LIC MF Children's Fund Direct Growth

Debt
Balanced Advantage
Very High Risk
5Y Lock In
12.56%
3Y annualised
+1.97% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Oct 2024₹37.78
Min. SIP amountNot Supported
Rating2
Fund size₹17.27Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Balanced Advantage
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns28.1%12.6%15.4%11.6%
Category average35.3%15.6%20.0%NA
Rank with in category765849NA
Understand terms

Holdings (49)

NameSectorInstrumentAssets
SovereignGOI Sec8.95%
FinancialEquity8.06%
EnergyEquity6.37%
ServicesEquity4.43%
ConstructionEquity3.80%
TechnologyEquity3.60%
ChemicalsEquity3.15%
FinancialEquity2.88%
Metals & MiningEquity2.51%
Consumer StaplesEquity2.22%
See All

Pros and cons

Category: Debt Balanced Advantage

Pros

Exit load is zero
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Cons

Consistently lower annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Lock-in period: 5Y
Higher expense ratio: 1.86%
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 1.71%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund management

Nikhil Rungta
Jul 2024 - Present
View details

Education
Mr. Rungta has done CA, MBA (Finance), FRM
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Bajaj Allianz Life Insurance Company, Anand Rathi Shares & Stock Brokers Ltd., Standard Chartered Securities (India) Ltd., Religare Capital Markets Ltd. and Moody’s Investor Service -ICRA Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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