LIC MF ELSS Tax Saver Growth

• Alpha -0.97%
• Beta 0.91
• Sharpe Ratio0.75
• Std Deviation 12.38%
• 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 1097.43 crores & has delivered CAGR of 12.98% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.15%. 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 HDFC Bank, ICICI Bank, Shakti Pumps India Ltd & AXIS Bank Ltd.

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

Some of the similar funds are Baroda BNP Paribas ELSS Tax Saver Fund Regular Plan Growth, Bank of India ELSS Tax Saver Fund Eco Growth, Sundaram ELSS Tax Saver Fund Regular Plan - Growth, Mahindra Manulife ELSS Tax Saver Fund Regular Plan Growth, LIC MF ELSS Tax Saver Growth. LIC MF ELSS Tax Saver Growth has a sharpe ratio of 0.75 & a standard deviation of 12.38%.