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    • LIC MF Tax Plan (Growth)

    Formerly LIC Nomura MF Tax Gr

    LIC Mutual Fund

    LIC MF Tax Plan (Growth)

    EquityTax Saving

    100.7694

    NAV (Sep 15)

    14%
    5 Year CAGR
    Scripbox Opinion

    Neutral

    Scripbox recommends other funds for investment in tax saving.

    Click here to see our recommendations.

    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).

    Our analysis of this fundLearn how we rate funds ->

    Track Record

    22 Years. The fund has an Extended history for analysis and the track record is excellent.

    Relative Size

    402 Cr. Medium within the category

    Category View

    Superior. The category has a superior investment outlook

    Consistency Of Performance

    Poor. The historical performance of the fund has been poor

    Invest in this fund
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    Tax Saver Plan

    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.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax

    No single fund can achieve what a plan can. Learn why

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    Historical NAV

    100.7694

    NAV (Sep 15)

    Fund Returns

    51.7%
    Last 1Y
    14.8%
    Last 3Y
    14%
    Last 5Y
    14.4%
    Last 10Y
    11.1%
    Since Inception
    info-icon-blue

    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.

    Low

    Low to Moderate

    Moderate

    Moderately High

    High

    Very High

    risk-indicator-arrow.svg

    Very High Risk

    Expense Ratio
    2.57 %
    Launched (22y ago)
    Feb 03, 1999
    AUM in Crores
    ₹ 402
    ISIN
    INF767K01956
    Lock-in
    3
    Benchmark
    IISL Nifty 500 TR INR
    SIP Minimum
    ₹ 500
    Lumpsum Min.
    ₹ 500
    Fund Managers
    user-avatar

    Yogesh Patil

    Fund Manager

    calculator

    Returns Calculator Comparison

    of

    for

    with step up of

    InstrumentReturnsTotal CorpusGainsAnnualised %
    Mutual Fund70%₹ 965,796 ₹ 233,18411.25%
    EPF70% ₹ 900,761 ₹ 168,1498.50%
    Property70% ₹ 867,662 ₹ 135,0507.00%
    PPF70% ₹ 869,819 ₹ 137,2077.10%
    Bank FD70% ₹ 846,471 ₹ 113,8596.00%
    Gold70% ₹ 846,471 ₹ 113,8596.00%
    Savings Bank70% ₹ 825,950 ₹ 93,3385.00%

    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.

    build-long-item-wealth-img

    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.

    • Inflation beating returns
      Inflation beating returns
    • Save Tax
      Save Tax
    • One click investing  tracking
      One click investing tracking
    comparison

    Comparison with Equity Funds

    SBI Focused Equity Fund (G)

    SBI Focused Equity Fund (G)

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    Top Ranked

    17 Years

    Age

    5

    Track Record

    Aditya Birla Sun Life Focused Equity Fund (G)

    Aditya Birla Sun Life Focused Equity Fund (G)

    Diversified

    Recommended

    Top Ranked

    16 Years

    Age

    5

    Track Record

    UTI Nifty Index Fund (G)

    UTI Nifty Index Fund (G)

    Index Funds

    Recommended

    Top Ranked

    21 Years

    Age

    5

    Track Record

    HDFC Index Nifty 50 fund (G)

    HDFC Index Nifty 50 fund (G)

    Index Funds

    Recommended

    Top Ranked

    19 Years

    Age

    5

    Track Record

    Kotak Bluechip fund (G)

    Kotak Bluechip fund (G)

    Large Cap

    Recommended

    Top Ranked

    23 Years

    Age

    5

    Track Record

    amc-icon

    About the AMC

    LIC Mutual Fund Asset Management Limited

    LIC Mutual Fund Asset Management Limited manages assets worth 15,674 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.

    amc-img

  • tel-amc-about
    022-66016000
  • mail-amc-about
    cs.co@licmf.com
  • LIC MF Large Cap Fund (G)

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    Fund Size

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    LIC MF Savings Fund (G)

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    Low Duration

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    Fund Size

    5.30%

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    LIC MF Banking & PSU Debt Fund (G)

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    ₹ 2,214 Cr

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    LIC MF Liquid Fund (G)

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    ₹ 6,648 Cr

    Fund Size

    5.10%

    3 Year CAGR

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    LIC MF Large Cap Fund of Income Distribution cum Cap Wrdl (RIDCW-A)

    LIC MF Large Cap Fund of Income Distribution cum Cap Wrdl (RIDCW-A)

    Large Cap

    Top Ranked

    ₹ 624 Cr

    Fund Size

    12.30%

    5 Year CAGR

    5 Y CAGR

    growth

    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.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      3 Years
    • graph-icon-gray
      Save Tax
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Mirae Asset Tax Saver Fund (Growth)

    Mirae Asset Tax Saver Fund (Growth)

    Equity

    Tax Saving

    Canara Robeco Equity Taxsaver fund (Growth)

    Canara Robeco Equity Taxsaver fund (Growth)

    Equity

    Tax Saving

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    3,600+

    AUM

    2,500+

    Cities

    2012

    Established

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.

    What Scripbox recommendations mean?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

    About LIC MF Tax Plan (G)

    About LIC MF Tax Plan (G)

    LIC MF Tax Plan (G) is a Tax Saving Equity fund and has delivered an annualised return of 11.1% over a period of 22 years. The fund was previously known as LIC Nomura MF Tax Gr . The fund is managed by LIC Mutual Fund Asset Management Limited. The fund manager’s name is Yogesh Patil

    LIC MF Tax Plan (G) 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 (G) NAV,AUM,Risk

    The LIC MF Tax Plan (G) fund was launched on Feb 03, 1999. The NAV (Net Asset Value) of this Tax Saving Equity fund as of 2021-09-15 is ₹100.77. The total AUM (Asset Under Management) of the fund as of 16/09/2021 is ₹401.238. The category risk of the LIC MF Tax Plan (G) fund is Very High Risk. The fund charges 2.57 % as expense ratio.

    LIC MF Tax Plan (G) Holdings

    The fund’s highest allocation is towards Equity and has invested 97.6% in this asset class. The top three holdings of the fund are , icici bank ltd , infosys ltd , hdfc bank ltd , tata consultancy services ltd , avenue supermarts ltd , bajaj finance ltd , treps , reliance industries ltd , bharti airtel ltd , kotak mahindra bank ltd , tata consumer products ltd , hcl technologies ltd , hindustan unilever ltd , atul ltd , ipca laboratories ltd , divi's laboratories ltd , titan co ltd , tata chemicals ltd , hikal ltd , brigade enterprises ltd , axis bank ltd , vinati organics ltd , biocon ltd , indian hotels co ltd , voltas ltd , aditya birla fashion and retail ltd , asian paints ltd , info edge (india) ltd , trent ltd , sbi life insurance company limited , housing development finance corp ltd , coromandel international ltd , maruti suzuki india ltd , mahindra & mahindra ltd , bata india ltd , icici securities ltd , cipla ltd , icici lombard general insurance co ltd , gail (india) ltd , gujarat state petronet ltd , icici prudential life insurance company limited , crompton greaves consumer electricals ltd , srf ltd , city union bank ltd , page industries ltd , nestle india ltd , himatsingka seide ltd , torrent pharmaceuticals ltd , state bank of india , orient electric ltd ordinary shares , kansai nerolac paints ltd , gland pharma ltd , net receivables / (payables)

    LIC MF Tax Plan (G) 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 (G) 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 (G) Review

    LIC MF Tax Plan (G) 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 (G) 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.

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