Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
22 Years. The fund has an Extended history for analysis and the track record is excellent.
Relative Size
314 Cr. Medium within the category
Category View
Positive. The category has a positive investment outlook
Consistency Of Performance
Relatively moderate. The historical performance of the fund has been OK
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Tax Saver Plan
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
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Scheme Information
Investment Objective
To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However,there is no assurance that the investment objective of the Schemes will be realized.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
LIC Mutual Fund Asset Management Limited manages assets worth 14,367 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 24 equity,40 debt and 32 hybrid funds.
Invest in a scientifically curated set of tax saving funds (ELSS) which are designed to help you save tax under Sec. 80C while offering the opportunity for growth in line with equity returns.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
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Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About LIC MF Tax Plan (DP-Q)
About LIC MF Tax Plan (DP-Q)
LIC MF Tax Plan (DP-Q) is a tax saving equity fund and has delivered an annualised return of 10.1% over a period of 22 years .The fund was previously known as LIC Nomura MF Tax Div.The fund is managed by LIC Mutual Fund Asset Management Limited.The fund managers are Sachin Relekar, Yogesh Patil
LIC MF Tax Plan (DP-Q) Investment Objective
To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However,there is no assurance that the investment objective of the Schemes will be realized. However, there is no assurance that the objective of the scheme will be realized.
LIC MF Tax Plan (DP-Q) NAV,AUM,Risk
The LIC MF Tax Plan (DP-Q) fund was launched on Feb 03, 1999. The NAV (Net Asset Value) of this tax saving equity as of 2021-03-03 is ₹ 20.1082. The total AUM (Asset Under Management) of the fund as of 2021-03-04 is ₹ 313.625. The category risk of the LIC MF Tax Plan (DP-Q) fund is Very High Risk.
The fund charges 2.56 % as expense ratio.
LIC MF Tax Plan (DP-Q) Holdings
The fund’s highest allocation is towards equity and has invested 96.9% in this asset class. The top three holdings of the fund are icici bank ltd,infosys ltd and hdfc bank ltd
LIC MF Tax Plan (DP-Q) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 500 and you can increase this in multiples of ₹ 500. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 500.
LIC MF Tax Plan (DP-Q) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 500 TR INR
LIC MF Tax Plan (DP-Q) Review
LIC MF Tax Plan (DP-Q) has a score of 3 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, LIC MF Tax Plan (DP-Q) has a score of 3 out of 5.
Scipbox has rated this fund 3 out of 5 based on consistency of performance over various years / tenures.
