | 56.46% | 9.37% |
- 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.
AAA | 100 |