1M
6M
1Y
3Y
5Y
All
| NAV: 13 May 2024 | ₹32.52 |
| Min. SIP amount | Not Supported |
| Rating | 1 |
| Fund size | ₹15.71Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Solution Oriented Children's
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 23.1% | 13.0% | 13.1% | 10.6% |
| Category average | 26.9% | 15.3% | 15.1% | NA |
| Rank with in category | 32 | 38 | 35 | NA |
Understand terms
Holdings (46)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 9.85% |
ICICI Bank Ltd. | Financial | Equity | 6.79% |
HDFC Bank Ltd. | Financial | Equity | 5.64% |
Reliance Industries Ltd. | Energy | Equity | 3.85% |
Trent Ltd. | Services | Equity | 3.29% |
State Bank of India | Financial | Equity | 3.23% |
Axis Bank Ltd. | Financial | Equity | 3.08% |
Larsen & Toubro Ltd. | Construction | Equity | 2.98% |
Infosys Ltd. | Technology | Equity | 2.89% |
Pitti Engineering Ltd. | Capital Goods | Equity | 2.43% |
See All
Pros and cons
Category: Solution Oriented Children's
Pros
Cons
Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Lock-in period: 5Y
Higher expense ratio: 1.86%
Low rating: 1
Expense ratio, exit load and tax
Expense ratio: 1.72%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Fund management
Karan DoshiJan 2021 - PresentView details
Karan Doshi
Jan 2021 - Present
View details
Education
Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Also manages these schemes
Pratik Harish ShroffSep 2023 - PresentView details
Pratik Harish Shroff
Sep 2023 - Present
View details
Education
Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience
Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
E-mail
[email protected]Website
www.licmf.com
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
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