Fund Details
LIC MF Tax Direct Plan Dividend
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.29% |
| NAV | ₹20.56 (04 Dec 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹277 Cr |
Returns
as per Historical Returns
Comparison
1. Exit load is zero
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 8.3% |
| HDFC Bank Ltd. | Financial | Equity | 8.1% |
| ICICI Bank Ltd. | Financial | Equity | 7.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.9% |
| Avenue Supermarts Ltd. | Services | Equity | 4.1% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.8% |
| Reliance Industries Ltd. | Energy | Equity | 3.6% |
| Bajaj Finance Ltd. | Financial | Equity | 2.5% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.5% |
| Vinati Organics Ltd. | Chemicals | Equity | 2.5% |
Fund Managers
LIC MF Tax Direct Plan Dividend Details
LIC MF Tax Direct Plan Dividend is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Sachin Relekar is the Current Fund Manager of LIC MF Tax Direct Plan Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹277 Cr and the Latest NAV as of 04 Dec 2020 is ₹20.56.
The LIC MF Tax Direct Plan Dividend is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.
Investment Objective
Earlier known as Dhan Tax Saver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Tax Implications
Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.
