LIC MF Tax Plan Growth - Latest NAV, Returns, Performance & Portfolio

LIC MF Tax Plan Growth

  • highlight8.77%
  • highlight(+3.43)67.848

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  • Save up to Rs 46,800 in taxes every year.
  • Highest returns compared to other 80C investments.
  • Lowest lock-in of 3 years
Tax Saving FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%30%30%
Returns after tax i
4.2%5.6%8.4%
Current rate of Inflation i
4%4%4%
Real Rate of Return i
0.2%1.6%4.4%
Lock-in Period i
5 years15 years3 years

Fund Summarystar

PeriodReturns(per year)
10 Years9.49%
5 Years8.77%
3 Years9.07%
1 Year4.31%
6 Months3.77%
Fund Details
ISININF767K01956
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV67.848
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd7.67%
ICICI Bank Ltd5.74%
Infosys Ltd5.66%
Tata Consultancy Services Ltd5.33%
Bajaj Finance Ltd5.17%
City Union Bank Ltd4.5%
Bajaj Finserv Ltd3.92%
Avenue Supermarts Ltd3.54%
Reliance Industries Ltd3.36%
Kotak Mahindra Bank Ltd3.24%

About LIC MF Tax Plan

LIC MF Tax plan is an open ended equity linked scheme (ELSS) mutual fund from the house of LIC. This ELSS scheme also has a lock in period of 3 year with Tax exemption benefits of 80C. The fund’s investment objective is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. It is an open ended equity linked tax saving Scheme - previously called as Dhan Tax Saver 1997.

Pros & Cons of LIC MF Tax Plan

LIC MF Tax Plan offers 3 benefits:

  1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
  2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
  3. Being a star-rated fund, it has started the investment journey long back. In that short period, the fund has been able to beat the benchmark and the category in 5 year and 3 year period respectively.

Fund Information and Statistics of LIC MF Tax Plan

i) Inception / Launch date

LIC MF Tax Plan was launched on 31 March 1997 by LIC Mutual Fund.

ii) Risk level

Being a multi-cap fund, LIC MF Tax Plan is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.

iv) Fund Manager

Mr. Sachin Relekar, who holds a rich experience in finance domain across prestigious organisations, has been managing the LIC MF Tax Plan since March 2015.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in LIC MF Tax Plan

Tax benefits of investing in LIC MF Tax Plan

LIC MF Tax Plan has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.

About LIC Mutual Fund

Since its launch in April 1989, the LIC mutual fund has experienced consistent growth in the past 28 years. Being a well-renowned player in asset management domain, it has become a preferred fund manager amongst the investors. It follows a systematic investment decision combined with financial ethics.

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Start your investment

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Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
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Moderately High risk

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