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  • LIC MF ELSS Tax Saver fund (RIDCW-Q)

Formerly LIC MF ELSS IDCW-R

LIC Mutual Fund

LIC MF ELSS Tax Saver fund (RIDCW-Q)

EquityTax Saving

29.5664

NAV (Jun 12)

15.2%
5 Year CAGR
Scripbox Opinion
Not Recommended
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).

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

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

Poor

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

Invest in this fund
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

29.5664

NAV (Jun 12)

Fund Returns

Last 1Y
31.9%
Last 3Y
17%
Last 5Y
16%
Last 10Y
14.8%
Since Inception
10.6%
6 Month CAGR
15.7%

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
2.17
Launched (25y ago)
Feb 03, 1999
AUM in Crores
1064.380
ISIN
INF767K01949
Lock-in
3
Benchmark
Nifty 500 TR INR
SIP Minimum
0
Lumpsum Min.
500
Standard Deviation (3yr)
12.3
Standard Deviation (5yr)
17.8
Beta (3yr)
0.86
Beta (5yr)
0.88
Sharpe Ratio (3yr)
0.789
Sharpe Ratio (5yr)
0.565
YTM
0
Fund Managers

Karan Doshi

Fund Manager

Dikshit Mittal

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
LIC MF ELSS Tax Saver fund (RIDCW-Q)70%10,70,098 3,37,48615.2%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 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 2024-06-12

Top Stock Holdings

icici bank ltd

7.2%
7.2%

hdfc bank ltd

6.6%
6.6%

state bank of india

3.6%
3.6%

shakti pumps (india) ltd

3.5%
3.5%

trent ltd

3.1%
3.1%
See all holdings

Allocation by Sector

financial services

28.7%
28.7%

consumer cyclical

21.8%
21.8%

industrials

17.2%
17.2%

consumer defensive

8.8%
8.8%

basic materials

7.9%
7.9%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
HDFC Large and Mid Cap Fund (G)
HDFC Large and Mid Cap Fund (G)

₹ 19,454 cr

₹ 15,161 cr

₹ 22,620 cr

₹ 42,669 cr

₹ 63,933 cr

amc-img

About the AMC

LIC Mutual Fund Asset Management Limited

LIC Mutual Fund Asset Management Limited manages assets worth 28,099 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 48 equity,45 debt and 36 hybrid funds.amc-img
phone-img022-66016000
Fund NameScripbox Opinion
Till Date CAGR

4.6%

7.7%

4.6%

6.6%

4.6%

6.6%

12.6%

5.6%

35.8%

10%

LIC MF ELSS Tax Saver fund (RIDCW-Q) Review

LIC MF ELSS Tax Saver fund (RIDCW-Q) is a Tax Saving Equity fund and has delivered an annualised return of 10.9% over a period of 25 years. The fund was previously known as LIC MF ELSS IDCW-R. 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 (RIDCW-Q) as of 6/12/2024 is ₹29.57 with the total AUM as of 6/13/2024 is ₹1064.38. With Scripbox you can compare and check the latest nav for all mutual funds in India. LIC MF ELSS Tax Saver fund (RIDCW-Q) 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 (RIDCW-Q) is ₹0 and you can increase this in multiples of ₹100. 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 (RIDCW-Q) 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 Nifty 500 TR INR.

LIC MF ELSS Tax Saver fund (RIDCW-Q) is rated as a 1 fund in Equity and delivered 29% 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 (RIDCW-Q).

Frequently Asked Questions

What is LIC MF ELSS Tax Saver fund (RIDCW-Q)?

LIC MF ELSS Tax Saver fund (RIDCW-Q) is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in LIC MF ELSS Tax Saver fund (RIDCW-Q)?

You can invest in LIC MF ELSS Tax Saver fund (RIDCW-Q) 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 (RIDCW-Q)?

The minimum sip amount for LIC MF ELSS Tax Saver fund (RIDCW-Q) is ₹0. You can invest in multiples of ₹500.

Is LIC MF ELSS Tax Saver fund (RIDCW-Q) good to invest in?

As per Scripbox experts, LIC MF ELSS Tax Saver fund (RIDCW-Q) is a Not Recommended fund. You can investLIC MF ELSS Tax Saver fund (RIDCW-Q) 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 (RIDCW-Q)?

The expense ratio of the LIC MF ELSS Tax Saver fund (RIDCW-Q) is 2.17% for regular plan.