About LIC MF Tax Direct Plan - Dividend Payout
LIC MF Tax Direct Plan - Dividend Payout is a Tax Saver
mutual fund scheme from LIC Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund manager Sachin Relekar
. It has an AUM of ₹223.01 Crores and the latest NAV decalared is ₹16.404 as on 03 Jul 2020 at 6:53 pm.
LIC MF Tax Direct Plan - Dividend Payout scheme return performance in last 1 year is -11.57%, in last 3 years is 8.28% and 111.60% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
Earlier known as Dhan Tax Saver '97, the scheme seeks maximum capital growth with equity allocation up to 85 per cent of the corpus. Allocation to debentures and money market instruments can be up to 15 per cent each. It was made open-ended in April 2000.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.