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3 star

LIC MF Tax Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.55 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.94 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 -2.82 -1.48 -4.79 -1.05 -5.79 7.30 24.22 15.73 13.58 9.59 13.94
S&P BSE 500 TRI -2.01 -1.02 -4.41 -0.23 -5.12 8.17 28.54 19.22 16.05 12.10 15.06
Equity: ELSS* -1.12 0.87 -4.60 1.13 -2.70 7.56 27.81 19.06 14.91 11.62 15.91
Rank within category 30 35 27 30 31 20 29 25 19 21 23
Number of funds in category 37 37 37 37 37 37 37 34 33 29 27

As on 27-Jan-2022

* As on 25-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Tax Plan  | Invest Online
3 star
Mar-97 24.22 15.73 13.58 2.54% 408
Axis Long Term Equity Fund
4 star
Dec-09 18.18 18.75 16.36 1.64% 33,785
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 31.03 23.35 19.87 1.77% 10,660
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 33.88 22.19 15.78 1.78% 9,636
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 43.29 22.84 17.95 1.96% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 22.82 27-Oct-2008 - 04-Nov-2008 -22.43 15-Jan-2008 - 22-Jan-2008
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 16.74 20.71 0.63 0.58 0.91 -2.01
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 19.35 21.47 0.73 0.78 0.95 -0.12
Rank within category 27 12 24 29 10 24
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-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 50
Top 10 Stocks (%) 50.21
Top 5 Stocks (%) 36.18
Top 3 Sectors (%) 54.96
Portfolio P/B Ratio 4.96
Portfolio P/E Ratio 34.04

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,91,010 1,38,142
Giant (%) 62.12 54.34
Large (%) 13.89 14.65
Mid (%) 21.51 24.51
Small (%) 2.47 6.65
Tiny (%) -- 0.25

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 Infosys Technology 32.96 9.42 4.72 9.42
equal ICICI Bank Financial 24.77 9.99 4.86 9.26
equal HDFC Bank Financial 22.70 8.96 6.44 6.85
equal Tata Consultancy Services Technology 35.86 5.89 3.26 5.55
equal Avenue Supermarts Services 177.90 5.79 2.45 5.10
equal Bajaj Finance Financial 69.48 6.40 2.55 3.36
equal Reliance Industries Energy 27.40 4.04 0.00 2.83
equal Bharti Airtel Communication 137.33 3.41 0.00 2.67
equal Kotak Mahindra Bank Financial 37.54 4.27 2.61 2.63
equal HCL Technologies Technology 26.57 2.54 0.00 2.54
equal Titan Company Consumer Durable 117.34 2.17 0.00 2.17
equal Brigade Enterprises Construction -- 2.54 0.91 2.16
equal Tata Consumer Products FMCG 89.58 2.86 0.00 2.00
equal Atul Chemicals 41.17 2.45 0.00 1.88
equal Hindustan Unilever FMCG 61.63 3.76 1.81 1.81
equal Aditya Birla Fashion and Retail Services -- 2.68 0.00 1.75
equal Axis Bank Financial 18.76 2.32 0.00 1.71
equal Voltas Consumer Durable 66.90 1.92 0.82 1.66
equal Tata Chemicals Chemicals 34.00 3.13 1.05 1.62
equal Ipca Laboratories Healthcare 25.98 3.46 0.00 1.60
equal Divi's Laboratories Healthcare 48.98 2.09 0.00 1.57
equal Biocon Healthcare 65.16 1.68 0.00 1.40
down Vinati Organics Chemicals 68.87 3.70 1.34 1.34
equal Asian Paints Chemicals 98.71 1.27 0.00 1.25
equal Trent Services 526.91 2.25 0.00 1.24

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-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:


-1.48%

Change from previous, NAV as on 27-Jan-2022

Growth: ₹ 97.5394

IDCW: ₹ 22.1740


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

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

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 31-Mar-1997
Return Since Launch: 9.60%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 408 Cr (As on 31-Dec-2021)
Expense: 2.54% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 12.00%

Most Recent Dividends

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

 28-Sep-20210.2500
 29-Jun-20210.2500
 26-Mar-20210.2500
 30-Dec-20200.2500
 30-Sep-20200.2500
 26-Jun-20200.2500
 31-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

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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