Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF ELSS Tax Saver Fund

Holds 54 companies worth ₹950 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹972 CrLIC MF ELSS Tax Saver Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.8% on Aug 2026, ₹1,021 Cr.

  • Largest holding

    ICICI BankICICI Bank is 8.2% of this scheme's NAV.

  • Fund manager

    Sumit BhatnagarRuns it since 1 Apr 2026, as the fund house dates it. With Nikhil Kapoor (fund manager).

Overview(31 Aug 2026)

Fund managers2

  1. Sumit BhatnagarFund manager · Apr 2026
  2. Nikhil KapoorFund manager · Jul 2026
  1. Dikshit MittalJul 2023 – Apr 2026
  2. Yogesh PatilJul 2024 – Apr 2026

Key facts

Benchmark
Nifty 500 TRI
Risk
Very High
Expense
Regular 2.24% · Direct 1.06%
Exit load
Nil
Started
31 Mar 1997
Minimum
₹500

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(13 changes)

Aug 2026

2 changes
  1. Renamed
    31 AugLIC MF ELSS Tax Saver → LIC MF ELSS Tax Saver Fund
  2. Category
    31 AugELSS → ELSS Tax Saver Fund

Jul 2026

1 change
  1. Nikhil Kapoor joined
    5 Julas fund manager

Apr 2026

4 changes
  1. Sumit Bhatnagar joined
    11 Apras fund manager
  2. Dikshit Mittal left
    11 Aprran it as co-manager from Jul 2023
  3. Yogesh Patil left
    11 Aprran it as fund manager from Jul 2024
  4. Expense ratio
    7 AprRegular 2.23% → 2.24%Direct 1.04% → 1.06%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jul 2023 – now)

  1. Sumit Bhatnagar
  2. Nikhil Kapoor
  3. Dikshit Mittal
  4. Yogesh Patil
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Aug 2026)

Every change to the expense ratio, newest first.
8 changesRegularDirectΔ pt
7 Apr 20262.24%1.06%0.02
18 Mar 20262.23%1.04%0.08
22 Jul 20252.14%0.96%0.01
13 May 20252.15%0.97%0.03
15 Apr 20252.17%1.00%0.04
7 Jan 20252.13%0.96%0.01
21 Oct 20242.13%0.95%0.01
14 Aug 20242.12%0.96%–
Direct plan, 7 Apr 2026
1.06%
Regular plan 2.24% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

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. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme with attributes in accordance with Equity Linked Saving Scheme, 2005 notified by Ministry of Finance
Benchmark
Nifty 500 TRI

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments
    Allowed80–100%Holds97.7%
  2. Money market instruments and Other Liquid Instruments, Mutual Fund Units
    Allowed0–20%

Holds in Sept 2026.97.7% equity · 2.3% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹500, then in multiples of ₹500
To add
₹500, then in multiples of ₹500
Most
No Limit
Systematic
SIP Details - Daily, Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100, 500,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 500 | SWP Details - 1 | STP Details - 500
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12"
Most
SIP Details - No Limit | SWP Details - NA | STP Details - No Limit

Selling and switching

To redeem
Rs. 500 and in multiples of Re. 1/- thereafter or 1 units
Minimum balance
₹500 or 0.001 units
Switch minimum
As per Target Scheme or 0.001 units
Switch multiples
₹500 or No Limit units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
ELSS Tax Saver Fund
Offer
1 Jan 1997 to 31 Mar 1997
Started
31 Mar 1997
Plans
Regular Plan-IDCW Payout|Regular Plan-Growth|Direct Plan-IDCW Payout|Direct Plan - Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/E/ELS/97/01/0004