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LIC MF Infrastructure Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.21 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.71 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of companies engaged in infrastructure-related activities or are expected to benefit from them.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other infrastructure fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -5.97 -2.71 -6.10 -6.65 -5.29 5.60 11.12 6.64 3.56 10.20 --
S&P BSE India Infrastructure TRI -8.03 -1.76 -5.47 -8.52 -9.87 -6.19 -10.88 -5.75 -1.00 6.67 --
Equity: Sectoral-Infrastructure -4.72 -3.06 -7.09 -7.81 -5.18 3.07 3.41 2.28 3.93 11.46 --
Rank within category 13 6 4 7 11 7 2 2 12 11 --
Number of funds in category 20 20 20 20 20 20 20 20 18 17 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.78 (03-Sep-2013 - 10-Sep-2013) -9.37 (17-Aug-2015 - 24-Aug-2015)
Month 23.83 (07-May-2014 - 06-Jun-2014) -15.76 (07-Aug-2015 - 07-Sep-2015)
Quarter 38.72 (17-Feb-2014 - 19-May-2014) -21.23 (29-May-2013 - 28-Aug-2013)
Year 78.32 (03-Sep-2013 - 03-Sep-2014) -26.09 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 10.80 15.08 0.34 0.53 0.74 9.61
S&P BSE India Infrastructure TRI -0.35 18.74 -0.32 -0.49 -- --
Equity: Sectoral-Infrastructure 7.66 17.72 0.13 0.21 0.87 7.23
Rank within category 2 1 2 3 3 3
Number of funds in category 20 20 20 20 20 20

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 22
Top 10 Stocks (%) 63.78
Top 5 Stocks (%) 39.11
Top 3 Sectors (%) 74.94
Portfolio P/B Ratio 2.56
Portfolio P/E Ratio 23.88

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 77,930 36,909
Giant (%) 55.58 32.88
Large (%) 3.33 12.96
Mid (%) 25.83 26.47
Small (%) 15.26 28.37
Tiny (%) -- 1.52

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 33.85 10.08 5.17 9.48
equal HDFC Bank Financial 24.57 9.81 8.17 9.02
equal City Union Bank Financial 21.22 7.46 3.39 7.36
equal Reliance Industries Energy 19.42 7.59 0.00 7.01
equal The Ramco Cements Construction 28.88 6.34 4.51 6.24
equal Bharti Airtel Communication -- 6.06 2.82 6.06
equal SKF India Engineering 31.17 5.74 3.31 5.37
equal KNR Constructions Construction 12.86 5.04 0.00 5.04
equal Brigade Enterprises Construction 25.22 4.21 1.37 4.21
equal State Bank of India Financial 23.02 6.54 3.48 3.99
equal Axis Bank Financial 41.06 5.33 0.00 3.96
equal HDFC Financial 17.28 3.85 0.00 3.85
equal JK Lakshmi Cement Construction 19.05 3.77 2.51 3.19
equal Hindalco Inds. Metals 8.21 4.00 0.00 3.09
equal Larsen & Toubro Construction 17.00 4.40 2.36 2.86
equal Container Corp. Services 68.46 3.05 1.71 2.79
equal Ultratech Cement Construction 34.49 3.66 1.83 2.56
equal ACC Construction 18.01 2.40 1.75 2.18
equal Sadbhav Engineering Construction -- 4.21 1.42 1.71
equal Coal India Energy 5.73 2.26 1.42 1.42
equal Indian Oil Corp. Energy 7.71 3.24 0.00 0.86
equal Tata Consultancy Services Technology 23.16 0.50 0.00 0.45

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Sachin Relekar since 01-Mar-2013

Education: Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.

Experience: Prior to joining LIC Mutual Fund he has worked with Sundaram Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.

Funds Managed:


-2.71%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 15.2471

Dividend: ₹ 15.0821


Investment Strategy

The scheme aims to invest in equity/equity related securities of the companies which are engaged either directly or indirectly in the infrastructure sector.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load For units in excess of 12% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 8.49%
Benchmark: NIFTY Infrastructure TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 55 Cr (As on 31-Jan-2020)
Expense: 1.21% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: Average
Turnover: 5.00%

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

Address: Industrial Assurance Building 4th Floor, Opp. Churchgate Station Mumbai - 400020

Phone: 022-66016000 / 1800-258-5678

Fax: 022-22880633

Email: [email protected]

Website: www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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