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).
Explore a scientifically created Scripbox plan within this asset class.
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.
No single fund can achieve what a plan can. Learn why
Historical NAV
₹ 97.9284
NAV (Jan 28)
Fund Returns
Last 1Y
24.2%
Last 3Y
15.8%
Last 5Y
13.6%
Last 10Y
14%
Since Inception
10.8%
6 Month CAGR
7.3%
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 16,074 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.
LIC MF Tax Plan (G) is a Tax Saving Equity fund and has delivered an annualised return of 10.8% 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.
Nav of LIC MF Tax Plan (G) as of 28/01/2022 is ₹97.93 with the total AUM as of 29/01/2022 is ₹407.535. 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 3 fund in Equity and delivered 24.2% 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 invest LIC 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 2.54% for regular plan.
