1M
6M
1Y
3Y
5Y
All
| NAV: 18 Sep 2024 | ₹38.63 |
| Min. SIP amount | Not Supported |
| Rating | 1 |
| 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
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 30.1% | 13.7% | 16.6% | 11.9% |
| Category average | 37.3% | 17.4% | 21.6% | NA |
| Rank with in category | 71 | 54 | 47 | NA |
Understand terms
Holdings (46)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 8.96% |
ICICI Bank Ltd. | Financial | Equity | 6.32% |
HDFC Bank Ltd. | Financial | Equity | 5.53% |
Reliance Industries Ltd. | Energy | Equity | 3.81% |
Trent Ltd. | Services | Equity | 3.79% |
Axis Bank Ltd. | Financial | Equity | 3.10% |
State Bank of India | Financial | Equity | 3.08% |
Azad Engineering Ltd. | Capital Goods | Equity | 3.00% |
Asian Paints Ltd. | Chemicals | Equity | 2.99% |
Infosys Ltd. | Technology | Equity | 2.96% |
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 investment | Not Supported |
| Min. for 2nd investment onwards | Not Supported |
| Min. for SIP | Not Supported |
Fund management
Nikhil RungtaJul 2024 - PresentView details
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
E-mail
[email protected]Website
www.licmf.com
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,
Email
[email protected]Website
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