LIC MF Govt. Securities Fund Direct Dividend-0.12%

4Groww
16.10%
1 Year Return
Debt
Gilt
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Govt. Securities Fund Direct Dividend

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.51%
NAV13.0 (19 Aug 2019)
Fund Started09 Jan 2013
Fund Size54 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Govt. Securities Fund Direct Dividend
16.1%
8.5%
10.3%
8.6%
Category Average
14.4%
7.6%
9.8%
-
Rank within category
5
8
13
-
*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 16.1% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the benchmark
    2. 3Y Returns are higher than the benchmark
    3. 5Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
    2. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    GOISovereignGOI Sec37.6%
    GOISovereignGOI Sec34.8%
    Gujarat StateOthersSDL20.2%
    GOISovereignGOI Sec1.0%
    GOISovereignGOI Sec1.0%
    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

    Other Details

    LIC MF Govt. Securities Fund Direct Dividend is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 09 Jan 2013. Marzban Irani is the Current Fund Manager of LIC MF Govt. Securities Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹54 Cr and the Latest NAV as of 19 Aug 2019 is ₹13.0.

    The LIC MF Govt. Securities Fund Direct Dividend is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Exit load of 0.25% if redeemed within 30 days.

    Investment Objective

    The fund aims to be a dedicated gilt fund with investments primarily in State Govt and Central Govt Securities.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹10000
    Min for First Investment
    ₹500
    Min for Second Investment
    Exit load of 0.25% if redeemed within 30 days
    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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