LIC MF Equity Savings Fund Direct Growth

LIC MF Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Alok Ranjan is the Current Fund Manager of LIC MF Equity Savings Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹31,112 Cr and the Latest NAV as of 13 May 2024 is ₹27.39. The LIC MF Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. ;

Investment Objective

The scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. ;