October 4, 2023
mayank
LIC MF ELSS details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 127.6084
NAV IDCW: Rs 28.6569
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
Earlier known as Dhan Tax Saver ’97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Fund Manager:
1) Dikshit Mittal
Education: Mr. Mittal is a MBA (Finance) – ICFAI Busines School, Hyderabad. B-Tech (Chemical) – Punjab Technical University.
Experience: Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
2) Karan Doshi
Education: Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience: Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of LIC MF ELSS
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.53% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 956 Cr |
| (As on 31-Aug-2023) | |
| Expense | 1.29% |
| (As on 31-Aug-2023) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 91.00% |
LIC MF ELSS Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF ELSS Dir | 15.79 | 0.17 | 0.44 | 4.28 | 18.48 | 18.75 | 21.51 | 13.85 | 12.05 | 16.97 |
| S&P BSE 500 TRI | 12.36 | -0.24 | 0.99 | 4.62 | 18.76 | 18.73 | 23.59 | 15.19 | 14.02 | 15.74 |
| Equity: ELSS | 15.61 | -0.07 | 1.25 | 5.67 | 19.20 | 21.22 | 24.25 | 15.96 | 14.08 | 17.37 |
| Rank within category | 16 | 10 | 32 | 29 | 22 | 25 | 24 | 23 | 25 | 14 |
| Number of funds in category | 35 | 38 | 38 | 38 | 37 | 33 | 33 | 30 | 28 | 25 |
LIC MF ELSS Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF ELSS Dir | 2 star | 18.75 | 21.51 | 13.85 | 1.29 | 956 | 15.53 | — | 10Y 9M | 91.00 |
| Mirae Asset Tax Saver Dir | 5 star | 21.63 | 24.75 | 18.93 | 0.66 | 17,630 | 19.47 | — | 7Y 9M | 100.00 |
| SBI LT Eqt Dir | 4 star | 33.47 | 27.96 | 17.66 | 1.02 | 15,587 | 15.28 | — | 10Y 9M | 14.00 |
| DSP Tax Saver Dir | 4 star | 22.54 | 26.80 | 18.21 | 0.80 | 11,863 | 17.11 | — | 10Y 9M | 39.00 |
| Canara Robeco Eqt Tax Saver Dir | 4 star | 16.56 | 22.80 | 18.14 | 0.56 | 5,981 | 15.56 | — | 10Y 9M | 25.00 |
Portfolio Analysis of LIC MF ELSS
| No. of Stocks | 57 |
| Top 10 Stocks | 38.13% |
| Top 5 Stocks | 26.82% |
| Top 3 Sectors | 47.78% |
| Portfolio P/B Ratio | 4.86 |
| Portfolio P/E Ratio | 29.97 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,42,247 | 1,47,232 |
| Giant (%) | 50.71 | 52.57 |
| Large (%) | 23.98 | 19.46 |
| Mid (%) | 22.21 | 23.41 |
| Small (%) | 3.09 | 6.65 |
| Tiny (%) | — | 0.38 |
Chanakya’s Mutual Fund Guidance For LIC MF ELSS
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.licmf.com/fund-overview/All
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