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).
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
Explore a better alternative to this fund with a Scripbox 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.
No single fund can achieve what a plan can. Learn why
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
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 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.
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.
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?
Recommended
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.
Top Ranked
Neutral
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
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
We check if the sub-category of the fund is recommended by us.
Fund Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
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
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
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.
