|Min SIP Amount||₹1000|
|NAV||₹16.50 (04 Dec 2020)|
|Fund Started||25 Feb 2015|
|Fund Size||₹792 Cr|
|HDFC Bank Ltd.||Financial||Equity||6.5%|
|ICICI Bank Ltd.||Financial||Equity||6.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||3.5%|
|Avenue Supermarts Ltd.||Services||Equity||3.4%|
|Tata Consumer Products Ltd.||FMCG||Equity||3.3%|
|Reliance Industries Ltd.||Energy||Equity||3.2%|
|Ipca Laboratories Ltd.||Healthcare||Equity||3.1%|
|Tata Chemicals Ltd.||Chemicals||Equity||2.9%|
|Voltas Ltd.||Cons Durable||Equity||2.8%|
LIC MF Large & Mid Cap Fund Direct Dividend is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 25 Feb 2015. Sachin Relekar is the Current Fund Manager of LIC MF Large & Mid Cap Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹792 Cr and the Latest NAV as of 04 Dec 2020 is ₹16.50.
The LIC MF Large & Mid Cap Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 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 seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
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.