• Mutual Funds
  • LIC Mutual Fund
  • LIC MF Tax Plan (Growth)

Formerly LIC Nomura MF Tax Gr

LIC Mutual Fund

LIC MF Tax Plan (Growth)

EquityTax Saving

101.6359

NAV (Dec 02)

10.3%
5 Year CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in tax saving mutual funds.

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 ->

Fund Size

Neutral

The performance of the fund on a Fund Size metric has been Neutral

Outperformance Consistency

Good

The performance of the fund on a Outperformance Consistency metric has been Good

Scripbox Recommended Tax Saving Fund

Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?

Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

101.6359

NAV (Dec 2)

Fund Returns

Last 1Y

1.9%

Last 3Y

12.3%

Last 5Y

10.3%

Last 10Y

13.1%

Since Inception

10.6%

6 Month CAGR

9.4%

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.

Expense Ratio

2.49

Launched (23y ago)

Feb 03, 1999

AUM in Crores

426.748

ISIN

INF767K01956

Lock-in

3

Benchmark

IISL Nifty 500 TR INR

SIP Minimum

500

Lumpsum Min.

500

Standard Deviation (3yr)

21.3

Standard Deviation (5yr)

18.9

Beta (3yr)

0.91

Beta (5yr)

0.91

Sharpe Ratio (3yr)

0.458

Sharpe Ratio (5yr)

0.349

YTM

0

Fund Managers

Amit Nadekar

Fund Manager

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.

Asset allocation and Holdings

Last updated on 2022-12-02

Top Stock Holdings

icici bank ltd

9.5%
9.5%

infosys ltd

6.3%
6.3%

hdfc bank ltd

5.2%
5.2%

axis bank ltd

4.4%
4.4%

bajaj finance ltd

3.9%
3.9%
See all holdings

Allocation by Sector

financial services

30.4%
30.4%

consumer cyclical

23.2%
23.2%

technology

10.6%
10.6%

industrials

9.5%
9.5%

basic materials

8.6%
8.6%
See all sectors

Compare LIC MF Tax Plan (Growth)

Fund NameFund SizeOutperformance Consistency
DSP Tax Saver Fund (G)
DSP Tax Saver Fund (G)

₹ 10,427 cr

₹ 4,865 cr

₹ 15,580 cr

₹ 10,427 cr

₹ 15,580 cr

About the AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth 14,891 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 24 equity,40 debt and 35 hybrid funds.

amc-img

  • 022-66016000
  • cs.co@licmf.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    4%

    6.9%

    3.8%

    5.4%

    3.8%

    5.4%

    16.3%

    12.6%

    6.5%

    8.1%

    LIC MF Tax Plan (G) Review

    LIC MF Tax Plan (G) is a Tax Saving Equity fund and has delivered an annualised return of 10.6% over a period of 23 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 Amit Nadekar.

    Nav of LIC MF Tax Plan (G) as of 12/2/2022 is ₹101.64 with the total AUM as of 12/5/2022 is ₹426.748. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF Tax Plan (G) was launched on Feb 03, 1999. The category risk of the fund is Very High Risk.

    The minimum SIP amount for LIC MF Tax Plan (G) 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. Check your estimated returns on mutual funds by using sip calculator.

    LIC MF Tax Plan (G) 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) is rated as a 2 fund in Equity and delivered 1.9% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF Tax Plan (G).

    Frequently Asked Questions

    What is LIC MF Tax Plan (G)?

    LIC MF Tax Plan (G) is a Tax Saving Equity scheme predominantly investing across Equity stocks with an investment objective to generate wealth over the long term.

    How to invest in LIC MF Tax Plan (G)?

    You can invest in LIC MF Tax Plan (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

    What is the minimum sip amount of LIC MF Tax Plan (G)?

    The minimum sip amount for LIC MF Tax Plan (G) is ₹500. You can invest in multiples of ₹500.

    Is LIC MF Tax Plan (G) good to invest in?

    As per Scripbox experts, LIC MF Tax Plan (G) is a Neutral fund. You can investLIC MF Tax Plan (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

    What is the expense ratio of the LIC MF Tax Plan (G)?

    The expense ratio of the LIC MF Tax Plan (G) is 2.49% for regular plan.