Investment type
LIC MF ELSS Tax Saver - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by LIC Mutual Fund. It was launched on 20 Apr 1994, and has been active for over 31 years. As of 31 Mar 2025 the fund manages assets worth ₹1,143 Crores. The expense ratio is 0.97%.
This fund generated returns of 3.66% in the last 1 year. Since its inception, it has provided an average annual return of 16.15%.
The fund's investments are mainly concentrated in sectors like Banks, Industrial Products, IT-Software, Consumer Durables and Finance.
The top five holdings in this fund include prominent companies such as HDFC Bank, ICICI Bank, Shakti Pumps, Axis Bank and Cholaman.Inv.&Fn.
The scheme aims is to provide capital growth to the investor along with tax rebate and tax relief to investors through prudent investments in the stock markets
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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