LIC MF Tax Plan * Return since Launch: 8.80% Invest Now

LIC MF Tax Plan Fund Overview

LIC MF Tax Plan Fund is an open-ended equity linked savings scheme. This fund is managed by Mr. Sachin Relekar. LIC MF Tax Plan Fund was launched on 31st March 1997. The benchmark of this fund is NIFTY 500 TRI. LIC MF Tax Plan Fund has moderately high risk. There is no exit load. LIC MF Tax Plan Fund has 90.49% investment in Indian Stocks of which 56.78% is in large cap stocks, 26.14% is in mid cap stocks, and 7.56% is in small cap stocks. Under the section 80C you can save tax with the help of LIC MF Tax Plan Fund up to Rs. 1.5 lakh. Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

Eligibility criteria of LIC MF Tax Plan Fund

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for LIC MF Tax Plan Fund

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of LIC MF Tax Plan Fund

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • LIC MF Tax Plan Fund is managed by experienced professionals.
  • LIC MF Tax Plan Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.