LIC MF ELSS Tax Saver Growth

• Alpha -0.97%
• Beta 0.91
• Sharpe Ratio0.53
• Std Deviation 14.38%
• Tracking Error 6.30%

To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However, there is no assurance that the investment objective of the Schemes will be realized.

The LIC MF ELSS Tax Saver Growth has an AUM of 1088.39 crores & has delivered CAGR of 21.67% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.18%. The minimum investment in LIC MF ELSS Tax Saver Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Icici Bank, Hdfc Bank, Shakti Pumps India & Treps.

The major sectors where the fund is invested are Regional Banks, Misc. Capital Goods, Software & Programming & Chemical Manufacturing.

Some of the similar funds are Bank of India ELSS Tax Saver Fund Eco Growth, Bank of India ELSS Tax Saver Fund Regular Growth, Baroda BNP Paribas ELSS Tax Saver Fund Regular Plan Growth, LIC MF ELSS Tax Saver Growth, Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth. LIC MF ELSS Tax Saver Growth has a sharpe ratio of 0.53 & a standard deviation of 14.38%.