LIC MF ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹146.18+0.29%1 day
- Return since launch
- 9.6%
- 52-week range
- ₹130.31 — ₹156.35
- AUM
- ₹1,021 Cr
LIC MF ELSS Tax Saver Fund is a ELSS equity fund from LIC Mutual Fund with ₹1,021 Cr under management, launched in 1997. Over three years it has returned 2.2% a year, against 10.4% for its category. The expense ratio is 2.43% 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 -2.8% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.5% | −1.6 pts | 0.1% | -2.1% |
| 2Y | -1.5% | −2.3 pts | 0.7% | -0.3% |
| 3Y | 2.2% | −8.2 pts | 10.4% | 2.7% |
| 5Y | 7.6% | −2.1 pts | 9.7% | 8.4% |
| 7Y | 10.4% | −2.6 pts | 13.0% | 11.6% |
| 10Y | 10.7% | −1.8 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.1% | +1.3 pts | -3.5% | -3.6% |
| 3M | 0.1% | +0.7 pts | -0.6% | -1.0% |
| 6M | 9.4% | +0.2 pts | 9.2% | 8.2% |
| 1Y | -2.8% | −2.9 pts | 0.1% | -0.8% |
| 2Y | -4.6% | −1.3 pts | -3.3% | -3.9% |
| 3Y | 8.7% | −1.8 pts | 10.4% | 9.2% |
| 5Y | 7.5% | −2.3 pts | 9.7% | 8.7% |
| 7Y | 11.1% | −3.3 pts | 14.4% | 12.5% |
| 10Y | 10.9% | −1.7 pts | 12.5% | 10.9% |
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
2.43%
Expense ratio as on 31 Aug 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.92%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- 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 | -1.81 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.94 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.31 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.40 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.96 | 17.94 | 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 31 Aug 2026
Asset allocation
- Equity99.0%
- Other1.0%
Market cap split
- Large56.7%
- Mid14.8%
- Small28.5%
- P/E
- 28.30
- P/B
- 3.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 8.60% | ₹87.87 Cr | +7.77% | +7.98% | +7.81% |
| HDFC Bank Ltd. | Financial | 6.36% | ₹64.97 Cr | +6.98% | +7.79% | +8.06% |
| Axis Bank Ltd. | Financial | 4.36% | ₹44.53 Cr | +4.51% | +4.54% | +3.31% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 3.83% | ₹39.16 Cr | +3.32% | +3.49% | +2.77% |
| State Bank of India | Financial | 3.33% | ₹33.98 Cr | +3.16% | +3.69% | +2.38% |
| SML Mahindra Ltd. | Automobile | 2.96% | ₹30.26 Cr | — | — | — |
| SRF Ltd. | Chemicals | 2.80% | ₹28.63 Cr | +1.99% | +1.76% | +1.88% |
| Larsen & Toubro Ltd. | Construction | 2.73% | ₹27.89 Cr | +2.88% | +2.82% | +2.30% |
| Eicher Motors Ltd. | Automobile | 2.63% | ₹26.83 Cr | +2.48% | +2.59% | +1.90% |
| Eternal Ltd. | Services | 2.54% | ₹25.95 Cr | +1.57% | +1.45% | +1.78% |
| Mahindra & Mahindra Ltd. | Automobile | 2.09% | ₹21.38 Cr | +2.03% | +2.12% | +1.93% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.08% | ₹21.27 Cr | +1.89% | +1.45% | +1.15% |
| Ather Energy Ltd. | Automobile | 2.07% | ₹21.16 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 2.04% | ₹20.80 Cr | +1.37% | +0.74% | +0.60% |
| Navin Fluorine International Ltd. | Chemicals | 1.98% | ₹20.20 Cr | +1.70% | +1.39% | +1.01% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.88% | ₹19.25 Cr | +2.34% | +2.35% | +1.46% |
| Blue Star Ltd. | Consumer Discretionary | 1.88% | ₹19.23 Cr | +2.14% | +2.44% | +2.29% |
| Abbott India Ltd. | Healthcare | 1.88% | ₹19.19 Cr | +1.42% | +0.76% | +0.87% |
| Indus Towers Ltd. | Communication | 1.87% | ₹19.12 Cr | +1.05% | — | — |
| Cohance Lifesciences Ltd. | Healthcare | 1.85% | ₹18.94 Cr | — | — | — |
| Trent Ltd. | Services | 1.85% | ₹18.87 Cr | +1.89% | +1.63% | +2.21% |
| Star Cement Ltd. | Materials | 1.74% | ₹17.80 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 1.68% | ₹17.11 Cr | +1.07% | — | — |
| Bajaj Finserv Ltd. | Financial | 1.64% | ₹16.80 Cr | +1.52% | +1.59% | +1.47% |
| Samvardhana Motherson International Ltd. | Automobile | 1.58% | ₹16.13 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 1.53% | ₹15.65 Cr | +1.67% | +2.44% | +1.36% |
| Brigade Enterprises Ltd. | Construction | 1.53% | ₹15.62 Cr | — | — | — |
| company:17157 | Technology | 1.49% | ₹15.25 Cr | — | — | — |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.49% | ₹15.22 Cr | +0.97% | +0.84% | +0.78% |
| Affle 3I Ltd. | Technology | 1.46% | ₹14.93 Cr | +1.11% | +0.98% | +1.31% |
| Schaeffler India Ltd. | Capital Goods | 1.43% | ₹14.60 Cr | +1.13% | +1.11% | +0.96% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.34% | ₹13.70 Cr | +1.27% | — | +0.19% |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 1.33% | ₹13.60 Cr | +0.74% | +0.84% | +1.07% |
| EIH Ltd. | Services | 1.28% | ₹13.10 Cr | +1.45% | +1.23% | +1.51% |
| Varun Beverages Ltd. | Consumer Staples | 1.26% | ₹12.83 Cr | +1.16% | +1.40% | +1.46% |
| company:17603 | Services | 1.25% | ₹12.77 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 1.24% | ₹12.69 Cr | +1.19% | +1.42% | +1.42% |
| Eureka Forbes Ltd. | Metals & Mining | 1.20% | ₹12.25 Cr | +1.29% | +1.30% | +1.49% |
| Hindustan Unilever Ltd. | Consumer Staples | 1.19% | ₹12.11 Cr | +1.36% | +1.38% | +1.51% |
| Mankind Pharma Ltd. | Healthcare | 1.14% | ₹11.66 Cr | +1.17% | +1.04% | +1.10% |
| company:19867 | Services | 1.12% | ₹11.41 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.09% | ₹11.11 Cr | +1.04% | +0.93% | +0.88% |
| Grasim Industries Ltd. | Materials | 1.08% | ₹11.05 Cr | +2.57% | +2.16% | +2.06% |
| Shakti Pumps (India) Ltd. | Capital Goods | 1.07% | ₹10.97 Cr | +2.12% | +3.84% | +5.80% |
| Neuland Laboratories Ltd. | Healthcare | 1.03% | ₹10.48 Cr | +0.88% | +0.62% | +0.63% |
| ITC Ltd. | Consumer Staples | 1.02% | ₹10.45 Cr | +1.20% | +1.23% | +1.55% |
| Others | Others | 1.00% | ₹10.26 Cr | -0.06% | -0.22% | -0.64% |
| Metro Brands Ltd. | Consumer Discretionary | 0.94% | ₹9.63 Cr | +1.10% | +1.06% | +1.10% |
| Maruti Suzuki India Ltd. | Automobile | 0.94% | ₹9.59 Cr | +1.92% | +2.03% | +1.95% |
| Ultratech Cement Ltd. | Materials | 0.65% | ₹6.64 Cr | +0.68% | +0.70% | +0.68% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.54% | ₹5.53 Cr | — | — | — |
| Blue Dart Express Ltd. | Services | 0.53% | ₹5.46 Cr | +0.56% | +0.38% | +0.36% |
| Procter & Gamble Hygiene and Health Care Ltd. | Consumer Staples | 0.51% | ₹5.22 Cr | +0.78% | +0.85% | +0.95% |
| INDO-MIM Ltd. | Capital Goods | 0.03% | ₹0.32 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:17157 | 0.00% | 1.49% | +1.49% |
| Brigade Enterprises Ltd. | 0.06% | 1.53% | +1.47% |
| company:17603 | 0.00% | 1.25% | +1.25% |
| company:19867 | 0.00% | 1.12% | +1.12% |
| Reliance Industries Ltd. | 1.08% | 0.00% | -1.08% |
| Avenue Supermarts Ltd. | 0.88% | 0.00% | -0.88% |
| Others | -0.92% | -1.60% | -0.68% |
| Maruti Suzuki India Ltd. | 1.46% | 0.94% | -0.52% |
| Star Cement Ltd. | 1.31% | 1.74% | +0.44% |
| Mrs. Bectors Food Specialities Ltd. | 0.93% | 1.33% | +0.40% |
| JK Tyre & Industries Ltd. | 0.40% | 0.00% | -0.40% |
| Shakti Pumps (India) Ltd. | 1.44% | 1.07% | -0.36% |
| SML Mahindra Ltd. | 3.27% | 2.96% | -0.31% |
| HDFC Bank Ltd. | 6.65% | 6.36% | -0.29% |
| Dr. Agarwal's Health Care Ltd. | 1.20% | 1.49% | +0.29% |
| Axis Bank Ltd. | 4.09% | 4.36% | +0.27% |
| Navin Fluorine International Ltd. | 1.71% | 1.98% | +0.27% |
| Blue Star Ltd. | 2.14% | 1.88% | -0.26% |
| Arvind Fashions Ltd. | 0.26% | 0.00% | -0.26% |
| Bharat Forge Ltd. | 1.78% | 1.53% | -0.25% |
| EIH Ltd. | 1.52% | 1.28% | -0.23% |
| TVS Motor Company Ltd. | 2.26% | 2.04% | -0.22% |
| Eternal Ltd. | 2.32% | 2.54% | +0.22% |
| ICICI Bank Ltd. | 8.42% | 8.60% | +0.18% |
| Ather Energy Ltd. | 1.90% | 2.07% | +0.17% |
| Procter & Gamble Hygiene and Health Care Ltd. | 0.65% | 0.51% | -0.14% |
| Cohance Lifesciences Ltd. | 1.71% | 1.85% | +0.14% |
| State Bank of India | 3.20% | 3.33% | +0.13% |
| Abbott India Ltd. | 2.00% | 1.88% | -0.12% |
| Varun Beverages Ltd. | 1.38% | 1.26% | -0.12% |
| Metro Brands Ltd. | 1.05% | 0.94% | -0.11% |
| Coromandel International Ltd. | 1.34% | 1.24% | -0.10% |
| Grasim Industries Ltd. | 0.99% | 1.08% | +0.10% |
| Larsen & Toubro Ltd. | 2.64% | 2.73% | +0.09% |
| ITC Ltd. | 1.12% | 1.02% | -0.09% |
| Neuland Laboratories Ltd. | 0.93% | 1.03% | +0.09% |
| Hindustan Unilever Ltd. | 1.26% | 1.19% | -0.07% |
| Trent Ltd. | 1.91% | 1.85% | -0.06% |
| Kirloskar Oil Engines Ltd. | 1.95% | 1.88% | -0.06% |
| Eicher Motors Ltd. | 2.56% | 2.63% | +0.06% |
| Mahindra & Mahindra Ltd. | 2.15% | 2.09% | -0.06% |
| Samvardhana Motherson International Ltd. | 1.53% | 1.58% | +0.05% |
| Cholamandalam Investment and Finance Company Ltd. | 3.79% | 3.83% | +0.05% |
| SRF Ltd. | 2.85% | 2.80% | -0.04% |
| Eureka Forbes Ltd. | 1.24% | 1.20% | -0.04% |
| Blue Dart Express Ltd. | 0.57% | 0.53% | -0.04% |
| Persistent Systems Ltd. | 1.65% | 1.68% | +0.03% |
| Affle 3I Ltd. | 1.44% | 1.46% | +0.02% |
| Ultratech Cement Ltd. | 0.67% | 0.65% | -0.02% |
| Mankind Pharma Ltd. | 1.16% | 1.14% | -0.01% |
| Mahindra & Mahindra Financial Services Ltd. | 0.55% | 0.54% | -0.01% |
| Schaeffler India Ltd. | 1.44% | 1.43% | -0.01% |
| Sun Pharmaceutical Industries Ltd. | 1.33% | 1.34% | +0.01% |
| Bajaj Finserv Ltd. | 1.64% | 1.64% | +0.01% |
| Indus Towers Ltd. | 1.87% | 1.87% | +0.01% |
| Torrent Pharmaceuticals Ltd. | 2.09% | 2.08% | -0.01% |
| INDO-MIM Ltd. | 0.03% | 0.03% | 0.00% |
| Apollo Hospitals Enterprise Ltd. | 1.09% | 1.09% | 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 | ₹2,116 Cr | 2.39% | 10.2% | 9.0% | 14.7% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.09% | 16.6% | 12.5% | 18.1% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 2.00% | 7.2% | 8.5% | 13.3% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 4.3% | 7.3% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 8.9% | 7.3% | 13.1% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 13.8% | 9.4% | 14.1% |
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 months9.45% absolute | ₹60,000 | ₹65,670 | 9.45% | |
| 1 year−2.79% annualised | ₹1,20,000 | ₹1,18,202 | −1.50% | |
| 3 years8.66% annualised | ₹3,60,000 | ₹4,12,370 | 14.55% | |
| 5 years7.46% annualised | ₹6,00,000 | ₹7,29,022 | 21.50% |
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 ₹146.18 as on 25 Sep 2026.
What is the expense ratio of LIC MF ELSS Tax Saver Fund?
The expense ratio of LIC MF ELSS Tax Saver Fund is 2.43% 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 -1.5% over 1 year, 2.2% over 3 years and 7.6% 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 ₹50,329 Cr under management.