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3 star

LIC MF Tax Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 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 -6.88 0.59 1.84 6.08 8.91 22.95 -2.03 3.64 6.98 12.05 7.76
S&P BSE 500 TRI 0.39 0.39 1.71 6.40 7.73 29.31 4.79 4.35 8.63 12.32 8.16
Equity: ELSS -0.42 0.45 1.77 5.74 7.49 25.36 3.01 2.36 7.25 13.10 8.87
Rank within category 33 10 16 17 10 29 30 14 18 19 21
Number of funds in category 38 38 38 38 38 38 37 34 30 29 27

As on 23-Oct-2020

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 -2.03 3.64 6.98 2.53 269
Axis Long Term Equity Fund
4 star
Dec-09 0.22 6.76 9.05 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 4.09 2.41 8.09 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 0.81 3.27 9.29 1.86 6,178
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 11.03 8.00 -- 1.77 4,270

Best & Worst Performance

Best (Period) Worst (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 5.93 21.13 0.04 0.04 0.92 -0.55
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 10 15 10 10 9 10
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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 41
Top 10 Stocks (%) 49.43
Top 5 Stocks (%) 31.26
Top 3 Sectors (%) 49.45
Portfolio P/B Ratio 4.14
Portfolio P/E Ratio 21.87

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,11,990 93,415
Giant (%) 57.16 50.27
Large (%) 13.02 15.96
Mid (%) 28.54 25.18
Small (%) 1.28 8.58
Tiny (%) -- 0.14

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 Infosys Technology 26.76 8.26 0.93 8.18
equal HDFC Bank Financial 23.00 8.34 5.09 7.59
equal Bajaj Finance Financial 44.53 6.40 0.00 5.96
equal ICICI Bank Financial 28.27 6.44 0.00 4.97
equal Tata Consultancy Services Technology 32.89 5.36 0.00 4.56
equal Avenue Supermarts Services 153.04 5.79 0.00 4.56
equal Reliance Industries Energy 33.63 4.32 0.00 4.04
equal Ipca Laboratories Healthcare 29.87 3.46 0.00 3.46
equal Kotak Mahindra Bank Financial 32.16 4.04 2.90 3.22
equal Vinati Organics Chemicals 39.92 3.96 2.15 2.89
equal Tata Consumer Products FMCG 85.93 2.86 0.00 2.67
equal Hindustan Unilever FMCG 71.87 3.76 0.00 2.63
equal Bata India FMCG 136.45 3.09 0.00 2.54
up Bharti Airtel Communication -- 3.41 0.00 2.49
equal Atul Chemicals 28.49 2.45 0.00 2.45
equal Trent Services -- 2.25 0.00 2.21
equal Divi's Laboratories Healthcare 51.01 2.09 0.00 2.03
equal Voltas Cons Durable 53.88 1.92 0.00 1.92
equal United Spirits FMCG 177.47 2.51 0.00 1.81
equal Tata Chemicals Chemicals 1.17 3.70 1.05 1.71
equal Maruti Suzuki India Automobile 53.25 4.81 1.03 1.60
equal Titan Company Cons Durable 132.41 1.57 0.00 1.57
equal Mahindra & Mahindra Automobile -- 3.12 0.00 1.46
equal Info Edge (India) Services -- 1.75 0.00 1.45
equal Page Industries Textiles 118.09 1.52 0.00 1.43

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 30-Sep-2020

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:


0.59%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 67.9751

Dividend: ₹ 16.4071


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: 8.47%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 269 Cr (As on 30-Sep-2020)
Expense: 2.53% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 102.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend30-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
 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: 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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