LIC Tax Saver Mutual Funds

LIC ELSS mutual funds are diversified equity funds that provide long-term wealth creation opportunities in a tax-efficient manner. These funds have a three-year lock-in period and are ideal for investors with a higher risk tolerance.

Filters

SIP Duration

5Y Returns

  • 1Y Returns

  • 2Y Returns

  • 3Y Returns

  • 4Y Returns

  • 5Y Returns

Risk

  • High

  • Low

  • Low to Moderate

  • Moderate

  • Moderately High

  • Very High

  • 360 ONE Mutual Fund

  • Aditya Birla Sun Life Mutual Fund

  • Axis Mutual Fund

  • Bajaj Finserv Mutual Fund

  • Bandhan Mutual Fund

  • Bank of India Mutual Fund

  • Baroda BNP Paribas Mutual Fund

  • Canara Robeco Mutual Fund

  • DSP Mutual Fund

  • Edelweiss Mutual Fund

  • Franklin Templeton Mutual Fund

  • Groww Mutual Fund

  • HDFC Mutual Fund

  • HSBC Mutual Fund

  • Helios Mutual Fund

  • ICICI Prudential Mutual Fund

  • IDBI Mutual Fund

  • IIFCL Mutual Fund

  • IL&FS Mutual Fund (IDF)

  • ITI Mutual Fund

  • Invesco Mutual Fund

  • JM Financial Mutual Fund

  • Kotak Mahindra Mutual Fund

  • L&T Mutual Fund

  • LIC Mutual Fund

  • Mahindra Manulife Mutual Fund

  • Mirae Asset Mutual Fund

  • Motilal Oswal Mutual Fund

  • NJ Mutual Fund

  • Navi Mutual Fund

  • Nippon India Mutual Fund

  • Old Bridge Mutual Fund

  • PGIM India Mutual Fund

  • PPFAS Mutual Fund

  • Quant Mutual Fund

  • Quantum Mutual Fund

  • SBI Mutual Fund

  • Samco Mutual Fund

  • Shriram Mutual Fund

  • Sundaram Mutual Fund

  • Tata Mutual Fund

  • Taurus Mutual Fund

  • Trust Mutual Fund

  • UTI Mutual Fund

  • Union Mutual Fund

  • WhiteOak Capital Mutual Fund

  • Zerodha Mutual Fund

Fund Category

  • Equity Linked Savings Scheme

Best Mutual Funds 2024

Result Showing 1-4 of 4 Mutual Funds

    Mutual Fund Schemes
    Category
    Nav
    5Y Returns
    AUM
    (in Cr.)
    Compare
    elss
    142.19Feb 23, 2024
    15%
    ₹1,021

    Add to Compare

    elss
    31.49Feb 23, 2024
    15%
    ₹1,021

    Add to Compare

    elss
    126.74Feb 23, 2024
    14%
    ₹1,021

    Add to Compare

    elss
    26.61Feb 23, 2024
    14%
    ₹1,021

    Add to Compare

    Result Showing 1-4 of 4 Mutual Funds

    Investment Objective of LIC ELSS Mutual Funds

    LIC ELSS mutual funds are diversified equity funds that seek to provide long-term growth opportunities for investors. The mandate of the fund requires it to invest in a predetermined proportion of equity and equity-related instruments. The fund manager will conduct an in-depth analysis to select quality stocks to ensure that LIC ELSS mutual fund returns remain in line with expectations. The lock-in period for these funds is three years. Investing in LIC ELSS mutual fund schemes qualifies you for a tax deduction of up to INR 1.5 lakh under the Income Tax Act Section 80C. The amount you invest in this case is deducted from your taxable income. It reduces your overall tax burden.

    Risks Involved in LIC ELSS Mutual Fund

    When compared to debt and balanced funds, the LIC ELSS mutual fund risk ranges from moderate to high. The value of the fund may change in response to changes in the underlying stock price. Changes in stock market price and volume, interest rates, exchange rates, government policies, tax laws, and other economic developments can all affect stock prices. Because of their well-diversified portfolios, these funds are less risky than pure small-cap/mid-cap funds and sector/theme-based funds. Furthermore, the inherent risks may average out over longer investment periods. Investors should consider their own risk tolerance before investing in the scheme.

    Return Potential of LIC ELSS Mutual Fund

    Investing in LIC ELSS Funds provides both capital appreciation and regular dividend payments. Capital appreciation occurs when the underlying stock prices rise over a given investment horizon. The fund manager can make asset allocation decisions without fear of frequent fund redemptions during the three-year lock-in period. This comprehensive approach may yield higher returns in the long run. Over a 5-year period, LIC ELSS mutual fund returns range between 12% and 15%. The performance of LIC ELSS mutual funds may vary over time, and returns are not guaranteed, and fund performance may vary over time. An aggressive investor may consider adding a few small/mid-cap funds to the overall portfolio to boost returns.

    Who Should Invest in LIC ELSS Mutual Fund?

    Higher risk-tolerant investors ought to think about LIC ELSS mutual funds. These funds have a three-year lock-in period, which is the shortest among other tax-saving choices. They are, therefore, perfect for long-term, tax-efficient wealth growth. Investors can invest in the top LIC ELSS mutual funds for long-term objectives, including home purchase, retirement planning, and kid education. You must maintain your investment throughout the lock-in period in order to fully realise the potential of these funds. This could also mean investing extra money that you won't need in the near future in these funds.

    Things To Consider Before Investing in LIC ELSS Mutual Fund

    You must consider the following points before investing in LIC ELSS mutual funds.

    • The Consistency of ELSS Funds
    • Performance of ELSS Funds
    • Investment Strategy of The ELSS Fund
    • Lump-Sum vs SIP
    • Growth & Dividend Options
    • Taxation

    Tax on LIC ELSS Mutual Fund

    Investing in LIC ELSS mutual funds entitles you to a tax deduction of up to INR 1.5 lakh under Section 80C of the Income Tax Act. In this case, your investment amount is deducted from your taxable income. It lowers your total tax liability.

    Get your latest Credit Score, FREE

    Frequently Asked Questions (FAQs)

    How is LIC ELSS Mutual Fund doing?

    LIC ELSS mutual funds are performing well.

    Is LIC ELSS Mutual Fund Safe?

    Mutual funds are subjected to market risks. The fund managers allocate funds to minimise the risk and diversify the portfolio.

    Is it good to invest in equity funds?

    Yes, it is good to invest in equity mutual funds.
    Urban Money