Fund Details
LIC MF Tax Plan Growth
| Risk | Very High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.56% |
| NAV | ₹90.92 (22 Jul 2021) |
|---|---|
| Fund Started | 03 Feb 1999 |
| Fund Size | ₹368 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Higher expense ratio - 2.56%
3. 1Y Returns are lower than the category average returns
4. 5Y Returns are lower than the category average returns
5. 10Y Returns are lower than the category average returns
6. 3Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Infosys Ltd. | Technology | Equity | 9.3% |
| ICICI Bank Ltd. | Financial | Equity | 8.7% |
| HDFC Bank Ltd. | Financial | Equity | 7.7% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.6% |
| Avenue Supermarts Ltd. | Services | Equity | 4.0% |
| Bajaj Finance Ltd. | Financial | Equity | 3.2% |
| Reliance Industries Ltd. | Energy | Equity | 2.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.8% |
| Bharti Airtel Ltd. | Communication | Equity | 2.3% |
| Tata Consumer Products Ltd. | FMCG | Equity | 2.3% |
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 ₹368 Cr and the Latest NAV as of 22 Jul 2021 is ₹90.92.
The LIC MF Tax Plan Growth 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%.
