LIC MF Multicap Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Multicap Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹291 Cr and the Latest NAV as of 18 Oct 2019 is ₹51.12.
The LIC MF Multicap Fund Direct Growth 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 primary objective of the scheme is to obtain maximum possible capital growth consistent with reasonable levels of safety and security by investing the funds mainly in equities and also in debts and other permitted instruments of capital and money market.
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.