Dezerv

Fund Overview

Fund Size

Fund Size

₹1,022 Cr

Expense Ratio

Expense Ratio

0.58%

ISIN

ISIN

INF767K01EM1

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

01 Jan 2013

About this fund

LIC MF ELSS Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 11 years, 3 months and 14 days, having been launched on 01-Jan-13.
As of 12-Apr-24, it has a Net Asset Value (NAV) of ₹145.41, Assets Under Management (AUM) of 1021.77 Crores, and an expense ratio of 0.58%.
  • LIC MF ELSS Direct Growth has given a CAGR return of 15.02% since inception.
  • The fund's asset allocation comprises around 97.21% in equities, 0.00% in debts, and 2.79% in cash & cash equivalents.
  • You can start investing in LIC MF ELSS Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+33.45%

+38.63%(Cat. Avg.)

3 Years

+18.62%

+20.85%(Cat. Avg.)

5 Years

+15.67%

+17.41%(Cat. Avg.)

10 Years

+15.45%

+16.35%(Cat. Avg.)

Since Inception

+15.02%

--%(Cat. Avg.)

Portfolio Summaryas of 31st March 2024

Equity993.28 Cr97.21%
Others28.49 Cr2.79%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity74.45 Cr7.29%
HDFC Bank LtdEquity66.34 Cr6.49%
State Bank of IndiaEquity34.65 Cr3.39%
TrepsCash - Repurchase Agreement31.27 Cr3.06%
Infosys LtdEquity30.75 Cr3.01%
Trent LtdEquity28.48 Cr2.79%
Cholamandalam Investment and Finance Co LtdEquity28.37 Cr2.78%
Axis Bank LtdEquity26.26 Cr2.57%
Larsen & Toubro LtdEquity25.95 Cr2.54%
Titan Co LtdEquity24.64 Cr2.41%
PI Industries LtdEquity24 Cr2.35%
Reliance Industries LtdEquity22.94 Cr2.24%
ABB India LtdEquity20.49 Cr2.01%
SRF LtdEquity20.13 Cr1.97%
Shakti Pumps (India) LtdEquity19.86 Cr1.94%
Maruti Suzuki India LtdEquity18.99 Cr1.86%
Bajaj Finance LtdEquity18.76 Cr1.84%
Grasim Industries LtdEquity18.39 Cr1.80%
Indian Hotels Co LtdEquity18.33 Cr1.79%
Equitas Small Finance Bank Ltd Ordinary SharesEquity18.27 Cr1.79%
Varun Beverages LtdEquity18.13 Cr1.77%
ITC LtdEquity17.52 Cr1.71%
Eicher Motors LtdEquity16.99 Cr1.66%
Power Finance Corp LtdEquity16.75 Cr1.64%
Blue Star LtdEquity16.73 Cr1.64%
Bajaj Finserv LtdEquity15.83 Cr1.55%
Thermax LtdEquity15.53 Cr1.52%
HCL Technologies LtdEquity15.46 Cr1.51%
Zomato LtdEquity15.39 Cr1.51%
Kirloskar Oil Engines LtdEquity15.13 Cr1.48%
Bharat Forge LtdEquity15.06 Cr1.47%
Zydus Lifesciences LtdEquity14.82 Cr1.45%
Mahindra & Mahindra LtdEquity14.77 Cr1.45%
KPIT Technologies LtdEquity14.56 Cr1.43%
Hindustan Unilever LtdEquity13.94 Cr1.36%
Blue Dart Express LtdEquity13.61 Cr1.33%
Nestle India LtdEquity13.55 Cr1.33%
Metro Brands LtdEquity12.08 Cr1.18%
Avenue Supermarts LtdEquity10.43 Cr1.02%
Navin Fluorine International LtdEquity10.32 Cr1.01%
LTIMindtree LtdEquity10.26 Cr1.00%
Coforge LtdEquity10.01 Cr0.98%
Tata Elxsi LtdEquity9.95 Cr0.97%
AIA Engineering LtdEquity9.95 Cr0.97%
Mrs Bectors Food Specialities Ltd Ordinary SharesEquity9.94 Cr0.97%
Swan Energy LtdEquity9.9 Cr0.97%
UltraTech Cement LtdEquity9.88 Cr0.97%
Craftsman Automation LtdEquity9.86 Cr0.97%
CCL Products (India) LtdEquity9.07 Cr0.89%
Safari Industries (India) LtdEquity8.84 Cr0.87%
Mankind Pharma LtdEquity8.78 Cr0.86%
Abbott India LtdEquity8.07 Cr0.79%
Kotak Mahindra Bank LtdEquity7.74 Cr0.76%
ZF Commercial Vehicle Control Systems India LtdEquity7.57 Cr0.74%
Schaeffler India LtdEquity7.51 Cr0.73%
Coromandel International LtdEquity7.16 Cr0.70%
Cera Sanitaryware LtdEquity6.66 Cr0.65%
Grindwell Norton LtdEquity5.49 Cr0.54%
Net Receivables / (Payables)Cash-2.78 Cr0.27%

Allocation By Market Cap (Equity)

Large Cap Stocks

65.79%

Mid Cap Stocks

17.92%

Small Cap Stocks

13.49%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services307.42 Cr30.09%
Consumer Cyclical208.41 Cr20.40%
Industrials149.41 Cr14.62%
Consumer Defensive92.58 Cr9.06%
Technology90.99 Cr8.90%
Basic Materials89.88 Cr8.80%
Healthcare31.66 Cr3.10%
Energy22.94 Cr2.24%

Risk & Performance Ratios

Standard Deviation

This fund

12.28%

Cat. avg.

12.78%

Lower the better

Sharpe Ratio

This fund

0.94

Cat. avg.

1.01

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

1.93

Higher the better

Fund Managers

Karan Doshi

Karan Doshi

Since July 2023

DM

Dikshit Mittal

Since July 2023

Additional Scheme Detailsas of 31st March 2024

ISININF767K01EM1Expense Ratio0.58%Exit LoadNo ChargesFund Size₹1,022 CrAge01 Jan 2013Lumpsum Minimum₹5,000Fund StatusOpen Ended Investment CompanyBenchmarkNifty 500 TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4016.44 Cr35.9%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4016.44 Cr34.4%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35473.88 Cr38.2%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3174.82 Cr34.5%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3174.82 Cr33.0%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹47.16 Cr40.2%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.5%0.0%₹47.16 Cr37.9%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹279.40 Cr55.7%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹279.40 Cr52.9%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1603.92 Cr29.9%

About the AMC

Total AUM

₹30,305 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
LIC MF Large & Mid Cap Fund Direct Growth

Very High Risk

0.5%1.0%₹2551.04 Cr41.6%
LIC MF Aggressive Hybrid Fund Direct Growth

Very High Risk

1.4%1.0%₹507.21 Cr28.5%
LIC MF Medium to Long Duration Bond Fund Direct Growth

Moderate Risk

0.2%0.0%₹185.31 Cr7.6%
LIC MF Flexi Cap Fund Direct Growth

Very High Risk

1.3%1.0%₹942.29 Cr35.9%
LIC MF Gilt Fund Direct Growth

Moderate Risk

0.8%0.0%₹47.00 Cr7.1%
LIC MF Banking & PSU Debt Fund Direct Growth

Moderate Risk

0.3%0.0%₹1351.81 Cr7.1%
LIC MF Large Cap Fund Direct Growth

Very High Risk

0.8%1.0%₹1395.24 Cr27.2%
LIC MF Low Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹1256.78 Cr7.3%
LIC MF S & P Sensex Index Fund Direct Growth

Very High Risk

0.4%0.0%₹78.25 Cr24.1%
LIC MF Nifty 50 Index Fund Direct Growth

Very High Risk

0.2%0.0%₹295.61 Cr27.3%
LIC MF Infrastructure Fund Direct Growth

Very High Risk

1.2%1.0%₹225.40 Cr67.4%
LIC MF Liquid Plan Direct Growth

Low to Moderate Risk

0.2%0.0%₹8304.96 Cr7.3%
LIC MF ELSS Direct Growth

Very High Risk

0.6%0.0%₹1021.77 Cr33.5%
LIC MF Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹134.78 Cr7.3%
LIC MF Arbitrage Fund Direct Growth

Low Risk

0.3%0.0%₹143.11 Cr7.9%
LIC MF Balanced Advantage Fund Direct Growth

Very High Risk

0.6%1.0%₹891.44 Cr17.5%
LIC MF Conservative Hybrid Fund Direct Growth

Moderately High risk

1.3%1.0%₹52.16 Cr8.3%
LIC MF Banking & Financial Services Fund Direct Growth

Very High Risk

0.5%1.0%₹289.55 Cr25.6%
LIC MF Money Market Fund Direct Growth

Low Risk

0.2%0.0%₹27.17 Cr6.9%
LIC MF Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹596.62 Cr6.8%
LIC MF Multi Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹902.06 Cr42.6%
LIC MF Ultra Short Duration Fund Direct Growth

Low to Moderate Risk

0.3%0.0%₹268.35 Cr6.8%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of LIC MF ELSS Direct Growth, as of 12-Apr-2024, is ₹145.41.
The fund has generated 33.45% over the last 1 year and 18.62% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 97.21% in equities, 0.00% in bonds, and 2.79% in cash and cash equivalents.
The fund managers responsible for LIC MF ELSS Direct Growth are:-
  1. Karan Doshi
  2. Dikshit Mittal