LIC MF Large Cap Fund Large Cap
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|Risk||Moderately High risk|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||8.58%|
|ICICI Bank Ltd||8.26%|
|Kotak Mahindra Bank Ltd||7.45%|
|Bajaj Finserv Ltd||6.61%|
|Bajaj Finance Ltd||6.25%|
|Tata Consultancy Services Ltd||5.98%|
|Reliance Industries Ltd||5.03%|
|Housing Development Finance Corp Ltd||4.5%|
|Avenue Supermarts Ltd||3.8%|
About LIC MF Large Cap Fund
The LIC MF Large Cap Fund is an open-ended equity (large-cap) scheme. It seeks to offer long-term capital growth by predominantly investing in equity and equity-related securities of large-cap companies including derivatives.
Pros & Cons of LIC MF Large Cap Fund
- While the scheme primarily invests in stocks of large-cap companies, the fund manager might use equity derivatives and/or cash within the permissible limits to hedge and to rebalance the portfolio.
- As on September 30, 2018, the scheme is ranked 4 under CRISIL’s Large-cap Fund category. Further, it has generated returns of 14.2% per year over the last 10 years (as on December 31, 2018).
Fund Information and Statistics of LIC MF Large Cap Fund
i) Inception/ Launch date
The scheme was launched on 31 August 1994 by LIC Mutual Fund.
ii) Risk level
The scheme is suitable for investors with a long-term investment horizon and primarily invests in large-cap stocks. It has a moderately-high risk level.
The minimum redemption amount is Rs. 500. The Mutual Fund will dispatch the redemption proceeds within 10 business days of the receipt of a valid redemption request at the official points of acceptance.
iv) Fund Manager
Mr. Sachin Relekar is the Fund Manager of the LIC MF Large Cap Fund since 05.03.2015.
v) Entry / Exit load
There is no entry load in this scheme.
The exit load structure is as follows: 1. There is no exit load for redemptions of units made after one year from the date of allotment of the said units. 2. For the units redeemed within one year from the date of allotment of the units, the exit load is 1% of the NAV.
Tax benefits of investing in LIC MF Large Cap Fund
The following taxes are applicable to income arising from investing in this scheme: 1. If the units are held for a period of less than 12 months – STCG tax – 15 percent on redeemed units. 2. If the units are held for a period of more than 12 months – LTCG (in excess of Rs 1 lakh) – 10 percent without indexation benefits.
About LIC Mutual Fund
The LIC of India established the LIC Mutual Fund in 1989. It is one of the well-known players in the asset management landscape. With a high standard of financial ethics and corporate governance, LIC Mutual Fund is emerging as a preferred Mutual Fund house among the investor fraternity.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns