Fund Details
LIC MF Tax Plan Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.50% |
| NAV | ₹81.42 (19 Jan 2021) |
|---|---|
| Fund Started | 03 Feb 1999 |
| Fund Size | ₹326 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Risk is lower compared to the benchmark
3. Exit load is zero
4. Age is more than 10 years
5. 3Y 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. Risk-adjusted returns are lower compared to the category
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. 10Y Returns are lower than the benchmark
8. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
9. Risk-adjusted returns are lower compared to the category
10. Higher expense ratio - 2.53%
11. 1Y Returns are lower than the category average returns
12. 5Y Returns are lower than the category average returns
13. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 9.0% |
| ICICI Bank Ltd. | Financial | Equity | 7.9% |
| Infosys Ltd. | Technology | Equity | 7.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.3% |
| Avenue Supermarts Ltd. | Services | Equity | 3.8% |
| Bajaj Finance Ltd. | Financial | Equity | 3.4% |
| Reliance Industries Ltd. | Energy | Equity | 3.1% |
| Bharti Airtel Ltd. | Communication | Equity | 2.4% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.4% |
Fund Managers
LIC MF Tax Plan Growth Details
LIC MF Tax Plan Growth is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 03 Feb 1999. Sachin Relekar is the Current Fund Manager of LIC MF Tax Plan Growth fund.The fund currently has an Asset Under Management(AUM) of ₹326 Cr and the Latest NAV as of 19 Jan 2021 is ₹81.42.
The LIC MF Tax Plan Growth 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%.
