LIC MF Tax Plan(D)-Direct Plan

LIC MF Tax Plan(D)-Direct Plan
Dividend Yearly
0.25  (As on 25-06-2019)
Category
Equity - Tax Saving
52-week NAV high
27.39  (As on 28-11-2019)
52-week NAV low
23.01  (As on 19-02-2019)
Expense
1.5%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.02 11.28 5.70 13.77 8.09 14.90 12.66 8.90 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
0
Launch Date
Jan 01, 2013
Last Dividend
0.25
Minimum Investment
500

The LIC Mutual Fund is managed by the LIC Mutual Fund Asset Management Limited. The trustee company is called LIC Mutual Fund Trustee Private Limited. The mutual fund is sponsored by the Life Insurance Corporation (LIC) of India.

The LIC MF Tax Plan is an open-ended equity linked savings scheme that offers tax benefits and has a statutory lock-in period of 3 years. Previously, it was known as the Dhan Tax Saver 1997.

Investment Objectives of the LIC MF Tax Plan - Direct Plan - Dividend Option

The main objective of investment of the LIC MF Tax Plan - Direct Plan - Dividend Option is to generate growth of capital in addition to providing tax benefits through investments made in the stock market. However, the realisation of the objective of the investment is not guaranteed.

Key Features of the LIC MF Tax Plan - Direct Plan - Dividend Option

The main features of the LIC MF Tax Plan - Direct Plan - Dividend Option can be listed as follows:

Type of fund An open-ended equity linked savings scheme that offers tax benefits and has a statutory lock-in period of 3 years.
Plans available
  • LIC MF Tax Plan - Sensex Plan - Regular Plan
  • LIC MF Tax Plan - Sensex Plan - Direct Plan
Options under each plan
  • LIC MF Tax Plan - Sensex Plan - Regular Plan - Growth Plan
  • LIC MF Tax Plan - Sensex Plan - Regular Plan - Dividend Plan
    • Dividend Payout Option
  • LIC MF Tax Plan - Sensex Plan - Direct Plan - Growth Plan
  • LIC MF Tax Plan - Sensex Plan - Direct Plan - Dividend Plan
    • Dividend Payout Option
Risk Moderately High
Systematic Investment Plan (SIP) Available
Systematic Transfer Plan (STP) Available
Systematic Withdrawal Plan (SWP) Not Available

Investment Amount for the LIC MF Tax Plan - Direct Plan - Dividend Option

Minimum application amount Rs.500 and in multiples of Rs.500 thereafter
Minimum additional investment Rs.500 and in multiples of Rs.500 thereafter
Minimum instalment for Systematic Investment Plan (SIP)
  • Daily basis: Minimum amount: Rs.500 per instalment and in multiples of Rs.500 thereafter
  • Monthly basis: Minimum amount: Rs.500 per instalment and in multiples of Rs.500 thereafter
  • Quarterly basis: Minimum amount: Rs.1,500 per instalment and in multiples of Rs.500 thereafter
Minimum instalment for Systematic Withdrawal Plan (SWP) N/A
Minimum instalment for Systematic Transfer Plan (STP)
  • Daily basis: Minimum amount: Rs.100 per instalment and in multiples of Re.1 thereafter
  • Monthly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
  • Quarterly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
Entry Load N/A
Exit Load Nil

Asset Allocation for the LIC MF Tax Plan - Direct Plan - Dividend Option

Type of security Indicative Allocations (percentage of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Equity and other instruments related to equity 80% 100% Medium to High
Money market instruments and cash, G-Secs debt and instruments related to debt 0% 20% Low to Medium

NAV Disclosure and Benchmark of the LIC MF Tax Plan - Direct Plan - Dividend Option

The NAV or Net Asset Value of the fund denotes the value of each unit under the scheme. This value is required to be calculated and published by the end of every working day. The NAV of the fund is published in the official website of LIC Mutual Fund as well as the official website of AMFI. It is also required to be published in at least 2 national daily newspapers. The NAV is calculated and rounded off up to 4 decimal places. The valuation is done on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. As per the recommendation, the following formula is used to determine the NAV:

Net Asset Value (NAV) = (Market value or Fair value of the investments under the scheme + Current assets - Current liabilities and provisions) / Number of outstanding units under the scheme on the date of calculation.

The benchmark of the LIC MF Tax Plan is Nifty 500 Index.

LIC MF Tax Plan - Direct Plan - Dividend Option Fund Manager

The LIC MF Tax Plan - Direct Plan - Dividend Option is managed by Mr. Sachin Relekar. He has been managing the fund since 5 March 2015. He has an MMS (Finance) degree from Jamnalal Bajaj Institute of Management Studies along with a B.E. (Mech.) degree from K.E.S. College of Engineering, Islampur.

Why should you invest in LIC MF Tax Plan - Direct Plan - Dividend Option?

The LIC Mutual Fund is one of the oldest and fastest growing mutual funds in India. It has customers spread across the entire country. It is a reliable mutual fund as it is backed by the Life Insurance Corporation (LIC) of India. If the investment objectives of the LIC MF Tax Plan - Direct Plan - Dividend Option satisfies the investment objectives of an investor, it is a great option to invest in.

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