LIC MF ELSS Tax Saver Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
17.07%
3Y annualised
+1.28% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Mar 2024₹142.47
Min. SIP amount₹500
Rating2
Fund size₹996.32Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns31.7%17.1%16.3%16.1%
Category average38.8%19.0%18.5%NA
Rank with in category333028NA
Understand terms

Holdings (56)

NameSectorInstrumentAssets
FinancialEquity7.35%
FinancialEquity6.80%
TechnologyEquity3.46%
FinancialEquity3.38%
FinancialEquity2.97%
FinancialEquity2.95%
ServicesEquity2.61%
ConstructionEquity2.43%
Consumer DiscretionaryEquity2.43%
ChemicalsEquity2.24%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.58%
Lock-in period: 3Y
10Y annualised returns higher than category average by 0.07%
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.58%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Karan Doshi
Jul 2023 - Present
View details

Education
Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Also manages these schemes

Dikshit Mittal
Jul 2023 - Present
View details

Education
Mr. Mittal is a MBA (Finance) - ICFAI Busines School, Hyderabad. B-Tech (Chemical) - Punjab Technical University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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