LIC MF ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹148.60+0.75%1 day
- Return since launch
- 9.6%
- 52-week range
- ₹130.31 — ₹155.80
- AUM
- ₹972 Cr
LIC MF ELSS Tax Saver Fund is a ELSS equity fund from LIC Mutual Fund with ₹972 Cr under management, launched in 1997. Over three years it has returned 2.6% a year, against 11.4% for its category. The expense ratio is 2.46% and the SEBI riskometer reading is Very High.
Performance
LIC MF ELSS Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -3.1% against +0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.8% | +2.5 pts | 0.3% | 5.5% |
| 2Y | 0.5% | −3.6 pts | 4.1% | 3.6% |
| 3Y | 2.6% | −8.8 pts | 11.4% | 4.4% |
| 5Y | 7.7% | −2.0 pts | 9.7% | 9.2% |
| 7Y | 10.3% | −2.8 pts | 13.2% | 11.9% |
| 10Y | 10.7% | −2.2 pts | 12.9% | 11.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.3% | −0.7 pts | 5.0% | 6.7% |
| 3M | -1.8% | −0.9 pts | -0.9% | -1.1% |
| 6M | 1.8% | −0.4 pts | 2.2% | 4.2% |
| 1Y | -3.1% | −3.5 pts | 0.3% | -0.2% |
| 2Y | -1.1% | −2.3 pts | 1.2% | 1.1% |
| 3Y | 9.2% | −2.3 pts | 11.4% | 10.6% |
| 5Y | 7.6% | −2.1 pts | 9.7% | 8.7% |
| 7Y | 11.0% | −3.4 pts | 14.4% | 12.6% |
| 10Y | 11.3% | −1.7 pts | 12.9% | 11.6% |
Since launch (1 Jan 1997): 9.6%
Calendar-year returns
Category average8.9%
25.9%
0.5%
25.3%
22.4%
0.8%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.8% | −3.6 pts | 4.5% |
| 2024 | 22.4% | +2.1 pts | 20.3% |
| 2023 | 25.3% | −6.5 pts | 31.8% |
| 2022 | 0.5% | −3.0 pts | 3.5% |
| 2021 | 25.9% | −13.9 pts | 39.9% |
| 2020 | 8.9% | −9.8 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.48%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.92%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.46%
- Exit load
- For SIP investment, an entry load of 2.25% will be levied.
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -1.74 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.94 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.20 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.27 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.26 | 17.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF ELSS Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.7%
- Other2.3%
Market cap split
- Large52.7%
- Mid19.3%
- Small28.0%
- P/E
- 27.76
- P/B
- 3.89
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 8.21% | ₹79.87 Cr | +8.21% | +7.97% | +7.49% |
| HDFC Bank Ltd. | Financial | 4.94% | ₹48.05 Cr | +7.22% | +7.33% | +8.02% |
| Axis Bank Ltd. | Financial | 4.32% | ₹41.99 Cr | +4.55% | +4.35% | +3.57% |
| SML Mahindra Ltd. | Automobile | 4.01% | ₹38.97 Cr | +1.65% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.51% | ₹34.16 Cr | +3.73% | +3.12% | +3.12% |
| State Bank of India | Financial | 3.16% | ₹30.76 Cr | +3.25% | +3.43% | +2.57% |
| SRF Ltd. | Chemicals | 2.84% | ₹27.64 Cr | +1.93% | +1.91% | +1.86% |
| INDO-MIM Ltd. | Capital Goods | 2.61% | ₹25.34 Cr | — | — | — |
| Eternal Ltd. | Services | 2.60% | ₹25.31 Cr | +1.60% | +1.54% | +1.84% |
| Larsen & Toubro Ltd. | Construction | 2.42% | ₹23.54 Cr | +2.82% | +2.64% | +2.32% |
| Others | Others | 2.30% | ₹22.34 Cr | -0.54% | -0.47% | -0.41% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.17% | ₹21.12 Cr | +2.14% | +2.56% | +1.49% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.07% | ₹20.16 Cr | +1.92% | +1.61% | +1.16% |
| Abbott India Ltd. | Healthcare | 2.07% | ₹20.14 Cr | +1.30% | +0.84% | +0.80% |
| Blue Star Ltd. | Consumer Discretionary | 2.05% | ₹19.94 Cr | +2.11% | +2.31% | +2.27% |
| Star Cement Ltd. | Materials | 2.05% | ₹19.93 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 2.00% | ₹19.44 Cr | +2.36% | +2.43% | +2.17% |
| Mahindra & Mahindra Ltd. | Automobile | 1.98% | ₹19.21 Cr | +1.97% | +2.10% | +2.05% |
| Navin Fluorine International Ltd. | Chemicals | 1.97% | ₹19.20 Cr | +1.77% | +1.57% | +0.99% |
| Cohance Lifesciences Ltd. | Healthcare | 1.90% | ₹18.44 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 1.89% | ₹18.35 Cr | +1.38% | — | — |
| TVS Motor Company Ltd. | Automobile | 1.77% | ₹17.20 Cr | +1.36% | +0.73% | +0.63% |
| Trent Ltd. | Services | 1.77% | ₹17.18 Cr | +2.12% | +1.57% | +1.94% |
| Persistent Systems Ltd. | Technology | 1.66% | ₹16.14 Cr | +0.86% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 1.59% | ₹15.43 Cr | +1.53% | — | — |
| Ather Energy Ltd. | Automobile | 1.58% | ₹15.37 Cr | +1.75% | — | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 1.51% | ₹14.64 Cr | +0.82% | +0.82% | +0.97% |
| Bajaj Finserv Ltd. | Financial | 1.48% | ₹14.39 Cr | +1.46% | +1.48% | +1.53% |
| Bharat Forge Ltd. | Automobile | 1.47% | ₹14.32 Cr | +1.76% | +2.44% | +1.49% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.46% | ₹14.22 Cr | +1.23% | +0.87% | +0.91% |
| Schaeffler India Ltd. | Capital Goods | 1.46% | ₹14.17 Cr | +1.10% | +1.12% | +1.03% |
| Affle 3I Ltd. | Technology | 1.45% | ₹14.12 Cr | +1.31% | +1.18% | +1.33% |
| RateGain Travel Technologies Ltd. | Technology | 1.42% | ₹13.85 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 1.42% | ₹13.84 Cr | +1.07% | +1.36% | +1.32% |
| Brigade Enterprises Ltd. | Construction | 1.41% | ₹13.70 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.29% | ₹12.54 Cr | +1.27% | — | +0.19% |
| Mankind Pharma Ltd. | Healthcare | 1.24% | ₹12.07 Cr | +1.21% | +1.06% | +1.08% |
| Coromandel International Ltd. | Chemicals | 1.20% | ₹11.71 Cr | +1.32% | +1.39% | +1.38% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.19% | ₹11.57 Cr | +1.29% | +1.38% | +1.42% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.18% | ₹11.48 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.18% | ₹11.47 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 1.11% | ₹10.75 Cr | +1.16% | +1.29% | +1.51% |
| Eureka Forbes Ltd. | Metals & Mining | 1.06% | ₹10.30 Cr | +1.29% | +1.37% | +1.50% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.05% | ₹10.20 Cr | +1.07% | +1.01% | +0.85% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.04% | ₹10.07 Cr | — | — | — |
| Neuland Laboratories Ltd. | Healthcare | 1.00% | ₹9.73 Cr | +0.93% | +0.66% | +0.68% |
| Metro Brands Ltd. | Consumer Discretionary | 0.91% | ₹8.81 Cr | +1.04% | +1.03% | +1.24% |
| Maruti Suzuki India Ltd. | Automobile | 0.87% | ₹8.47 Cr | +1.47% | +1.92% | +2.11% |
| Aster DM Quality Care Ltd. | Healthcare | 0.71% | ₹6.86 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 0.65% | ₹6.35 Cr | +0.64% | +0.68% | +0.65% |
| Shakti Pumps (India) Ltd. | Capital Goods | 0.59% | ₹5.76 Cr | +1.85% | +3.91% | +5.84% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.50% | ₹4.81 Cr | — | — | — |
| Nephrocare Health Services Ltd. | Healthcare | 0.34% | ₹3.30 Cr | — | — | — |
| National Stock Exchange | Financial | 0.20% | ₹1.92 Cr | — | — | — |
| Blue Dart Express Ltd. | Services | 0.18% | ₹1.71 Cr | +0.55% | +0.36% | +0.36% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| INDO-MIM Ltd. | 0.03% | 2.61% | +2.57% |
| Others | -1.60% | -0.17% | +1.43% |
| HDFC Bank Ltd. | 6.36% | 4.94% | -1.42% |
| EIH Ltd. | 1.28% | 0.00% | -1.28% |
| Grasim Industries Ltd. | 1.08% | 0.00% | -1.08% |
| SML Mahindra Ltd. | 2.96% | 4.01% | +1.05% |
| Multi Commodity Exchange Of India Ltd. | 0.00% | 1.04% | +1.04% |
| Aster DM Quality Care Ltd. | 0.00% | 0.71% | +0.71% |
| Eicher Motors Ltd. | 2.63% | 2.00% | -0.63% |
| Procter & Gamble Hygiene and Health Care Ltd. | 0.51% | 0.00% | -0.51% |
| Ather Energy Ltd. | 2.07% | 1.58% | -0.49% |
| Shakti Pumps (India) Ltd. | 1.07% | 0.59% | -0.48% |
| ICICI Bank Ltd. | 8.60% | 8.21% | -0.39% |
| Blue Dart Express Ltd. | 0.53% | 0.18% | -0.36% |
| Nephrocare Health Services Ltd. | 0.00% | 0.34% | +0.34% |
| Cholamandalam Investment and Finance Company Ltd. | 3.83% | 3.51% | -0.32% |
| Larsen & Toubro Ltd. | 2.73% | 2.42% | -0.31% |
| Star Cement Ltd. | 1.74% | 2.05% | +0.31% |
| Kirloskar Oil Engines Ltd. | 1.88% | 2.17% | +0.29% |
| TVS Motor Company Ltd. | 2.04% | 1.77% | -0.27% |
| National Stock Exchange | 0.00% | 0.20% | +0.20% |
| Abbott India Ltd. | 1.88% | 2.07% | +0.19% |
| Mrs. Bectors Food Specialities Ltd. | 1.33% | 1.51% | +0.17% |
| Blue Star Ltd. | 1.88% | 2.05% | +0.17% |
| Varun Beverages Ltd. | 1.26% | 1.42% | +0.17% |
| Bajaj Finserv Ltd. | 1.64% | 1.48% | -0.16% |
| State Bank of India | 3.33% | 3.16% | -0.16% |
| Eureka Forbes Ltd. | 1.20% | 1.06% | -0.14% |
| Brigade Enterprises Ltd. | 1.53% | 1.41% | -0.12% |
| Mahindra & Mahindra Ltd. | 2.09% | 1.98% | -0.12% |
| Mankind Pharma Ltd. | 1.14% | 1.24% | +0.10% |
| ITC Ltd. | 1.02% | 1.11% | +0.08% |
| Trent Ltd. | 1.85% | 1.77% | -0.08% |
| Delhivery Ltd. | 1.25% | 1.18% | -0.07% |
| RateGain Travel Technologies Ltd. | 1.49% | 1.42% | -0.07% |
| Maruti Suzuki India Ltd. | 0.94% | 0.87% | -0.07% |
| Leela Palaces Hotels & Resorts Ltd. | 1.12% | 1.18% | +0.06% |
| Eternal Ltd. | 2.54% | 2.60% | +0.06% |
| Bharat Forge Ltd. | 1.53% | 1.47% | -0.06% |
| Sun Pharmaceutical Industries Ltd. | 1.34% | 1.29% | -0.05% |
| Mahindra & Mahindra Financial Services Ltd. | 0.54% | 0.50% | -0.05% |
| Cohance Lifesciences Ltd. | 1.85% | 1.90% | +0.04% |
| SRF Ltd. | 2.80% | 2.84% | +0.04% |
| Axis Bank Ltd. | 4.36% | 4.32% | -0.04% |
| Apollo Hospitals Enterprise Ltd. | 1.09% | 1.05% | -0.04% |
| Coromandel International Ltd. | 1.24% | 1.20% | -0.04% |
| Metro Brands Ltd. | 0.94% | 0.91% | -0.04% |
| Schaeffler India Ltd. | 1.43% | 1.46% | +0.03% |
| Dr. Agarwal's Health Care Ltd. | 1.49% | 1.46% | -0.03% |
| Neuland Laboratories Ltd. | 1.03% | 1.00% | -0.03% |
| Indus Towers Ltd. | 1.87% | 1.89% | +0.02% |
| Persistent Systems Ltd. | 1.68% | 1.66% | -0.01% |
| Affle 3I Ltd. | 1.46% | 1.45% | -0.01% |
| Torrent Pharmaceuticals Ltd. | 2.08% | 2.07% | -0.01% |
| Samvardhana Motherson International Ltd. | 1.58% | 1.59% | +0.01% |
| Hindustan Unilever Ltd. | 1.19% | 1.19% | 0.00% |
| Ultratech Cement Ltd. | 0.65% | 0.65% | 0.00% |
| Navin Fluorine International Ltd. | 1.98% | 1.97% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,088 Cr | 2.35% | 8.7% | 8.0% | 13.4% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.4% | 9.0% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 7.9% | 7.9% | 12.8% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 5.8% | 6.9% | 11.7% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.3% | 8.4% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.66% | 10.8% | 7.8% | 13.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Nikhil KapoorExecutive MBA IIM Indore, Post Graduate Diploma in Business Management - NMIMS, Bachelor of Management Studies.Prior to joining the LIC MF, he was associated with JM Financial Servies Ltd.
- Sumit BhatnagarMr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months1.81% absolute | ₹60,000 | ₹61,086 | 1.81% | |
| 1 year−3.14% annualised | ₹1,20,000 | ₹1,17,978 | −1.68% | |
| 3 years9.15% annualised | ₹3,60,000 | ₹4,15,608 | 15.45% | |
| 5 years7.56% annualised | ₹6,00,000 | ₹7,30,979 | 21.83% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of LIC MF ELSS Tax Saver Fund?
The NAV of LIC MF ELSS Tax Saver Fund is ₹148.60 as on 6 Nov 2026.
What is the expense ratio of LIC MF ELSS Tax Saver Fund?
The expense ratio of LIC MF ELSS Tax Saver Fund is 2.46% per year.
What is the minimum SIP amount for LIC MF ELSS Tax Saver Fund?
You can start a SIP in LIC MF ELSS Tax Saver Fund with ₹3,000 a month.
What returns has LIC MF ELSS Tax Saver Fund given?
LIC MF ELSS Tax Saver Fund has returned 2.8% over 1 year, 2.6% over 3 years and 7.7% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: For SIP investment, an entry load of 2.25% will be levied..
How risky is LIC MF ELSS Tax Saver Fund?
LIC MF ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages LIC MF ELSS Tax Saver Fund?
LIC MF ELSS Tax Saver Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.