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
₹31.14
-3.03%
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
22.28%p.a.
Last 1Y
15.28%p.a.
Last 3Y
15.51%p.a.
Last 5Y
11.01%p.a.
Since Inception
About LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl scheme from LIC Mutual Fund Asset Management Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Feb 1999, LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl is ELSS (Tax Savings) fund of its category with 1,147.42 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl delivered 22.3% annual returns during the last year. It has delivered 11.0% average annual returns since the fund was launched.
- LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. An open ended equity linked tax saving Scheme which offers investors the opportunity to seek Tax rebate u/s 80C of the Income Tax Act 1961. However, there is no assurance that the investment objective of the Schemes will be realized.
Top 10 Holdings
ICICI Bank Ltd
7.72%
HDFC Bank Ltd
7.17%
Shakti Pumps (India) Ltd
5.06%
Trent Ltd
4.09%
State Bank of India
3.37%
Infosys Ltd
3.32%
Axis Bank Ltd
2.48%
Cholamandalam Investment and Finance Co Ltd
2.27%
Larsen & Toubro Ltd
2.24%
Power Finance Corp Ltd
2.18%
Fund Managers
- Yogesh Patil (Jul 2024 - Present)
- Dikshit Mittal (Jul 2023 - Present)
Key Information
View Scheme Document
LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl SIP Calculator
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This Fund
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NRI Mutual Fund Tax on LIC MF ELSS Tax Saver Payout of Income Dis cum Cap Wrdl
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 ELSS Tax Saver Payout of Income Dis cum Cap Wrdl?
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 ELSS Tax Saver Payout of Income Dis cum Cap Wrdl
- 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
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3Y Return
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12.1%
Axis ELSS Tax Saver Fund Pyt of Inc Dis cum Cap Wdrl
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Axis ELSS Tax Saver Fund Growth
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Frequently Asked Questions
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