- Mutual Funds
- LIC Mutual Fund
- LIC MF ELSS Tax Saver fund (Growth)
Formerly LIC MF ELSS Gr
LIC MF ELSS Tax Saver fund (Growth)
₹ 116.9856
NAV (Nov 29)
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).
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 116.9856
NAV (Nov 29)
Fund Returns
Last 1Y | 15.1% |
Last 3Y | 16.2% |
Last 5Y | 13.1% |
Last 10Y | 14.2% |
Since Inception | 10.7% |
6 Month CAGR | 10.6% |
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.
Expense Ratio | 2.24 |
Launched (24y ago) | Feb 03, 1999 |
AUM in Crores | 925.522 |
ISIN | INF767K01956 |
Lock-in | 3 |
Benchmark | IISL Nifty 500 TR INR |
SIP Minimum | 500 |
Lumpsum Min. | 500 |
Standard Deviation (3yr) | 13.7 |
Standard Deviation (5yr) | 17.9 |
Beta (3yr) | 0.87 |
Beta (5yr) | 0.9 |
Sharpe Ratio (3yr) | 0.95 |
Sharpe Ratio (5yr) | 0.488 |
YTM | 0 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| LIC MF ELSS Tax Saver fund (Growth) | 10,12,958 | 2,80,346 | 13.1% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 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.
Asset allocation and Holdings
Top Stock Holdings
icici bank ltd
7.5%hdfc bank ltd
7.4%treps
5.5%axis bank ltd
3.9%infosys ltd
3.7%Allocation by Sector
financial services
30.5%consumer cyclical
18.2%industrials
13.9%technology
9.8%basic materials
9.8%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 11,883 cr | ||
₹ 11,693 cr | ||
₹ 17,531 cr | ||
₹ 10,182 cr | ||
₹ 9,101 cr |
About the AMC
LIC Mutual Fund Asset Management Limited
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.8% | 6.9% | ||
3.9% | 5.3% | ||
3.9% | 5.3% | ||
14.6% | 13.2% | ||
4.6% | 6.4% |
LIC MF ELSS Tax Saver fund (G) Review
LIC MF ELSS Tax Saver fund (G) is a Tax Saving Equity fund and has delivered an annualised return of 10.7% over a period of 24 years. The fund was previously known as LIC MF ELSS Gr. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund managers are Dikshit Mittal, Karan Doshi.
Nav of LIC MF ELSS Tax Saver fund (G) as of 11/29/2023 is ₹116.99 with the total AUM as of 11/30/2023 is ₹925.522. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF ELSS Tax Saver fund (G) was launched on Feb 03, 1999. The category risk of the fund is Very High Risk.
The minimum SIP amount for LIC MF ELSS Tax Saver fund (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 ELSS Tax Saver fund (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 ELSS Tax Saver fund (G) is rated as a 1 fund in Equity and delivered 15.1% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with LIC MF ELSS Tax Saver fund (G).
Frequently Asked Questions
What is LIC MF ELSS Tax Saver fund (G)?
How to invest in LIC MF ELSS Tax Saver fund (G)?
You can invest in LIC MF ELSS Tax Saver fund (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 ELSS Tax Saver fund (G)?
The minimum sip amount for LIC MF ELSS Tax Saver fund (G) is ₹500. You can invest in multiples of ₹500.
Is LIC MF ELSS Tax Saver fund (G) good to invest in?
As per Scripbox experts, LIC MF ELSS Tax Saver fund (G) is a Not Recommended fund. You can investLIC MF ELSS Tax Saver fund (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 ELSS Tax Saver fund (G)?
The expense ratio of the LIC MF ELSS Tax Saver fund (G) is 2.24% for regular plan.