LIC MF Tax Plan-Regular Plan-Growth

Fund House: LIC Mutual Fund
Category: Equity: ELSS
Launch Date: 31-03-1997
Asset Class: Equity
Benchmark: NIFTY 500 TRI
Expense Ratio: 2.53% As on (31-05-2020)
Status: Open Ended Schemes
Minimum Investment: 500.0
Minimum Topup: 500.0
Total Assets: 223.02 Cr As on (31-05-2020)
Turn over: 103% | Exit Load: Nil

61.0788

8.08%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
NIFTY 500 TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
8 Years 5 Months
10 Years 9 Months
17 Years 9 Months
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

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 -6.93 -3.04 1.45 3.95 7.96
BOI AXA Tax Advantage Fund-Regular Plan- Growth 25-02-2009 8.2 -1.35 4.58 6.84 9.17
Shriram Long Term Equity Fund - Regular Growth 18-01-2019 2.32 - - - -
Quant Tax Plan-Growth 01-04-2000 0.57 1.77 2.68 10.14 6.77
Aditya Birla Sun Life Tax Relief 96 - Growth Option 05-03-1996 0.47 -2.34 2.6 6.88 10.11
BNP Paribas Long Term Equity Fund - Growth Option 05-01-2006 0.46 1.9 2.14 4.6 10.79
Canara Robeco Equity Taxsaver Fund - Regular Plan - Growth 31-03-1993 0.2 3.42 5.76 6.81 9.98
Union Long Term Equity Fund - Growth Option 23-12-2011 -0.08 0.33 2.37 2.85 -
Axis Long Term Equity Fund - Regular Plan - Growth 01-12-2009 -0.3 0.23 6.13 7.64 14.46
Aditya Birla Sun Life Tax Plan - Regular Plan - Growth Option 16-02-1999 -0.65 -3.34 1.84 6.2 10.96

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

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

5.1%

Others

13.44%

Large Cap

57.19%

Mid Cap

24.27%

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

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