EquityELSSDirectGrowthVery High

LIC MF ELSS Tax Saver Fund

Q: What is the NAV of LIC MF ELSS Tax Saver Fund?

As of 01 Oct 2026, the NAV of LIC MF ELSS Tax Saver Fund is ₹163.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF ELSS Tax Saver Fund delivered?

LIC MF ELSS Tax Saver Fund has returned -5.64% over 1 year, +8.70% per year over 3 years, +8.38% per year over 5 years and +13.09% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund charges an expense ratio of 1.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund's largest holdings are ICICI Bank Ltd. (8.6%), HDFC Bank Ltd. (6.4%), Axis Bank Ltd. (4.4%), Cholamandalam Investment & Fin Co Ltd. (3.8%) and State Bank of India (3.3%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.7% and its worst peak-to-trough fall in our sample was -35.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF ELSS Tax Saver Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is managed by Sumit Bhatnagar and Nikhil Kapoor at LIC.

Q: How is LIC MF ELSS Tax Saver Fund taxed?

LIC MF ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

LIC Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹163.71

-1.08% 1D

as of 01 Oct 2026

This is the Direct plan of LIC MF ELSS Tax Saver Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-4.91%CAGR

52-week rangePrev NAV ₹165.50

Latest ₹163.71

Low ₹149.9947th percentile of its 52-week rangeHigh ₹179.08

Scorecard

★★☆☆☆2/5 vs 49 ELSS peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within ELSS (same plan and option).

PerformanceBelow avg

3Y CAGR +8.70% · ranks 35 of 49 ELSS funds

RiskModerate

Volatility 13.7% vs 14.8% category avg

CostHigh

1.3% expense vs 1.1% category avg

ConsistencyHigh

99% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 99% of rolling 3-year windows

Concerns

1-year return (-5.64%) trails the ELSS average (-1.07%)
3-year return (+8.70%) trails the ELSS average (+10.64%)
5-year return (+8.38%) trails the ELSS average (+11.07%)
Weaker risk-adjusted returns — Sharpe 0.16 below the ELSS average of 0.27
High expense ratio (1.31%) vs the ELSS average of 1.13%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.31%

Category 1.13%▲0.18%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

24.97

Category 24.16▲0.81

Excess return per unit of total volatility (rf = 6.5%)

0.16

Category 0.27▼0.11

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Nifty 500 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Jan 2013

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.75%

Absolute return over the last 3 months (not annualized)

-3.16%

Absolute return over the last 6 months (not annualized)

+6.86%

Absolute return since 1 Jan of this year (not annualized)

-7.50%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-5.64%

3-year annualized return (CAGR)

+8.70%

5-year annualized return (CAGR)

+8.38%

10-year annualized return (CAGR)

+11.84%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+13.09%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.73%

Excess return per unit of total volatility (rf = 6.5%)

0.16

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.22

Largest peak-to-trough decline over full history

-35.69%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-0.30%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.92

How much of the fund's movement Nifty 500 TRI explains

91.0%

Excess return per unit of beta (market risk)

2.83

Active return over the benchmark per unit of tracking error

-0.13

Annualized std dev of fund-minus-benchmark returns

4.73%

Fund's share of benchmark gains in up months (100 = matches index)

93.1%

Fund's share of benchmark losses in down months (lower is better)

92.7%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-4.75%	-5.30%	+0.55%
3M abs	-3.16%	-3.45%	+0.29%
6M abs	+6.86%	+8.65%	-1.79%
1Y CAGR	-5.64%	-1.07%	-4.57%
3Y CAGR	+8.70%	+10.64%	-1.94%
5Y CAGR	+8.38%	+11.07%	-2.69%

Category average across peers in ELSS (up to 49 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 49 peers in ELSS

1Y return

-5.64%

Beats 22.4% · rank #39

3Y return

+8.70%

Beats 29.2% · rank #35

5Y return

+8.38%

Beats 12.2% · rank #37

Sharpe

0.16

Beats 29.2% · rank #35

Sortino

0.22

Beats 29.2% · rank #35

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹7.17L

Absolute

+19.57%

XIRR

+7.31%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into LIC MF ELSS Tax Saver Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-7.50%	-7.18%	-0.32%
2025	+2.04%	+7.94%	-5.90%
2024	+24.20%	+16.43%	+7.77%
2023	+27.57%	+27.43%	+0.14%
2022	-0.52%	+4.34%	-4.86%
2021	+27.84%	+31.59%	-3.75%
2020	+10.32%	+18.33%	-8.01%
2019	+13.00%	+8.95%	+4.05%
2018	+0.11%	-2.33%	+2.44%
2017	+39.06%	+37.35%	+1.71%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,373

Expense ratio

1.31%

AUM

₹989.69Cr

Portfolio turnover

26%

Exit load

Nil (Subject to lock-in period of 3 years)

P/E ratio

25.0

P/B ratio

5.2

Avg market cap

₹3,00,249Cr

P/E & P/B are portfolio-weighted harmonic means across 48 of 53 equity holdings (92% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · ELSS

Compare all


LIC MF ELSS Tax Saver FundThis fund LIC · Direct · Growth	★★☆☆☆	-5.64%	+8.70%	+8.38%	24.97	1.31%	₹989.69Cr
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal · Direct · Growth	★★★☆☆	+7.05%	+19.92%	+16.59%	37.87	0.96%	₹4,627Cr
SBI Long Term Advantage Fund - Series V SBI · Direct · Growth	★★★★★	-0.59%	+19.29%	+14.54%	25.36	1.28%	₹345.73Cr
ITI ELSS Tax Saver Fund ITI · Direct · Growth	★★★★☆	+1.97%	+15.42%	+12.17%	21.57	0.93%	₹427.06Cr
JM ELSS - Tax Saver Fund JM Financial · Direct · Growth	★★★☆☆	+5.27%	+15.23%	+13.25%	29.08	1.34%	₹220.95Cr
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital · Direct · Growth	★★★★★	+1.44%	+14.95%	—	23.13	0.86%	₹453.00Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap54.8%
Mid cap18.4%
Small cap26.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.96%
Cash & Equivalents1.01%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Aditya Birla Sun Life Large Cap Fund Aditya Birla Sun Life · Large Cap Fund	42.5%	★★★☆☆	1.04%	+8.11%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	42.1%	★★★★☆	0.63%	+8.81%
Bandhan Large Cap Fund Bandhan · Large Cap Fund	41.5%	★★★☆☆	1.08%	+11.46%
Mahindra Manulife Large Cap Fund Mahindra Manulife · Large Cap Fund	41.4%	★★★★☆	1.09%	+7.12%
LIC MF Large Cap Fund LIC · Large Cap Fund	41.2%	★☆☆☆☆	1.37%	+6.90%
PGIM India Large Cap Fund PGIM India · Large Cap Fund	41.2%	★☆☆☆☆	1.09%	+6.54%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	40.8%	★★★☆☆	0.69%	+10.26%
Nippon India Balanced Advantage Fund Nippon India · Dynamic Asset Allocation or Balanced Advantage	40.4% of 72% equity	★★★☆☆	0.89%	+9.69%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-35.7%12 Feb 2020 → 23 Mar 2020
Fell over 40 days, back to the old high on 04 Dec 2020 — 8 months under water after the low.
-24.8%03 Mar 2015 → 25 Feb 2016
Fell over 12 months, back to the old high on 06 Sep 2016 — 6 months under water after the low.
-18.1%18 Oct 2021 → 17 Jun 2022
Fell over 8 months, back to the old high on 25 May 2023 — 11 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹989.69Cr

April - June 2026

-5%

since January - March 2026

+₹25.24Cr

est. net flow, last quarter

At or near its largest, ₹1,037Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

SBSumit BhatnagarManaging since 07 Apr 2026

Role

Fund Manager - Equity

Education

• MBA (Finance) – Rotman School of Management, university of Toronto • CFA – CFA Institute, USA • MBA (Finance) – I.M.S., Devi Ahilya University, Indore • BBA – P.I.M.R, Devi Ahilya University, Indore

Experience

Mr. Sumit Bhatnagar has an overall experience of 25 years in financial markets. – • Fund Manager of (Equity) – LIC Mutual Fund Asset Management Limited (With – rd effect from 3 October 2023) • Fund Manager (Equity) – Indiabulls Asset – Management Co. Ltd. (May 2021 – June 2023) • Head – Equity - Indiabulls Asset Management Co. Ltd. (February 2009 – January 2019)

Funds managed (17)

All schemes Sumit Bhatnagar runs →

NKNikhil KapoorManaging since 01 Jul 2026

Role

Head Research & Fund Manager – Equity

Experience

• Head Research & Fund Manager- Equity th (w.e.f. 7 April 2026) • • Senior Equity Research Analyst, LIC Mutual Fund Asset Management Limited th (26 December 2023) • Equity Research Analyst- JM Financial Servies Ltd. (January 2010 - December 2023)

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sumit Bhatnagar

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Axis Bank Ltd.Cholamandalam Investment & Fin Co Ltd.State Bank of India SML Mahindra Ltd.SRF Ltd.Larsen & Toubro Ltd.Eicher Motors Ltd.Eternal Ltd.Mahindra & Mahindra Ltd.Torrent Pharmaceuticals Ltd.

LIC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of LIC MF ELSS Tax Saver Fund?

As of 01 Oct 2026, the NAV of LIC MF ELSS Tax Saver Fund is ₹163.71 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF ELSS Tax Saver Fund delivered?

LIC MF ELSS Tax Saver Fund has returned -5.64% over 1 year, +8.70% per year over 3 years, +8.38% per year over 5 years and +13.09% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund charges an expense ratio of 1.31% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund's largest holdings are ICICI Bank Ltd. (8.6%), HDFC Bank Ltd. (6.4%), Axis Bank Ltd. (4.4%), Cholamandalam Investment & Fin Co Ltd. (3.8%) and State Bank of India (3.3%). Holdings are disclosed monthly and change over time.

How risky is LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.7% and its worst peak-to-trough fall in our sample was -35.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.16 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF ELSS Tax Saver Fund's 0.16 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.

Who manages LIC MF ELSS Tax Saver Fund?

LIC MF ELSS Tax Saver Fund is managed by Sumit Bhatnagar and Nikhil Kapoor at LIC.

How is LIC MF ELSS Tax Saver Fund taxed?

LIC MF ELSS Tax Saver Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.