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LIC MF ELSS Tax Saver: NAV, Returns, Investment Options & Tax Benefits 2025

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Invest in LIC MF ELSS Tax Saver for tax-saving benefits under Section 80C. Get latest NAV, returns, fund manager details, and investment strategies. 3-year lock-in period with capital growth potential.

Investment Objective and Approach

LIC MF ELSS Tax Saver is an open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The fund aims to provide capital growth along with tax rebate and tax relief to investors through prudent investments in the stock markets.

The fund follows a diversified equity investment approach, investing primarily in equity and equity-related securities across market capitalizations. The scheme focuses on investing in equity and equity related securities with Very High risk profile.

Key Investment Features:

- ELSS funds come with a lock-in of 3 years which is the lowest compared to other 80C investment options

- Minimum investment required is ₹500 for both lump sum and SIP options

- Benchmarked against Nifty 500 Index - TRI and NIFTY 50-TRI

- Tax benefits available under Section 80C up to Rs 1.5 lakh annually

Fund Managers

The fund is currently managed by Mr. Yogesh Patil (Equity - managing since 01/07/24) & Mr. Dikshit Mittal (Equity - managing since 31/07/23).

Mr. Yogesh Patil:

- Completed his Master of Business Administration in 2001 from Symbiosis Institute of Business Management

- Launched his career at Sahara Mutual Funds as an equity research analyst in 2006, later joined Canara Robeco Asset Management Company Limited as an Analyst in 2009, and worked as Senior Fund Manager (Equity) before joining LIC in 2018

- Currently serves as Head of Equities with more than 16 years of experience in the Indian Equity Markets

Mr. Dikshit Mittal:

- Has extensive experience of 15 years while managing equity & related investments and is focused on picking quality companies and holds them for a long duration to generate good compounding returns

About the Fund House (AMC)

LIC Mutual Fund is one of India's established asset management companies with a strong legacy in the financial services sector.

Company Overview:

- The AMC was established on April 1989 and had maintained an above average CRISIL rating and high investor affiliation for the past 30 years

- LIC Mutual Fund manages assets worth 38319 crores and was set up on 1994-04-20

- The company is led by its CEO Ravi Kumar Jha

- Current offering includes 70 debt, 56 equity, 51 hybrid, 20 other, 2 solution oriented funds

The fund house leverages LIC's extensive distribution network and brand recognition in the Indian financial market. LIC Mutual Fund focuses on providing comprehensive investment solutions across various asset classes while maintaining prudent risk management practices.

Should I Invest in LIC MF ELSS Tax Saver?

This fund may be suitable for:

- Investors who would like to participate in equity market and also want to avail tax exemption u/s 80C

- Investors looking for capital appreciation with long-term investment horizon

- Investors who have a moderately high-risk appetite

- Investors who have an investment horizon of more than 3 years

Key Considerations:

- Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

- The fund carries very high risk and returns are subject to market volatility

- Lock-in period is calculated from the date of investment, meaning SIPs will have different lock-in dates

Tax Implications:

- If mutual fund units are sold after 1 year from investment date, gains up to Rs 1.25 lakh in a financial year are exempt from tax

- Gains over Rs 1.25 lakh are taxed at the rate of 12.5%

- If units are sold within 1 year from investment date, entire amount of gain is taxed at 20%

FAQs

What is today's NAV of LIC MF ELSS Tax Saver?

The NAV varies daily based on market conditions. Please check the latest NAV on official fund tracking platforms for current pricing.

What is the AUM of LIC MF ELSS Tax Saver?

The fund has an AUM of ₹1,093.48 Crores as of February 2025, indicating substantial investor participation.

What is the expense ratio of LIC MF ELSS Tax Saver?

The expense ratio for regular plan is 2.16% and for direct plan is 0.97%, making direct plans more cost-effective for investors.

What are the returns of LIC MF ELSS Tax Saver since inception?

The scheme return performance shows 16.93% in last 1 year, 49.27% in last 3 years and 432.82% since scheme launch.

What is the minimum SIP amount to invest in LIC MF ELSS Tax Saver?

The minimum investment required to start investing in LIC MF ELSS Tax Saver is ₹500 for both lump sum and SIP options.

How do I invest in LIC MF ELSS Tax Saver?

You can invest through Allvest platform by completing your KYC, selecting the fund, and making payment through available digital modes like UPI or net banking.

How to start a SIP in LIC MF ELSS Tax Saver?

Start your SIP through Allvest by setting up a systematic investment plan with your preferred amount and frequency after completing the necessary documentation.

How do I automate an SIP in LIC MF ELSS Tax Saver?

Set up auto-debit mandate through Allvest platform which will automatically deduct your SIP amount from your registered bank account on scheduled dates.

How can I withdraw/redeem my investment in LIC MF ELSS Tax Saver?

ELSS funds have a mandatory 3-year lock-in period. Post lock-in, you can redeem through Allvest platform or contact the fund house directly.