Holdings (59)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 11.4642886% |
| Axis Bank Ltd. | Financial | Equity | 3.60535358% |
| HDFC Bank Ltd. | Financial | Equity | 3.25291187% |
| State Bank of India | Financial | Equity | 2.69960046% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.62749339% |
| ICICI Bank Ltd. | Financial | Equity | 2.47003509% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.31184101% |
| Onesource Specialty Pharma Ltd. | Healthcare | Equity | 2.17351315% |
| Arvind Fashions Ltd. | Textiles | Equity | 2.06461676% |
| Mahindra & Mahindra Ltd. | Automobile | Equity | 1.91304475% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 5.17% | 11.16% | 9.64% | 10.25% |
| Category Average | 2.19% | 15.99% | 15.61% | NA% |
| Rank Within Category | 31.00% | 69.00% | 55.00% | NA% |
Expense ratio, exit load and tax
Expense ratio: 1.51%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
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
Managed Schemes
LIC MF Equity Savings Fund Direct Growth
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Medium to Long Duration Fund Direct Growth
LIC MF Gilt Fund Direct Growth
LIC MF Children's Fund Direct Growth
LIC MF Low Duration Fund Direct Growth
LIC MF Banking & PSU Fund Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Duration Fund Direct Growth
LIC MF Ultra Short Duration Fund Direct Growth
Education
Mr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities