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3 star

LIC MF Tax Plan - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.63 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.22 Lakh

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.

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 24.58 -2.80 -4.35 -5.20 3.27 14.90 34.76 17.65 16.66 12.25 --
S&P BSE 500 TRI 29.06 -2.96 -3.93 -5.18 4.30 13.54 39.43 19.53 17.66 13.02 --
Equity: ELSS 30.39 -2.90 -4.02 -4.73 4.63 14.33 40.72 19.73 17.11 13.46 --
Rank within category 29 12 29 22 28 19 28 25 18 20 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Tax Plan - Direct Plan  | Invest Online
3 star
Jan-13 34.76 17.65 16.66 1.30% 410
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.72 22.21 20.05 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 43.35 25.22 23.24 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 44.28 22.70 17.98 0.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 57.07 22.20 20.40 0.74% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.72 19-Sep-2019 - 26-Sep-2019 -19.32 16-Mar-2020 - 23-Mar-2020
Month 13.11 07-May-2014 - 06-Jun-2014 -35.58 20-Feb-2020 - 23-Mar-2020
Quarter 25.76 24-Sep-2020 - 24-Dec-2020 -33.02 23-Dec-2019 - 23-Mar-2020
Year 69.87 23-Mar-2020 - 23-Mar-2021 -24.27 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.42 20.68 0.80 0.73 0.91 -0.02
S&P BSE 500 TRI 22.08 21.79 0.84 0.93 -- --
Equity: ELSS 22.05 21.37 0.85 0.90 0.95 0.85
Rank within category 25 12 23 27 10 20
Number of funds in category 35 35 35 35 35 35

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

As on 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 51
Top 10 Stocks (%) 50.24
Top 5 Stocks (%) 35.87
Top 3 Sectors (%) 55.01
Portfolio P/B Ratio 5.10
Portfolio P/E Ratio 36.06

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,88,403 1,36,970
Giant (%) 61.49 53.06
Large (%) 12.71 14.68
Mid (%) 23.32 25.08
Small (%) 2.48 7.34
Tiny (%) -- 0.21

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 23.61 9.99 4.76 9.99
equal Infosys Technology 34.03 9.27 1.25 8.54
equal HDFC Bank Financial 24.13 8.96 6.44 7.29
equal Avenue Supermarts Services 222.46 5.79 2.45 5.03
equal Tata Consultancy Services Technology 34.84 5.89 2.55 5.02
down Bajaj Finance Financial 82.53 6.40 2.55 3.54
equal Reliance Industries Energy 31.22 4.04 0.00 3.02
equal Kotak Mahindra Bank Financial 38.99 4.27 2.61 2.96
equal Bharti Airtel Communication 143.20 3.41 0.00 2.66
equal HCL Technologies Technology 26.06 2.45 0.00 2.19
equal Tata Consumer Products FMCG 97.47 2.86 0.00 2.17
equal Titan Company Consumer Durable 116.40 2.04 0.00 2.04
equal Brigade Enterprises Construction -- 2.54 0.91 2.03
equal Atul Chemicals 36.33 2.45 0.00 1.89
equal Hindustan Unilever FMCG 65.30 3.76 1.82 1.82
equal Divi's Laboratories Healthcare 61.32 2.09 0.00 1.72
equal Aditya Birla Fashion and Retail Services -- 2.68 0.00 1.69
equal Voltas Consumer Durable 64.98 1.92 0.82 1.64
down Tata Chemicals Chemicals 31.90 3.33 1.05 1.62
equal Ipca Laboratories Healthcare 26.00 3.46 0.00 1.57
down The Indian Hotels Company Services -- 2.52 0.00 1.48
equal Vinati Organics Chemicals 66.53 3.85 1.42 1.48
equal Biocon Healthcare 67.56 1.68 0.00 1.34
equal Axis Bank Financial 20.29 2.32 0.00 1.32
down Hikal Healthcare 33.32 1.59 0.00 1.18

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-Oct-2021

Fund Manager

— Yogesh Patil since 18-Sep-2020

Education: Mr. Patil is an MBA (Finance).

Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.

Funds Managed:


-2.80%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 107.2396

IDCW: ₹ 25.8264


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.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 15.30%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 410 Cr (As on 31-Oct-2021)
Expense: 1.30% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 13.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW28-Sep-20210.2500

 29-Jun-20210.2500
 26-Mar-20210.2500
 30-Dec-20200.2500
 30-Sep-20200.2500
 31-Dec-20190.2214
 26-Jun-20190.2214
 26-Mar-20190.1328
 25-Feb-20190.1328
 26-Dec-20180.2435
 25-Sep-20180.2435
 27-Jun-20180.2435
 26-Mar-20180.2500
 15-Mar-20180.5000
 27-Dec-20170.2500
 28-Sep-20170.2500
 28-Jun-20170.2500
 22-Feb-20171.0000
 08-Dec-20150.5000
 16-Dec-20141.1500

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: http://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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