LIC Mutual Funds Best Scheme: LIC Mutual Fund ELSS Tax Saver Fund has turned a lump sum investment of Rs 1 lakh into Rs 16.50 lakh since its launch. Those who deposited Rs 5000 in this scheme on monthly basis now got around Rs 1.30 crore. This tax saving scheme of LSC has proved to be a wealth creator for investors. This scheme is better for those who want to maintain their investment for a long period.
SIP Magic: Mr.
This fund was started on 31 March 1997. That means it will be defeated for 28 years in March next year. Since its launch, this fund has given around 13 percent annualized returns to SIP investors. Whereas those who invested one time got about 11 percent annualized return. The AUM of the fund was Rs 1139.84 crore as of the end of October 31, 2024, while the expense ratio of the regular plan was 2.13 percent, the expense ratio of the direct plan was 0.96 percent.
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LIC MF ELSS Tax Saver: Scheme made Rs 1 lakh Rs 16.69 lakh
LIC Mutual Fund ELSS Tax Saver Fund was launched on 31 March 1997. Since its inception, this fund has given an annual return of 10.75 percent on lump sum investment. If someone initially invested Rs 1 lakh in this fund, then the value of his investment increased to Rs 16,69,320. That means the fund increased the investment by 16.50 times. Returns of 1 year, 3 years and 5 years have also been high.
Total return since launch: 10.74% per annum
Value of investment of Rs 1 lakh: Rs 16,69,320
Lump sum return in 5 years: 15.92% per annum
Value of investment of Rs 1 lakh: Rs 2,09,510
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SIP returns of the fund
LIC Mutual Fund ELSS Tax Saver Fund has SIP return data of 27 years. The annualized SIP return of the fund is around 13 percent over 27 years. In this scheme, the value of SIP of those who invested Rs 5000 on monthly basis has now become Rs 1,28,68,705 i.e. Rs 1.29 crore.
SIP return in 27 years: 12.99% per annum
Monthly SIP amount: Rs 5000
Total investment in 27 years: Rs 16,20,000
SIP value after 27 years: Rs 1,28,68,705
This fund has given returns of 24.90 per cent per annum on 1 year SIP, 22.03 per cent per annum on 3 years SIP, 20.36 per cent per annum on 5 years SIP, 17.01 per cent per annum on 7 years SIP and 14.57 per cent per annum on 10 years SIP. By doing monthly SIP of Rs 5000 for 10 years, investors got Rs 12,85,848.
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Portfolio: Top Sector
Banks: 21.22%
It – Software : 9.31%
Consumer Durables: 7.53%
Industrial Products: 7.22%
Retail : 6.91%
Finance: 5.65%
Auto Components : 5.09%
Automobiles : 4.55%
Pharmaceuticals: 3.65%
Electrical Equipment : 3.24
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holding pattern
LIC Mutual Fund ELSS Tax Saver Fund has 98.85 per cent equity holdings and 1.15 per cent cash and other receivables. Talking about equity, there is 63.81% allocation in largecap, 15.74% in midcap and 19.30% in smallcap.
(Note: We have given information here based on the performance of a mutual fund scheme. This is not investment advice. There are risks in the market, so consult a financial advisor before investing.)
