LIC MF Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.3894
NAV IDCW Quarterly: Rs 14.1500
IDCW Monthly NAV: Rs 17.1559
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.
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.
2) Pratik Harish Shroff
Education: Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience: Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities.
Investment Details
Min. Investment (Rs) | 5,000 |
Min. Addl Investment (Rs) | 1,000 |
Min. SIP Investment (Rs) | 1,000 |
Min. Withdrawal (Rs) | 1,000 |
Min. No of Cheques | 12 |
Min. Balance (Rs) | 5,000 |
Lock-in Period | NA |
Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 3 months |
Basic Details of LIC MF Equity Savings Fund
Fund House | LIC Mutual Fund |
Launch Date | 04-Jan-13 |
Return Since Launch | 7.56% |
Benchmark | NIFTY Equity Savings TRI |
Riskometer | Moderately High |
Type | Open-ended |
Assets | Rs 10 Cr |
(As on 31-Aug-2023) | |
Expense | 1.06% |
(As on 31-Aug-2023) | |
Risk Grade | Above Average |
Return Grade | Below Average |
Turnover | 20.00% |
LIC MF Equity Savings Fund Trailing Returns (%)
Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
LIC MF Eqt Svngs Dir | 7.46 | -0.36 | 0.68 | 3.60 | 8.89 | 9.90 | 10.75 | 8.84 | 7.21 | 7.99 |
VR MIP TRI | 6.35 | -0.26 | -0.11 | 0.92 | 6.93 | 9.59 | 10.02 | 9.04 | 8.29 | 9.14 |
Hybrid: Equity Savings | 8.80 | -0.25 | 0.36 | 2.73 | 8.70 | 10.96 | 11.82 | 9.40 | 8.46 | 9.42 |
Rank within category | 16 | 19 | 3 | 5 | 10 | 15 | 16 | 15 | — | — |
Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 18 | 13 | 1 |
LIC MF Equity Savings Fund 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 Eqt Svngs Dir | 1 star | 9.90 | 10.75 | 8.84 | 1.06 | 10 | 7.56 | 1.00 (3) | 10Y 9M | 20.00 |
ICICI Pru Eqt Svngs Dir | 5 star | 10.56 | 10.99 | 8.87 | 0.45 | 6,461 | 8.54 | 0.25 (7) | 8Y 10M | 68.00 |
Kotak Eqt Svngs Dir | 5 star | 12.83 | 12.36 | 10.42 | 0.92 | 2,936 | 9.63 | 1.00 (90) | 8Y 11M | 520.30 |
Mirae Asset Eqt Svngs Dir | 4 star | 11.56 | 13.22 | — | 0.42 | 690 | 12.00 | 1.00 (365) | 4Y 9M | 565.00 |
HDFC Eqt Svngs Dir | 3 star | 11.34 | 14.85 | 10.11 | 1.11 | 2,978 | 10.20 | 1.00 (1) | 10Y 9M | 19.66 |
Portfolio Analysis of LIC MF Equity Savings Fund
Number of Stocks | 32 |
Number of Bonds | 2 |
Average Maturity (yrs) * | — |
Top 10 Holdings | 55.42% |
Portfolio P/B Ratio | 2.60 |
Portfolio P/E Ratio | 19.89 |
Portfolio Breakup
Fund | Category | |
Average Mkt Cap (Rs Cr) | 2,01,997 | 1,88,688 |
Giant (%) | 76.15 | 59.93 |
Large (%) | 5.47 | 23.16 |
Mid (%) | 6.91 | 12.71 |
Small (%) | 11.47 | 5.13 |
Tiny (%) | — | — |
Fund | Category | |
Number of Securities | 45 | 90 |
Macaulay Duration (yrs) | — | — |
Average Maturity (yrs) | — | — |
Yield to Maturity (%) | — | — |
Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Equity Savings Fund
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