Expense ratio, exit load and tax
Expense ratio: %
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience
Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Managed Schemes
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Nifty 50 Index Fund Direct Growth
LIC MF BSE Sensex Index Fund Direct Growth
Indiabulls Savings Income Fund Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth
LIC MF Gold ETF FoF Direct Growth
LIC MF Focused Fund Direct Growth
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.
Managed Schemes
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Flexi Cap Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Children's Fund Direct Growth
LIC MF Midcap Fund Direct Growth
LIC MF Dividend Yield Fund Direct Growth