INF397L01315

CASPeR Ranking #147

LIC MF Equity Savings Growth

Moderately High risk Equity Savings Allocation

NAV (Tue Sep 10 2024)

₹26

Returns (Since Inception)

8.13%

Category Average

9.36%

Rating

2

Allocation and Holdings

Asset class

Weightage

Unknown

29.72%

Technology

8.21%

Basic Materials

3.75%

Financial Services

3.63%

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Overall rating

100K+Downloads

Scheme Information

Fund name

LIC MF Equity Savings Growth


Minimum SIP

1000


Risk Level

Moderately High risk


AUM

₹19.38 Cr


ISIN

INF397L01315


Inception Date

Mar 07 2011


Standard Deviation

5.462


Beta

-


Sharpe Ratio

0.461


Benchmark

NIFTY Equity Savings TR INR


Expense Ratio

2.000%


Exit Load

Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment.

Risk

Moderately High risk

Investment Objective

The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Managers

Raju Sharma

Alok Ranjan

About the AMC

LIC Mutual Fund Asset Management Limited


Phone Number

+91 022-66016000

Email Address

cs.co@licmf.com

Corporate Office Address

LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,

Overall AUM

₹19.38 Cr


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frequently asked questions

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What is the current NAV of LIC MF Equity Savings Growth?

The NAV of LIC MF Equity Savings Growth is ₹26 as of Tue Sep 10 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

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Who is the fund manager of LIC MF Equity Savings Growth?

Raju Sharma is the current fund manager of LIC MF Equity Savings Growth as on Tue Sep 10 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

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What is the expense ratio of LIC MF Equity Savings Growth?

The Expense Ratio of LIC MF Equity Savings Growth is 200.00% as of Tue Sep 10 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 200.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

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What is the minimum SIP amount of LIC MF Equity Savings Growth?

The minimum Systematic Investment Plan (SIP) amount required for LIC MF Equity Savings Growth is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

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What is the minimum lump sum amount required to invest in LIC MF Equity Savings Growth?

To initiate a lump sum investment in LIC MF Equity Savings Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

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What is risk category of the LIC MF Equity Savings Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of LIC MF Equity Savings Growth is classified as Moderately High risk.

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What is the category of LIC MF Equity Savings Growth?

The category of the LIC MF Equity Savings Growth is Allocation.

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