LIC MF Tax Plan-Regular Plan-Growth
| Category: Equity: ELSS |
| Launch Date: 31-03-1997 |
| Asset Class: Equity |
| Benchmark: NIFTY 500 TRI |
| Expense Ratio: 2.47% As on (30-11-2019) |
| Status: Open Ended Schemes |
| Minimum Investment: 500.0 |
| Minimum Topup: 500.0 |
| Total Assets: 262.71 Cr As on (31-12-2019) |
| Turn over: 100% | Exit Load: Nil |
75.0441
0.3 (0.398%)
9.24%
NIFTY 500 TRI 16.37%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
Earlier known as Dhan Taxsaver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
Current Asset Allocation (%)
Indicators
| Volatility | 13.8 |
| Sharp Ratio | 0.76 |
| Alpha | -1.7 |
| Beta | 1.01 |
| Yield to Maturity | - |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| LIC MF Tax Plan-Regular Plan-Growth | 31-03-1997 | 17.65 | 5.82 | 14.45 | 8.76 | 10.33 |
| Axis Long Term Equity Fund - Regular Plan - Growth | 29-12-2009 | 21.62 | 8.89 | 17.66 | 10.9 | 17.54 |
| JM Tax Gain Fund - Growth option | 31-03-2008 | 19.65 | 6.2 | 15.53 | 10.27 | 9.78 |
| BOI AXA Tax Advantage Fund-Regular Plan- Growth | 25-02-2009 | 19.18 | -1.6 | 13.88 | 8.78 | 9.1 |
| Mirae Asset Tax Saver Fund-Regular Plan-Growth | 05-12-2015 | 17.85 | 6.06 | 17.63 | - | - |
| Motilal Oswal Long Term Equity Fund (MOFLTE) - Regular Plan - Growth Option | 05-01-2015 | 17.8 | 2.56 | 13.82 | - | - |
| BNP Paribas Long Term Equity Fund - Growth Option | 05-01-2006 | 17.41 | 3.24 | 13.39 | 8.15 | 12.46 |
| DSP Tax Saver Fund - Regular Plan - Growth | 05-01-2007 | 17.37 | 3.55 | 12.36 | 10.59 | 12.96 |
| Kotak Tax Saver-Scheme-Growth | 23-11-2005 | 16.85 | 5.76 | 12.96 | 9.57 | 11.0 |
| Tata India Tax Savings Fund-Growth-Regular Plan | 13-10-2014 | 15.36 | 2.56 | 13.81 | 11.5 | - |
Scheme Characteristics
Minimum investment in equity & equity related instruments - 80% of total assets (in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance).
Riskometer
PORTFOLIO
Market Cap Distribution
Small Cap
6.73%
Others
18.24%
Large Cap
52.69%
Mid Cap
22.86%
Scheme Documents
There are no scheme documents available
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#
Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **
# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund
