Fund Details
LIC MF Tax Direct Plan IDCW
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.29% |
| NAV | ₹22.03 (07 May 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹339 Cr |
Returns
Comparison
1. 3Y Returns are higher than the category average returns
2. 5Y Returns are higher than the category average returns
3. Exit load is zero
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 | 8.9% |
| ICICI Bank Ltd. | Financial | Equity | 8.9% |
| HDFC Bank Ltd. | Financial | Equity | 8.2% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.9% |
| Avenue Supermarts Ltd. | Services | Equity | 3.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 3.6% |
| Bajaj Finance Ltd. | Financial | Equity | 3.0% |
| Reliance Industries Ltd. | Energy | Equity | 2.9% |
| Tata Chemicals Ltd. | Chemicals | Equity | 2.7% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.5% |
Fund Managers
LIC MF Tax Direct Plan IDCW Details
LIC MF Tax Direct Plan IDCW 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 IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹339 Cr and the Latest NAV as of 07 May 2021 is ₹22.03.
The LIC MF Tax Direct Plan IDCW is rated Very 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%.
