LIC MF Tax Plan(G)-Direct Plan

LIC MF Tax Plan(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Tax Saving
52-week NAV high
77.01  (As on 28-11-2019)
52-week NAV low
64.67  (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 11.30 5.89 14.41 8.63 15.33 13.02 9.24 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
500

The LIC MF Tax Plan-Direct Plan Growth Option is offered by LIC Mutual Fund, established in 1989 by LIC of India. LIC Mutual Fund carries forward the legacy of financial accountability, integrity, and commitment to the welfare of the people that LIC of India has established.

The LIC MF Tax Plan - Direct Plan Growth Option is ideal for those looking for tax relief combined with appreciation of capital.

Investment Objective of LIC MF Tax Plan-Direct Plan Growth Option

The investment objective is to provide tax relief and tax rebates along with capital appreciation through safe investments in the stock markets.

Key Features of LIC MF Tax Plan

Some of the significant features of the LIC MF Tax Plan-Direct Plan Growth Option are as indicated in the table below:

Type of fund

An open-ended savings scheme that is linked to equities and also provides tax benefits and a lock-in period of 3 years.

Plans available

Regular Plan and Direct Plan options are available.

Options under each plan

Dividend Payout and Growth options are available under each plan.

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Not available

Investment Amount for LIC MF Tax Plan-Direct Plan Growth Option

Minimum application amount

Rs.500 and multiples of Rs.500 subsequently

Minimum additional investment

Rs.500 and multiples of Rs.500 subsequently

Minimum installment for Systematic Investment Plan (SIP)

Daily: Rs.500 and in multiples of Rs.500 subsequently

Monthly: Rs.500 and multiples of Rs.500 subsequently

Quarterly: Rs.1,500 and in multiples of Rs.500 subsequently

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500 and in multiples of Rs.500 subsequently (not demat units)

Entry Load

Nil

Exit Load

Nil (subject to 3-year lock-in period)

Asset Allocation for LIC MF Tax Plan-Direct Plan Growth Option

Instruments

Indicative Allocations

(Percentage of total assets)

Risk Profile

Minimum

Maximum

Equity and related instruments

80

100

Medium to high

Money market and debt instruments, cash, government securities

0

20

Low to medium

NAV Disclosure and Benchmark for LIC MF Tax Plan-Direct Plan Growth Option

NAV Calculation: The market value of the investments is added to the current assets. From this, the current provisions and liabilities are subtracted. The resulting figure is divided by the per unit number of outstanding units to generate the NAV.

NAV Disclosure: The first NAV is disclosed within 5 business days of the first allotment date. Subsequently, it is disclosed at the end of every business day.

Benchmark Index: Nifty 500 Index

LIC MF Tax Plan-Direct Plan Growth Option Manager

The manager for the LIC MF Tax Plan is Mr. Sachin Relekar, who has been managing this scheme since 2015. He is presently the Fund Manager in LIC Mutual Fund AMC. He has been working in the asset management field since 2007.

Why you should Invest in LIC MF Tax Plan-Direct Plan Growth Option

The LIC MF Tax Plan - Direct Plan Growth Option is for people who want to enjoy greater tax reliefs and rebates while also growing their money to the maximum. This is perfect for people who are averse to high risk as it invests prudently and has a statutory lock-in period of 3 years. The direct plan means lesser expense ratio. The minimum investment amount is a very affordable Rs.500 which makes it accessible for all. The growth option means that both the principal amount and interest are reinvested to give maximum appreciation of capital.

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