LIC MF Equity Hybrid Fund Direct Dividend is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 02 Jan 2013. Marzban Irani, Ramnath Venkateswaran is the Current Fund Manager of LIC MF Equity Hybrid Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹404 Cr and the Latest NAV as of 21 Jan 2020 is ₹15.24.
The LIC MF Equity Hybrid Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months..
The Scheme aims to provide regular flow of dividend and capital appreciation especially when the unit are held for a longer period.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.