How to Invest in LIC MF ELSS Direct IDCW?

You can easily invest in LIC MF ELSS Direct IDCW 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 ELSS Direct IDCW 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 ELSS Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF ELSS Direct IDCW provide?

The LIC MF ELSS Direct IDCW has been there from 02 Jan 2013 and the average annual returns provided by this fund is 12.13% since its inception.

How much expense ratio is charged by LIC MF ELSS Direct IDCW?

The term Expense Ratio used for LIC MF ELSS Direct IDCW 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 ELSS Direct IDCW is 1.29% as of 24 Sep 2023...

What is the AUM of LIC MF ELSS Direct IDCW?

The AUM, short for Assets Under Management of LIC MF ELSS Direct IDCW is ₹955.94Cr as of 24 Sep 2023.

How to Redeem LIC MF ELSS Direct IDCW?

If you want to sell your LIC MF ELSS Direct IDCW 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 ELSS Direct IDCW?

You can select either SIP or Lumpsum investment of LIC MF ELSS Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of LIC MF ELSS Direct IDCW?

The NAV of LIC MF ELSS Direct IDCW is ₹28.52 as of 22 Sep 2023.

What is the PE and PB ratio of LIC MF ELSS Direct IDCW?

The PE ratio ratio of LIC MF ELSS Direct IDCW 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 ELSS Direct IDCW - NAV, Mutual Fund Performance & Portfolio

LIC MF ELSS Direct IDCW
Equity
ELSS
Very High Risk
Payout
3Y Lock In
22.40%
3Y annualised
-0.23% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 22 Sep 2023₹28.52
Min. SIP amount₹500
Rating2
Fund size₹955.94Cr
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: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns12.1%22.4%13.3%14.3%
Category average14.8%23.7%13.8%NA
Rank with in category262423NA
Understand terms
Holdings (57)NameSectorInstrumentAssets
ICICI Bank Ltd.
FinancialEquity7.6%
HDFC Bank Ltd.
FinancialEquity7.6%
Axis Bank Ltd.
FinancialEquity4.7%
Infosys Ltd.
TechnologyEquity3.7%
Cholamandalam Investment and Finance Company Ltd.
FinancialEquity3.1%
State Bank of India
FinancialEquity2.6%
PI Industries Ltd.
ChemicalsEquity2.4%
ABB India Ltd.
Capital GoodsEquity2.2%
Titan Company Ltd.
Consumer DiscretionaryEquity2.1%
Larsen & Toubro Ltd.
ConstructionEquity2.0%
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: Equity ELSS
Pros
Cons
Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lower expense ratio: 1.29%
Lock-in period: 3Y
Low rating: 2
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
31 Aug 2023 - Present
1.29%
31 Jul 2023 - 31 Aug 2023
1.29%
30 Jun 2023 - 31 Jul 2023
1.47%
31 May 2023 - 30 Jun 2023
1.47%
30 Apr 2023 - 31 May 2023
1.47%
31 Mar 2023 - 30 Apr 2023
1.47%
28 Feb 2023 - 31 Mar 2023
1.47%
31 Jan 2023 - 28 Feb 2023
1.47%
31 Dec 2022 - 31 Jan 2023
1.47%
31 Dec 2022 - 31 Dec 2022
1.47%
30 Nov 2022 - 31 Dec 2022
1.47%
30 Nov 2022 - 30 Nov 2022
1.47%
30 Nov 2022 - 30 Nov 2022
1.47%
31 Oct 2022 - 30 Nov 2022
1.47%
31 Oct 2022 - 31 Oct 2022
1.47%
31 Oct 2022 - 31 Oct 2022
1.47%
31 Oct 2022 - 31 Oct 2022
1.47%
30 Sep 2022 - 31 Oct 2022
1.47%
30 Sep 2022 - 30 Sep 2022
1.47%
30 Sep 2022 - 30 Sep 2022
1.47%
31 Aug 2022 - 30 Sep 2022
1.47%
31 Aug 2022 - 31 Aug 2022
1.47%
31 Jul 2022 - 31 Aug 2022
1.47%
31 Jul 2022 - 31 Jul 2022
1.47%
30 Jun 2022 - 31 Jul 2022
1.47%
30 Jun 2022 - 30 Jun 2022
1.47%
31 May 2022 - 30 Jun 2022
1.30%
31 May 2022 - 31 May 2022
1.30%
30 Apr 2022 - 31 May 2022
1.30%
30 Apr 2022 - 30 Apr 2022
1.30%
31 Mar 2022 - 30 Apr 2022
1.30%
31 Mar 2022 - 31 Mar 2022
1.30%
28 Feb 2022 - 31 Mar 2022
1.30%
28 Feb 2022 - 28 Feb 2022
1.30%
31 Jan 2022 - 28 Feb 2022
1.30%
31 Dec 2021 - 31 Jan 2022
1.30%
30 Nov 2021 - 31 Dec 2021
1.30%
31 Oct 2021 - 30 Nov 2021
1.30%
30 Sep 2021 - 31 Oct 2021
1.30%
31 Aug 2021 - 30 Sep 2021
1.30%
31 Jul 2021 - 31 Aug 2021
1.29%
30 Jun 2021 - 31 Jul 2021
1.29%
31 May 2021 - 30 Jun 2021
1.29%
30 Apr 2021 - 31 May 2021
1.29%
31 Mar 2021 - 30 Apr 2021
1.29%
28 Feb 2021 - 31 Mar 2021
1.29%
31 Jan 2021 - 28 Feb 2021
1.29%
31 Dec 2020 - 31 Jan 2021
1.29%
30 Nov 2020 - 31 Dec 2020
1.29%
31 Oct 2020 - 30 Nov 2020
1.29%
30 Sep 2020 - 31 Oct 2020
1.29%
31 Aug 2020 - 30 Sep 2020
1.29%
31 Jul 2020 - 31 Aug 2020
1.29%
30 Jun 2020 - 31 Jul 2020
1.29%
31 May 2020 - 30 Jun 2020
1.27%
30 Apr 2020 - 31 May 2020
1.27%
31 Mar 2020 - 30 Apr 2020
1.30%
29 Feb 2020 - 31 Mar 2020
1.30%
31 Jan 2020 - 29 Feb 2020
1.30%
31 Dec 2019 - 31 Jan 2020
1.30%
30 Nov 2019 - 31 Dec 2019
1.47%
31 Oct 2019 - 30 Nov 2019
1.50%
30 Sep 2019 - 31 Oct 2019
1.49%
31 Aug 2019 - 30 Sep 2019
1.49%
31 Jul 2019 - 31 Aug 2019
1.49%
30 Jun 2019 - 31 Jul 2019
1.49%
31 May 2019 - 30 Jun 2019
1.49%
30 Apr 2019 - 31 May 2019
1.49%
31 Mar 2019 - 30 Apr 2019
1.42%
28 Feb 2019 - 31 Mar 2019
1.62%
31 Jan 2019 - 28 Feb 2019
1.63%
31 Dec 2018 - 31 Jan 2019
1.64%
30 Nov 2018 - 31 Dec 2018
1.66%
31 Oct 2018 - 30 Nov 2018
1.66%
30 Sep 2018 - 31 Oct 2018
1.66%
31 Aug 2018 - 30 Sep 2018
1.65%
31 Jul 2018 - 31 Aug 2018
1.66%
30 Jun 2018 - 31 Jul 2018
1.67%
31 May 2018 - 30 Jun 2018
1.42%
30 Apr 2018 - 31 May 2018
1.43%
31 Mar 2018 - 30 Apr 2018
1.43%
28 Feb 2018 - 31 Mar 2018
1.42%
31 Jan 2018 - 28 Feb 2018
1.43%
31 Dec 2017 - 31 Jan 2018
1.45%
30 Nov 2017 - 31 Dec 2017
1.46%
31 Oct 2017 - 30 Nov 2017
1.46%
Expense ratio, exit load and taxExpense ratio: 1.29%Inclusive of GST
Exit loadNil
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₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementKaran Doshi
Jul 2023 - Present
View details
Education
Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Also manages these schemes
LIC MF Aggressive Hybrid Fund IDCW
LIC MF Aggressive Hybrid Fund Growth
LIC MF ELSS IDCW
LIC MF ELSS Growth
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 Aggressive Hybrid Fund Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF ELSS Direct IDCW
LIC MF ELSS 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 Children's Gift Fund Direct Growth
LIC MF Midcap Fund Direct IDCW
LIC MF Midcap Fund Regular IDCW
LIC MF Midcap Fund Regular Growth
LIC MF Midcap 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
LIC MF Healthcare Fund Direct IDCW
LIC MF Healthcare Fund Direct Growth
LIC MF Healthcare Fund Regular Growth
LIC MF Healthcare Fund Regular IDCW
Dikshit Mittal
Jul 2023 - Present
View details
Education
Mr. Mittal is a MBA (Finance) - ICFAI Busines School, Hyderabad. B-Tech (Chemical) - Punjab Technical University.
Experience
Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
Also manages these schemes
LIC MF Unit Linked Insurance Scheme
LIC MF ELSS IDCW
LIC MF ELSS Growth
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF ELSS Direct IDCW
LIC MF ELSS Direct Growth
LIC MF Large & Mid Cap Fund Direct IDCW
LIC MF Large & Mid Cap Fund Direct Growth
LIC MF Large & Mid Cap Fund Regular Growth
LIC MF Large & Mid Cap Fund Regular IDCW
LIC MF Midcap Fund Direct IDCW
LIC MF Midcap Fund Regular IDCW
LIC MF Midcap Fund Regular Growth
LIC MF Midcap Fund Direct Growth
LIC MF Small Cap Fund Regular Growth
LIC MF Small Cap Fund Direct Growth
LIC MF Small Cap Fund Direct IDCW
LIC MF Small Cap Fund Regular IDCW
LIC MF Dividend Yield Fund Regular Growth
LIC MF Dividend Yield Fund Regular IDCW
LIC MF Dividend Yield Fund Direct IDCW
LIC MFDividend Yield Fund Direct Growth
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 ELSS Direct IDCW is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Sachin Relekar is the Current Fund Manager of LIC MF ELSS Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 22 Sep 2023 is ₹28.52.
The LIC MF ELSS Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveEarlier 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.
;
Fund benchmarkNIFTY 500 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
Standard Chartered Bank
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 ELSS Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	12.1%	22.4%	13.3%	14.3%
Category average	14.8%	23.7%	13.8%	NA
Rank with in category	26	24	23	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	7.6%
HDFC Bank Ltd.	Financial	Equity	7.6%
Axis Bank Ltd.	Financial	Equity	4.7%
Infosys Ltd.	Technology	Equity	3.7%
Cholamandalam Investment and Finance Company Ltd.	Financial	Equity	3.1%
State Bank of India	Financial	Equity	2.6%
PI Industries Ltd.	Chemicals	Equity	2.4%
ABB India Ltd.	Capital Goods	Equity	2.2%
Titan Company Ltd.	Consumer Discretionary	Equity	2.1%
Larsen & Toubro Ltd.	Construction	Equity	2.0%

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

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY 500 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	₹500
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹955.94Cr

LIC MF ELSS Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (57)

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: 1.29%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Karan DoshiJul 2023 - PresentView details

Dikshit MittalJul 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Karan Doshi
Jul 2023 - Present
View details

Dikshit Mittal
Jul 2023 - Present
View details