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LIC MF Tax Direct Plan IDCW

Equity
ELSS
Very High Risk
Payout
3Y Lock In
16.68%
3Y annualised
+0.46% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Aug 2022₹25.60
Min. SIP amount₹500
Rating3
Fund size₹408.85Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.8%16.7%12.0%14.4%
Category average54.9%14.2%14.3%NA
Rank with in category142816NA
Understand terms

Holdings (59)

NameSectorInstrumentAssets
ICICI Bank Ltd.FinancialEquity9.4%
Infosys Ltd.TechnologyEquity8.0%
HDFC Bank Ltd.FinancialEquity6.9%
Tata Consultancy Services Ltd.TechnologyEquity4.9%
Reliance Industries Ltd.EnergyEquity4.3%
Avenue Supermarts Ltd.ServicesEquity3.3%
Bharti Airtel Ltd.CommunicationEquity3.1%
Bajaj Finance Ltd.FinancialEquity2.9%
Kotak Mahindra Bank Ltd.FinancialEquity2.7%
Brigade Enterprises Ltd.ConstructionEquity2.1%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
Lower AUM: 408Cr. Funds with lower AUM tend to have higher expense ratio
3Y annualised returns higher than category average by 2.45%
1Y and 5Y annualised returns lower than category average
Lock-in period: 3Y
Higher expense ratio: 1.47%

Expense ratio, exit load and tax

Expense ratio: 1.47%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Amit Nadekar
Jun 2022 - Present
View details

Education
Mr. Nadekar has done M.Com, CA and MMS(Finance).
Experience
Prior to joining LIC Mutual Fund, he has worked with Alchemy Capital Management Pvt. Ltd., Raymond Limited, Apar Research and First Global Securities.
Also manages these schemes

Fund house & investment objective

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
Website
NA
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,

Compare funds

LIC MF Tax Direct Plan IDCW
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FAQs

How to Invest in LIC MF Tax Direct Plan IDCW?

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

What kind of returns does LIC MF Tax Direct Plan IDCW provide?

The LIC MF Tax Direct Plan IDCW has been there from 02 Jan 2013 and the average annual returns provided by this fund is 7.76% since its inception.

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

The term Expense Ratio used for LIC MF Tax Direct Plan 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 Tax Direct Plan IDCW is 1.47% as of 10 Aug 2022...

What is the AUM of LIC MF Tax Direct Plan IDCW?

The AUM, short for Assets Under Management of LIC MF Tax Direct Plan IDCW is ₹408.85Cr as of 10 Aug 2022.

How to Redeem LIC MF Tax Direct Plan IDCW?

If you want to sell your LIC MF Tax Direct Plan 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 Tax Direct Plan IDCW?

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

What is the NAV of LIC MF Tax Direct Plan IDCW?

The NAV of LIC MF Tax Direct Plan IDCW is ₹25.60 as of 08 Aug 2022.

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

The PE ratio ratio of LIC MF Tax Direct Plan 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).

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