|Min SIP Amount||Not Supported|
|NAV||₹10.20 (11 Jun 2021)|
|Fund Started||24 Jan 2019|
|Fund Size||₹30 Cr|
|LIC MF Liquid Fund - Direct Plan||Financial||Mutual Fund||27.9%|
|Aurobindo Pharma Ltd.||Healthcare||Equity||10.0%|
|Larsen & Toubro Ltd.||Construction||Equity||6.4%|
|Maruti Suzuki India Ltd.||Automobile||Equity||6.4%|
|ICICI Bank Ltd.||Financial||Equity||6.4%|
|Reliance Industries Ltd.||Energy||Equity||6.2%|
|Bharti Airtel Ltd.||Communication||Equity||6.1%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||5.6%|
|Tata Steel Ltd.||Metals||Equity||3.4%|
|Bharat Petroleum Corpn. Ltd.||Energy||Equity||3.2%|
LIC MF Arbitrage Fund Direct IDCW Monthly is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 24 Jan 2019. Ritu Modi is the Current Fund Manager of LIC MF Arbitrage Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹30 Cr and the Latest NAV as of 11 Jun 2021 is ₹10.20.
The LIC MF Arbitrage Fund Direct IDCW Monthly is rated Low risk. Exit load of 0.50% if redeemed within 15 days, 0.25% if redeemed after 15 days but within 1 month.
The scheme seeks to generate income by taking advantage of arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment of the equity market along with investments in debt securities & money market instruments.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.