How to Invest in LIC MF Equity Savings Fund Direct Growth?

You can easily invest in LIC MF Equity Savings Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for LIC MF Equity Savings Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in LIC MF Equity Savings Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Equity Savings Fund Direct Growth provide?

The LIC MF Equity Savings Fund Direct Growth has been there from 04 Jan 2013 and the average annual returns provided by this fund is 10.81% since its inception.

How much expense ratio is charged by LIC MF Equity Savings Fund Direct Growth?

The term Expense Ratio used for LIC MF Equity Savings Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of LIC MF Equity Savings Fund Direct Growth is 1.00% as of 30 Sep 2023...

What is the AUM of LIC MF Equity Savings Fund Direct Growth?

The AUM, short for Assets Under Management of LIC MF Equity Savings Fund Direct Growth is ₹10.03Cr as of 30 Sep 2023.

How to Redeem LIC MF Equity Savings Fund Direct Growth?

If you want to sell your LIC MF Equity Savings Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of LIC MF Equity Savings Fund Direct Growth?

You can select either SIP or Lumpsum investment of LIC MF Equity Savings Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of LIC MF Equity Savings Fund Direct Growth?

The NAV of LIC MF Equity Savings Fund Direct Growth is ₹25.48 as of 29 Sep 2023.

What is the PE and PB ratio of LIC MF Equity Savings Fund Direct Growth?

The PE ratio ratio of LIC MF Equity Savings Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

LIC MF Equity Savings Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

LIC MF Equity Savings Fund Direct Growth
Hybrid
Equity Savings
Moderately High Risk
11.29%
3Y annualised
+0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 29 Sep 2023₹25.48
Min. SIP amount₹500
Rating1
Fund size₹10.03Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Equity Savings
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns10.8%11.3%8.6%7.6%
Category average10.9%11.2%8.0%NA
Rank with in category141513NA
Understand terms
Holdings (35)NameSectorInstrumentAssets
GOI
SovereignGOI Sec10.2%
LIC MF Liquid Fund - Direct Plan
NAMutual Fund8.0%
ICICI Bank Ltd.
FinancialEquity7.6%
Tata Steel Ltd.
Metals & MiningEquity6.7%
Tata Consultancy Services Ltd.
TechnologyEquity4.7%
HDFC Bank Ltd.
FinancialEquity4.5%
Siemens Ltd.
Capital GoodsEquity4.3%
State Bank of India
FinancialEquity3.4%
Reliance Industries Ltd.
EnergyEquity3.1%
DCB Bank Ltd.
FinancialEquity3.0%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Hybrid Equity Savings
Pros
Cons
3Y and 5Y annualised returns higher than category average
1Y and 10Y annualised returns lower than category average
Low rating: 1
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Sep 2023 - Present
1.00%
23 Sep 2023 - 24 Sep 2023
1.00%
22 Sep 2023 - 23 Sep 2023
1.00%
21 Sep 2023 - 22 Sep 2023
1.00%
20 Sep 2023 - 21 Sep 2023
1.04%
19 Sep 2023 - 20 Sep 2023
1.04%
18 Sep 2023 - 19 Sep 2023
1.04%
17 Sep 2023 - 18 Sep 2023
1.04%
16 Sep 2023 - 17 Sep 2023
1.04%
15 Sep 2023 - 16 Sep 2023
1.04%
14 Sep 2023 - 15 Sep 2023
1.06%
13 Sep 2023 - 14 Sep 2023
1.06%
12 Sep 2023 - 13 Sep 2023
1.06%
11 Sep 2023 - 12 Sep 2023
1.06%
10 Sep 2023 - 11 Sep 2023
1.06%
09 Sep 2023 - 10 Sep 2023
1.06%
08 Sep 2023 - 09 Sep 2023
1.06%
07 Sep 2023 - 08 Sep 2023
1.06%
06 Sep 2023 - 07 Sep 2023
1.06%
05 Sep 2023 - 06 Sep 2023
1.06%
04 Sep 2023 - 05 Sep 2023
1.06%
03 Sep 2023 - 04 Sep 2023
1.06%
02 Sep 2023 - 03 Sep 2023
1.06%
01 Sep 2023 - 02 Sep 2023
1.06%
31 Aug 2023 - 01 Sep 2023
1.06%
31 Jul 2023 - 31 Aug 2023
1.15%
Expense ratio, exit load and taxExpense ratio: 1.00%Inclusive of GST
Exit loadExit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementJaiprakash Toshniwal
Jul 2023 - Present
View details
Education
Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.
Also manages these schemes
LIC MF Flexi Cap Fund IDCW
LIC MF Flexi Cap Fund Growth
LIC MF Large Cap Fund IDCW
LIC MF S&P BSE Sensex Fund IDCW
LIC MF S&P BSE Sensex Fund Growth
LIC MF Nifty 50 Index Fund IDCW
LIC MF Nifty 50 Index Fund Growth
LIC MF Large Cap Fund Growth
LIC MF Flexi Cap Fund Direct IDCW
LIC MF Flexi Cap Fund Direct Growth
LIC MF Large Cap Fund Direct Growth
LIC MF Large Cap Fund Direct IDCW
LIC MF Nifty 50 Index Fund Direct Growth
LIC MF S&P BSE Sensex Fund Direct Growth
LIC MF Nifty 50 Index Fund Direct IDCW
LIC MF S&P BSE Sensex Fund Direct IDCW
LIC MF Banking & Financial Services Fund Direct IDCW
LIC MF Banking & Financial Services Fund Regular IDCW
LIC MF Banking & Financial Services Fund Regular Growth
LIC MF Banking & Financial Services Fund Direct Growth
LIC MF Nifty 50 ETF IDCW
LIC MF S&P BSE Sensex ETF Growth
LIC MF Nifty 100 ETF Growth
LIC MF Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Direct IDCW Weekly
LIC MF Arbitrage Fund Regular IDCW Monthly
LIC MF Arbitrage Fund Regular IDCW Weekly
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
LIC MF Balanced Advantage Fund Regular IDCW
LIC MF Balanced Advantage Fund Regular Growth
LIC MF Balanced Advantage Fund Direct IDCW
LIC MF Balanced Advantage Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Growth
LIC MF Nifty Next 50 Index Fund IDCW
LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct IDCW
LIC MF Equity Savings Fund IDCW Monthly
LIC MF Equity Savings Fund Growth
LIC MF Equity Savings Fund IDCW Quarterly
LIC MF Equity Savings Fund Direct Growth
LIC MF Equity Savings Fund Direct IDCW Monthly
LIC MF Focused 30 Equity Fund Regular IDCW
LIC MF Focused 30 Equity Fund Direct IDCW
LIC MF Focused 30 Equity Fund Regular Growth
LIC MF Focused 30 Equity Fund Direct Growth
LIC MF Long Term Value Fund Regular Growth
LIC MF Long Term Value Fund Regular IDCW
LIC MF Long Term Value Fund Direct Growth
Pratik Harish Shroff
Sep 2023 - Present
View details
Education
Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience
Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
Also manages these schemes
LIC MF Medium to Long Duration Bond Fund IDCW
LIC MF Medium to Long Duration Bond Fund Growth
LIC MF Gilt Fund IDCW
LIC MF Gilt Fund Growth
LIC MF Gilt PF Plan IDCW
LIC MF Gilt PF Plan Growth
LIC MF Aggressive Hybrid Fund IDCW
LIC MF Aggressive Hybrid Fund Growth
LIC MF Unit Linked Insurance Scheme
LIC MF Children's Gift Fund Growth
LIC MF Conservative Hybrid Fund IDCW Monthly
LIC MF Conservative Hybrid Fund IDCW Quarterly
LIC MF Conservative Hybrid Fund IDCW Yearly
LIC MF Conservative Hybrid Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Daily
LIC MF Banking & PSU Debt Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Monthly
LIC MF Banking & PSU Debt Fund IDCW Weekly
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Aggressive Hybrid Fund Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct IDCW Quarterly
LIC MF Conservative Hybrid Fund Direct IDCW Yearly
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct IDCW Monthly
LIC MF Medium to Long Duration Bond Fund Direct IDCW
LIC MF Medium to Long Duration Bond Fund Direct Growth
LIC MF Gilt Fund Direct Growth
LIC MF Gilt Fund Direct IDCW
LIC MF Children's Gift Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Weekly
LIC MF Banking & PSU Debt Fund Direct IDCW Daily
LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Monthly
LIC MF Nifty 8 13 yr G Sec Term Exchange Traded Fund Growth
LIC MF Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Regular IDCW Monthly
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Duration Fund Regular Growth
LIC MF Short Duration Fund Direct Growth
LIC MF Equity Savings Fund IDCW Monthly
LIC MF Equity Savings Fund Growth
LIC MF Equity Savings Fund IDCW Quarterly
LIC MF Equity Savings Fund Direct Growth
LIC MF Equity Savings Fund Direct IDCW Monthly
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
Date of Incorporation20 Apr 1994
 LIC MF Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Alok Ranjan is the Current Fund Manager of LIC MF Equity Savings Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 29 Sep 2023 is ₹25.48.
The LIC MF Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
;
Investment ObjectiveThe scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.
;
Fund benchmarkNIFTY Equity Savings Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
Launch Date
20 Apr 1994
E-mail
[email protected]
Website
www.licmf.com
LIC Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
LIC MF Equity Savings Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	10.8%	11.3%	8.6%	7.6%
Category average	10.9%	11.2%	8.0%	NA
Rank with in category	14	15	13	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	10.2%
LIC MF Liquid Fund - Direct Plan	NA	Mutual Fund	8.0%
ICICI Bank Ltd.	Financial	Equity	7.6%
Tata Steel Ltd.	Metals & Mining	Equity	6.7%
Tata Consultancy Services Ltd.	Technology	Equity	4.7%
HDFC Bank Ltd.	Financial	Equity	4.5%
Siemens Ltd.	Capital Goods	Equity	4.3%
State Bank of India	Financial	Equity	3.4%
Reliance Industries Ltd.	Energy	Equity	3.1%
DCB Bank Ltd.	Financial	Equity	3.0%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY Equity Savings Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Contact Us
PRODUCTS
StocksFutures & OptionsMutual FundsCredit
GROWW
About UsPricingBlogMedia & PressCareersHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww DigestSitemap
ⓒ 2016-2023 Groww. All rights reserved, Built with ♥in India

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	1
Fund size	₹10.03Cr

LIC MF Equity Savings Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (35)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.00%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Jaiprakash ToshniwalJul 2023 - PresentView details

Pratik Harish ShroffSep 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Jaiprakash Toshniwal
Jul 2023 - Present
View details

Pratik Harish Shroff
Sep 2023 - Present
View details