April 28, 2026
RA Jainee
LIC MF ELSS Tax Saver
| Fund at a Glance | |
| NAV Growth (Rs.) | 164.34 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 36.29 |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 915 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.07% |
| 1 Year Return (%) | -3.10 |
| 3 Year Return (%) | 14.41 |
| 5 Year Return (%) | 13.75 |
| 10 Year Return (%) | 12.70 |
| Return Since Launch | 14.53% |
⚖️ Sahifund Review – LIC MF ELSS Tax Saver ✔
PLUS:
• Long track record (since 2013) offers cycle-tested performance visibility
• Decent long-term returns (~12–14%) suitable for conservative ELSS investors
• Well-diversified portfolio with ~57 stocks reduces concentration risk
• Balanced allocation across large, mid and small caps
• Low turnover (~10%) indicates stable portfolio strategy
• Suitable for tax-saving + disciplined SIP investing
• Backed by established institution LIC Mutual Fund
• Category relevance high for investors seeking Section 80C tax benefit + equity exposure
MINUS:
• Weak recent performance with -3.10% 1-year return, lagging benchmark and peers
• Consistent underperformance vs top ELSS funds like SBI, DSP, Nippon
• Below-average return grade and low category ranking
• Expense ratio (~1.07%) higher than some better-performing peers
• Large-cap bias (~64%) limits aggressive upside potential
• Lacks alpha generation despite long track record
• Performance remains average across most timeframes
• Volatility present without adequate return compensation
Sahifund View (Decisive Line):
A stable but underperforming ELSS option—existing SIP investors may continue, but fresh investments should focus on better-performing tax-saving funds.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
ELSS funds are suitable for investors:
1. Seeking tax savings u/s 80C through a diversified equity portfolio
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
• The fund has a lock-in-period of 3 years
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) Sumit Bhatnagar
Education: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience: Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| 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 Tax Saver
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.53% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 915 Cr |
| (As on 31-Mar-2026) | |
| Expense | 1.07% |
| (As on 31-Mar-2026) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 10.00% |
LIC MF ELSS Tax Saver Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF ELSS Tax Saver Dir | -7.14 | -0.83 | 6.76 | -2.48 | -7.45 | -3.10 | 14.41 | 13.75 | 12.84 | 12.70 |
| BSE 500 TRI | -4.45 | -0.78 | 10.37 | 0.45 | -3.90 | 3.30 | 16.09 | 14.49 | 14.37 | 14.43 |
| Equity: ELSS | -4.81 | -1.04 | 7.07 | 0.10 | -4.76 | 2.36 | 16.49 | 15.27 | 14.98 | 14.87 |
| Rank within category | 33 | 6 | 19 | 32 | 34 | 38 | 27 | 25 | 25 | 25 |
| Number of funds in category | 40 | 40 | 40 | 40 | 40 | 40 | 37 | 33 | 31 | 28 |
Peer Comparison of LIC MF ELSS Tax Saver
| 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 Tax Saver Dir | 2 star | -3.10 | 14.41 | 13.75 | 1.07 | 915 | 14.53 | — | 13Y 3M | 10.00 |
| SBI ELSS Tax Saver Dir | 5 star | 2.35 | 22.05 | 19.62 | 0.99 | 28,441 | 15.51 | — | 13Y 3M | 25.00 |
| DSP ELSS Tax Saver Dir | 4 star | 1.19 | 19.71 | 17.21 | 0.70 | 15,044 | 16.83 | — | 13Y 3M | 34.00 |
| HDFC ELSS Tax Saver Dir | 5 star | -1.15 | 18.90 | 19.27 | 1.10 | 14,615 | 14.25 | — | 13Y 3M | 20.63 |
| Nippon India ELSS Tax Saver Dir | 4 star | 5.05 | 18.72 | 16.78 | 1.04 | 13,422 | 13.98 | — | 13Y 3M | 15.00 |
LIC MF ELSS Tax Saver Portfolio
| No. of Stocks | 57 |
| Top 10 Stocks | 40.18% |
| Top 5 Stocks | 26.99% |
| Top 3 Sectors | 60.82% |
| Portfolio P/B Ratio | 3.38 |
| Portfolio P/E Ratio | 22.50 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,46,320 | 1,82,184 |
| Giant (%) | — | — |
| Large (%) | 64.38 | 64.22 |
| Mid (%) | 14.81 | 19.05 |
| Small (%) | 20.81 | 18.52 |
| Tiny (%) | — | — |
Apply Online: https://online.licmf.com or https://www.licmf.com/fund-overview/All
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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