LIC MF Large & Mid Cap Fund Direct Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 25 Feb 2015. Sachin Relekar is the Current Fund Manager of LIC MF Large & Mid Cap Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹569 Cr and the Latest NAV as of 15 Nov 2019 is ₹16.88.
The LIC MF Large & Mid Cap Fund Direct Growth is rated 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..
Investment Objective
To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of midcap companies. However there can be no assurance that the investment objective of the scheme will be achieved.
Tax Implications
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)
₹5000
Min for First Investment
₹500
Min for Second Investment
For units more than 12% of the investments, an exit load of 1% if redeemed within 12 months.
Exit Load