LIC MF ELSS Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (04-Oct-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹1,192 Cr
Expense Ratio
0.96%
ISIN
INF767K01EM1
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹176.13, Assets Under Management (AUM) of 1192.26 Crores, and an expense ratio of 0.96%.
- LIC MF ELSS Direct Growth has given a CAGR return of 16.25% since inception.
- The fund's asset allocation comprises around 98.00% in equities, 0.00% in debts, and 2.00% in cash & cash equivalents.
- You can start investing in LIC MF ELSS Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
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
+39.32%
+39.70% (Cat Avg.)
3 Years
+16.79%
+17.77% (Cat Avg.)
5 Years
+19.37%
+22.11% (Cat Avg.)
10 Years
+14.80%
+15.29% (Cat Avg.)
Since Inception
+16.25%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹1,168.44 Cr | 98.00% |
| Others | ₹23.82 Cr | 2.00% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| ICICI Bank Ltd | Equity | ₹83.7 Cr | 7.02% |
| HDFC Bank Ltd | Equity | ₹75 Cr | 6.29% |
| Shakti Pumps (India) Ltd | Equity | ₹66.6 Cr | 5.59% |
| Trent Ltd | Equity | ₹51.64 Cr | 4.33% |
| Infosys Ltd | Equity | ₹39.9 Cr | 3.35% |
| State Bank of India | Equity | ₹37.56 Cr | 3.15% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹30.69 Cr | 2.57% |
| Axis Bank Ltd | Equity | ₹29.47 Cr | 2.47% |
| Treps | Cash - Repurchase Agreement | ₹26.07 Cr | 2.19% |
| Larsen & Toubro Ltd | Equity | ₹25.54 Cr | 2.14% |
| PI Industries Ltd | Equity | ₹24.28 Cr | 2.04% |
| Power Finance Corp Ltd | Equity | ₹23.58 Cr | 1.98% |
| Kirloskar Oil Engines Ltd | Equity | ₹23.5 Cr | 1.97% |
| Reliance Industries Ltd | Equity | ₹23.3 Cr | 1.95% |
| Titan Co Ltd | Equity | ₹23.1 Cr | 1.94% |
| Blue Star Ltd | Equity | ₹22.38 Cr | 1.88% |
| ABB India Ltd | Equity | ₹21.77 Cr | 1.83% |
| Grasim Industries Ltd | Equity | ₹21.7 Cr | 1.82% |
| Zomato Ltd | Equity | ₹21.17 Cr | 1.78% |
| Bharat Forge Ltd | Equity | ₹21.16 Cr | 1.77% |
| ITC Ltd | Equity | ₹20.53 Cr | 1.72% |
| SRF Ltd | Equity | ₹20.17 Cr | 1.69% |
| Varun Beverages Ltd | Equity | ₹19.45 Cr | 1.63% |
| Mahindra & Mahindra Ltd | Equity | ₹19.17 Cr | 1.61% |
| Maruti Suzuki India Ltd | Equity | ₹18.7 Cr | 1.57% |
| KPIT Technologies Ltd | Equity | ₹17.79 Cr | 1.49% |
| HCL Technologies Ltd | Equity | ₹17.56 Cr | 1.47% |
| Bajaj Finserv Ltd | Equity | ₹17.17 Cr | 1.44% |
| Hindustan Unilever Ltd | Equity | ₹17.11 Cr | 1.43% |
| Eicher Motors Ltd | Equity | ₹16.74 Cr | 1.40% |
| Blue Dart Express Ltd | Equity | ₹16.53 Cr | 1.39% |
| Thermax Ltd | Equity | ₹14.74 Cr | 1.24% |
| Eureka Forbes Ltd | Equity | ₹14.37 Cr | 1.20% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹14.34 Cr | 1.20% |
| Craftsman Automation Ltd | Equity | ₹13.81 Cr | 1.16% |
| Metro Brands Ltd | Equity | ₹13.68 Cr | 1.15% |
| ZF Commercial Vehicle Control Systems India Ltd | Equity | ₹13.48 Cr | 1.13% |
| CCL Products (India) Ltd | Equity | ₹13.08 Cr | 1.10% |
| Affle India Ltd | Equity | ₹13.05 Cr | 1.09% |
| Nestle India Ltd | Equity | ₹12.93 Cr | 1.08% |
| LTIMindtree Ltd | Equity | ₹12.79 Cr | 1.07% |
| Safari Industries (India) Ltd | Equity | ₹12.69 Cr | 1.06% |
| EIH Ltd | Equity | ₹12.4 Cr | 1.04% |
| Zydus Lifesciences Ltd | Equity | ₹12.17 Cr | 1.02% |
| Mankind Pharma Ltd | Equity | ₹11.99 Cr | 1.01% |
| Coromandel International Ltd | Equity | ₹11.71 Cr | 0.98% |
| Coforge Ltd | Equity | ₹11.54 Cr | 0.97% |
| Avenue Supermarts Ltd | Equity | ₹11.35 Cr | 0.95% |
| Navin Fluorine International Ltd | Equity | ₹10.93 Cr | 0.92% |
| Schaeffler India Ltd | Equity | ₹10.53 Cr | 0.88% |
| Tata Elxsi Ltd | Equity | ₹10.23 Cr | 0.86% |
| UltraTech Cement Ltd | Equity | ₹9.21 Cr | 0.77% |
| Piramal Pharma Ltd | Equity | ₹9.09 Cr | 0.76% |
| Abbott India Ltd | Equity | ₹8.98 Cr | 0.75% |
| Kotak Mahindra Bank Ltd | Equity | ₹7.72 Cr | 0.65% |
| JK Tyre & Industries Ltd | Equity | ₹7.65 Cr | 0.64% |
| Grindwell Norton Ltd | Equity | ₹7.05 Cr | 0.59% |
| Net Receivables / (Payables) | Cash | ₹-2.25 Cr | 0.19% |
Allocation By Market Cap (Equity)
Large Cap Stocks
62.13%
Mid Cap Stocks
14.87%
Small Cap Stocks
21.00%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹304.91 Cr | 25.57% |
| Consumer Cyclical | ₹270.28 Cr | 22.67% |
| Industrials | ₹198.1 Cr | 16.62% |
| Technology | ₹109.79 Cr | 9.21% |
| Consumer Defensive | ₹108.78 Cr | 9.12% |
| Basic Materials | ₹97.99 Cr | 8.22% |
| Healthcare | ₹42.23 Cr | 3.54% |
| Energy | ₹23.3 Cr | 1.95% |
| Communication Services | ₹13.05 Cr | 1.09% |
Risk & Performance Ratios
Standard Deviation
This fund
12.41%
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
0.92
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
Yogesh Patil
Since July 2024
Dikshit Mittal
Since July 2023
Additional Scheme Detailsas of 31st August 2024
ISIN | INF767K01EM1 | Expense Ratio | 0.96% | Exit Load | No Charges | Fund Size | ₹1,192 Cr | Age | 11 years 9 months | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment 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
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only 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 name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4806.05 Cr | 39.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4806.05 Cr | 37.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 35.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 37.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4152.25 Cr | 35.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.61 Cr | 39.9% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.61 Cr | 37.6% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 55.2% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.29 Cr | 52.4% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 28.5% |
About the AMC
Total AUM
₹31,651 Cr
Address
4th Floor, Industrial Assurance Building, Mumbai, 400 020
Other Funds by LIC Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
Unlock Expert Insights!
Related Articles
Still got questions?
We're here to help.
What is the current NAV of LIC MF ELSS Direct Growth?
What are the returns of LIC MF ELSS Direct Growth?
What is the portfolio composition of LIC MF ELSS Direct Growth?
Who manages the LIC MF ELSS Direct Growth?
- Yogesh Patil
- Dikshit Mittal
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.