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LIC MF Tax Plan


1 Lakh

Investment Grown to
₹ 1.50 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.29 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.80 0.40 2.21 2.89 8.12 11.90 17.65 14.45 8.75 13.63 10.32
Equity: ELSS 2.60 0.18 1.57 3.12 7.16 7.23 11.68 11.37 8.11 13.33 11.13
Rank within category 15 4 2 25 10 4 6 4 12 13 18
Number of funds in category 38 38 38 38 37 36 35 34 29 28 27

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 31.77 (11-May-2009 - 10-Jun-2009) -38.44 (09-Feb-2001 - 13-Mar-2001)
Quarter 74.12 (09-Mar-2009 - 10-Jun-2009) -51.62 (11-Jan-2001 - 12-Apr-2001)
Year 132.55 (24-Apr-2003 - 23-Apr-2004) -58.91 (14-Jan-2008 - 13-Jan-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.89 13.42 0.68 1.01 0.95 1.47
Equity: ELSS 12.04 13.32 0.48 0.70 0.95 -1.40
Rank within category 6 23 4 3 19 4
Number of funds in category 34 34 34 34 34 34

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 37
Top 10 Stocks (%) 48.31
Top 5 Stocks (%) 29.27
Top 3 Sectors (%) 60.44
Portfolio P/B Ratio 4.06
Portfolio P/E Ratio 31.09

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,01,612 98,037
Giant (%) 58.19 52.66
Large (%) 2.83 14.56
Mid (%) 34.91 24.99
Small (%) 4.07 8.12
Tiny (%) -- 0.23

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
down HDFC Bank Financial 26.64 8.34 5.09 7.23
down ICICI Bank Financial 66.86 6.44 0.00 6.44
down Bajaj Finance Financial 51.56 5.94 0.00 5.46
equal Infosys Technology 20.00 5.68 0.93 5.29
equal Tata Consultancy Services Technology 25.67 5.36 0.00 4.85
equal City Union Bank Financial 24.52 4.79 2.30 4.62
down Bajaj Finserv Financial 41.37 4.94 0.00 4.04
equal Avenue Supermarts Services 102.26 4.07 0.00 3.58
equal Reliance Industries Energy 23.10 4.32 0.00 3.52
down Kotak Mahindra Bank Financial 39.46 4.37 2.29 3.28
equal Cholamandalam Invest. & Fin. Financial 20.89 3.35 0.00 3.09
equal Bata India FMCG 63.27 3.01 0.00 2.79
equal Aditya Birla Fashion and Retail Services 60.51 2.55 0.00 2.55
equal Tata Chemicals Chemicals 15.56 3.70 1.96 2.50
equal Hindustan Unilever FMCG 67.70 3.17 0.00 2.50
equal Vinati Organics Chemicals 31.66 3.96 2.29 2.43
equal Brigade Enterprises Construction 25.06 2.54 0.71 2.39
equal Indian Hotels Services 48.83 2.52 0.00 2.38
equal Kansai Nerolac Paints Chemicals 50.86 2.54 0.00 2.28
equal Axis Bank Financial 46.94 4.21 0.00 2.27
equal HDFC Financial 34.95 3.06 0.00 1.99
equal L&T Finance Holdings Financial 13.70 1.80 0.00 1.73
equal Info Edge (India) Services 146.94 1.75 0.00 1.64
equal Maruti Suzuki India Automobile 37.39 5.00 1.24 1.40
equal Voltas Cons Durable 47.40 1.51 0.00 1.34

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-Dec-2019

Fund Manager

— Sachin Relekar since 06-Mar-2015

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:


0.40%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 75.0441

Dividend: ₹ 18.7155


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 (₹) --
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 31-Mar-1997
Return Since Launch: 9.24%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 263 Cr (As on 31-Dec-2019)
Expense: 2.60% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend31-Dec-20190.2214

 25-Sep-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
 30-Oct-20071.5000
 18-May-20071.0000
 23-Oct-20062.5000
 10-Mar-20062.0000
 25-Aug-20051.0000
 14-Mar-20053.0000
 26-Mar-20042.0000

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM