NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹24.89
-0.09%
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
equity savings
equity
NAV as on 30 Apr 24, 12:00 AM
moderately high risk
equity savings
equity
16.75%p.a.
Last 1Y
8.67%p.a.
Last 3Y
8.72%p.a.
Last 5Y
7.07%p.a.
Since Inception
About LIC MF Equity Savings Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Equity Savings Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Mar 2011, LIC MF Equity Savings Growth is Equity Savings fund of its category with 14.64 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.
- LIC MF Equity Savings Growth delivered 16.8% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- LIC MF Equity Savings Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Top 10 Holdings
LIC MF Liquid Dir Gr
8.56%
Future on Tata Consultancy Services Ltd
5.61%
Tata Consultancy Services Ltd
5.56%
Future on Tata Steel Ltd.
5.31%
Tata Steel Ltd
5.27%
ICICI Bank Ltd
3.92%
Future on Infosys Ltd
3.71%
Infosys Ltd
3.68%
Future on UltraTech Cement Ltd
3.35%
UltraTech Cement Ltd
3.33%
Fund Managers
- Sumit Bhatnagar (Oct 2023 - Present)
- Pratik Shroff (Sep 2023 - Present)
Key Information
View Scheme Document
LIC MF Equity Savings Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on LIC MF Equity Savings Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Equity Savings Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Equity Savings Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
Funds
3Y Return
SBI Equity Savings Growth
moderately high risk | equity
10.6%
HDFC Equity Savings Fund Growth
moderately high risk | hybrid (nc)
12.2%
DSP Equity Savings Fund Plan Growth
moderately high risk | equity
9.5%
Frequently Asked Questions
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