Formerly LIC Nomura MF Tax Div
₹ 20.1082
NAV (Mar 03)
Neutral
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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).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Track Record
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
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.
No single fund can achieve what a plan can. Learn why
Scheme Information
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.
Low
Low to Moderate
Moderate
Moderately High
High
Very High
Very High Risk
2.56 %
Expense Ratio
Feb 03, 1999
Launched (22y ago)
₹ 314
AUM in Crores
INF767K01931
ISIN
3
Lock-in
IISL Nifty 500 TR INR
Benchmark
₹ 500
SIP Minimum
₹ 500
Lumpsum Min.
Returns Calculator Comparison
of
for
with step up of
Instrument | Returns | Total Corpus | Gains | Annualised % |
---|---|---|---|---|
Mutual Fund | ₹ 965,796 | ₹ 233,184 | 11.25% | |
EPF | ₹ 900,761 | ₹ 168,149 | 8.50% | |
Property | ₹ 867,662 | ₹ 135,050 | 7.00% | |
PPF | ₹ 869,819 | ₹ 137,207 | 7.10% | |
Bank FD | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Gold | ₹ 846,471 | ₹ 113,859 | 6.00% | |
Savings Bank | ₹ 825,950 | ₹ 93,338 | 5.00% |
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.
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.
Comparison with Equity Funds
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Large Cap
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About the AMC
LIC Mutual Fund Asset Management Limited
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.
Large Cap
Top Ranked
₹ 458 Cr
Fund Size
12.6%
3Y returns
Index Funds
Top Ranked
₹ 29 Cr
Fund Size
14.9%
3Y returns
Low Duration
Top Ranked
₹ 1,110 Cr
Fund Size
5.9%
3Y returns
Diversified
Top Ranked
₹ 902 Cr
Fund Size
10.2%
3Y returns
Banking And Psu
Top Ranked
₹ 2,622 Cr
Fund Size
8.1%
3Y returns
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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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
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.
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.
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
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.
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) 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.