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Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹175.0007 0.16%
As on 09-Sep-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
LIC MF ELSS Tax Saver - Direct Plan
|
|
|
Very High
|
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0.96 |
|
 |
|
Very High
|
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0.95 |
||
 |
|
Very High
|
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0.69 |
||
|
|
Very High
|
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1.09 |
||
|
|
Very High
|
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0.65 |
₹1,192 Cr
--
500
500
1,000
12
Investment Strategy
Earlier known as Dhan Tax Saver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Suitability
"When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Capital Gains Taxation
Dividend Taxation
1 min read•By News Desk
1 min read•By News Desk
LIC MF ELSS Tax Saver - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, LIC MF ELSS Tax Saver - Direct Plan fund can be purchased from the website of LIC Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of LIC MF ELSS Tax Saver - Direct Plan is ₹175.0007 as of 10-Sep-2024.
The AUM of LIC MF ELSS Tax Saver - Direct Plan Fund is ₹1,192 Cr as of 31-Aug-2024
The riskometer level of LIC MF ELSS Tax Saver - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
7.02
|
|
|
6.29
|
|
|
5.59
|
|
|
4.33
|
|
|
3.35
|
As of 31-Aug-2024, LIC MF ELSS Tax Saver - Direct Plan had invested 97.98% in Equity and 2% in Cash & Cash Eq. See More
LIC MF ELSS Tax Saver - Direct Plan is 11 years 8 months old. It has delivered 17.33% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
35.17%
|
17.78%
|
20.50%
|
15.29%
|
15.14%
|
17.33%
|
Yes, There is lock in period in LIC MF ELSS Tax Saver - Direct Plan.
The expense ratio of LIC MF ELSS Tax Saver - Direct Plan is 0.96.
Mutual Funds 
LIC MF LIC MF ELSS Tax Saver - Direct Plan
