LIC MF Children's Gift Fund Growth+0.34%

1Groww
-3.13%
1 Year Return
Solution Oriented
Children's
1.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Children's Gift Fund Growth

RiskModerately High
Min SIP Amount₹1000
Expense Ratio2.34%
NAV16.7 (23 Aug 2019)
Fund Started12 Nov 2001
Fund Size12 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Children's Gift Fund Growth
-3.1%
1.4%
4.7%
2.9%
Category Average
NA
NA
NA
-
Rank within category
3
10
8
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -3.1% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. Higher expense ratio
    5. 3Y Returns are lower than the benchmark
    6. 5Y Returns are lower than the benchmark

    Top Holdings

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    Tata Consultancy Services Ltd.TechnologyEquity5.5%
    Nestle India Ltd.FMCGEquity3.7%
    SBI Life Insurance Company Ltd.FinancialEquity3.7%
    Axis Bank Ltd.FinancialEquity3.4%
    Federal Bank Ltd.FinancialEquity3.0%
    Container Corpn. Of India Ltd.ServicesEquity2.4%
    See All

    Fund Managers

    addMarzban Irani
    Education
    Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.
    Experience
    Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
    Funds Managed
    addYogesh Patil
    Education
    Mr. Patil is an MBA (Finance).
    Experience
    Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
    Funds Managed

    Other Details

    LIC MF Children's Gift Fund Growth is a Solution Oriented Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 12 Nov 2001. Marzban Irani, Ramnath Venkateswaran is the Current Fund Manager of LIC MF Children's Gift Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹12 Cr and the Latest NAV as of 23 Aug 2019 is ₹16.7.

    The LIC MF Children's Gift Fund Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.

    Investment Objective

    Seeks to generate long term capital appreciation through a judicious mix of quality debt and equity instruments at relatively low risk levels.

    Tax Implications

    If average equity holding is >65%, returns are taxed at 15% (redeemed before one year) and 10% (After 1 year as per LTCG). If average equity holding is <65%, returns are taxed as per your Income Tax slab (redeemed before 3 years) and 20% with indexation benefit (post 3 years).

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About LIC Mutual Fund

    Address
    4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
    Phone
    022-66016000
    Launch Date
    19 Apr 1994
    Website
    NA
    LIC Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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