How to Invest in LIC MF Govt. Securities Fund Direct IDCW?

You can easily invest in LIC MF Govt. Securities Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for LIC MF Govt. Securities Fund Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in LIC MF Govt. Securities Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Govt. Securities Fund Direct IDCW provide?

The LIC MF Govt. Securities Fund Direct IDCW has been there from 08 Jan 2013 and the average annual returns provided by this fund is 6.69% since its inception.

How much expense ratio is charged by LIC MF Govt. Securities Fund Direct IDCW?

The term Expense Ratio used for LIC MF Govt. Securities Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of LIC MF Govt. Securities Fund Direct IDCW is 0.76% as of 29 May 2023...

What is the AUM of LIC MF Govt. Securities Fund Direct IDCW?

The AUM, short for Assets Under Management of LIC MF Govt. Securities Fund Direct IDCW is ₹45.07Cr as of 29 May 2023.

How to Redeem LIC MF Govt. Securities Fund Direct IDCW?

If you want to sell your LIC MF Govt. Securities Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of LIC MF Govt. Securities Fund Direct IDCW?

You can select either SIP or Lumpsum investment of LIC MF Govt. Securities Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of LIC MF Govt. Securities Fund Direct IDCW?

The NAV of LIC MF Govt. Securities Fund Direct IDCW is ₹16.22 as of 26 May 2023.

What is the PE and PB ratio of LIC MF Govt. Securities Fund Direct IDCW?

The PE ratio ratio of LIC MF Govt. Securities Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

LIC MF Govt. Securities Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

LIC MF Govt. Securities Fund Direct IDCW
Debt
Gilt
Moderate Risk
Payout
4.40%
3Y annualised
+0.04% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 26 May 2023₹16.22
Min. SIP amount₹1,000
Rating3
Fund size₹45.07Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Gilt
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.7%4.4%8.0%7.6%
Category average7.3%3.9%7.3%NA
Rank with in category201511NA
Understand terms
Holdings (5)NameSectorInstrumentAssets
GOISovereignGOI Sec32.8%
GOISovereignGOI Sec27.7%
Maharashtra State
OthersSDL22.8%
GOISovereignGOI Sec11.1%
Haryana State
OthersSDL2.3%
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Gilt
Pros
Cons
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y annualised returns lower than category average by 0.6%
3Y, 5Y and 10Y annualised returns higher than category average
Higher expense ratio: 0.76%
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Mar 2023 - Present
0.76%
28 Feb 2023 - 31 Mar 2023
0.76%
31 Jan 2023 - 28 Feb 2023
0.76%
31 Dec 2022 - 31 Jan 2023
0.76%
31 Dec 2022 - 31 Dec 2022
0.76%
30 Nov 2022 - 31 Dec 2022
0.76%
30 Nov 2022 - 30 Nov 2022
0.76%
30 Nov 2022 - 30 Nov 2022
0.76%
31 Oct 2022 - 30 Nov 2022
0.76%
31 Oct 2022 - 31 Oct 2022
0.76%
31 Oct 2022 - 31 Oct 2022
0.76%
31 Oct 2022 - 31 Oct 2022
0.76%
30 Sep 2022 - 31 Oct 2022
0.76%
30 Sep 2022 - 30 Sep 2022
0.76%
30 Sep 2022 - 30 Sep 2022
0.76%
31 Aug 2022 - 30 Sep 2022
0.76%
31 Aug 2022 - 31 Aug 2022
0.76%
31 Jul 2022 - 31 Aug 2022
0.76%
31 Jul 2022 - 31 Jul 2022
0.76%
30 Jun 2022 - 31 Jul 2022
0.76%
30 Jun 2022 - 30 Jun 2022
0.76%
31 May 2022 - 30 Jun 2022
0.76%
31 May 2022 - 31 May 2022
0.76%
30 Apr 2022 - 31 May 2022
0.76%
30 Apr 2022 - 30 Apr 2022
0.76%
31 Mar 2022 - 30 Apr 2022
0.76%
31 Mar 2022 - 31 Mar 2022
0.76%
28 Feb 2022 - 31 Mar 2022
0.76%
28 Feb 2022 - 28 Feb 2022
0.76%
31 Jan 2022 - 28 Feb 2022
0.76%
31 Dec 2021 - 31 Jan 2022
0.76%
30 Nov 2021 - 31 Dec 2021
0.76%
31 Oct 2021 - 30 Nov 2021
0.76%
30 Sep 2021 - 31 Oct 2021
0.76%
31 Aug 2021 - 30 Sep 2021
0.76%
31 Jul 2021 - 31 Aug 2021
0.76%
30 Jun 2021 - 31 Jul 2021
0.76%
31 May 2021 - 30 Jun 2021
0.76%
30 Apr 2021 - 31 May 2021
0.76%
31 Mar 2021 - 30 Apr 2021
0.76%
28 Feb 2021 - 31 Mar 2021
0.76%
31 Jan 2021 - 28 Feb 2021
0.76%
31 Dec 2020 - 31 Jan 2021
0.76%
30 Nov 2020 - 31 Dec 2020
0.76%
31 Oct 2020 - 30 Nov 2020
0.76%
30 Sep 2020 - 31 Oct 2020
0.76%
31 Aug 2020 - 30 Sep 2020
0.76%
31 Jul 2020 - 31 Aug 2020
0.76%
30 Jun 2020 - 31 Jul 2020
0.76%
31 May 2020 - 30 Jun 2020
0.52%
30 Apr 2020 - 31 May 2020
0.52%
31 Mar 2020 - 30 Apr 2020
0.52%
29 Feb 2020 - 31 Mar 2020
0.51%
31 Jan 2020 - 29 Feb 2020
0.51%
31 Dec 2019 - 31 Jan 2020
0.51%
30 Nov 2019 - 31 Dec 2019
0.51%
31 Oct 2019 - 30 Nov 2019
0.51%
30 Sep 2019 - 31 Oct 2019
0.51%
31 Aug 2019 - 30 Sep 2019
0.51%
31 Jul 2019 - 31 Aug 2019
0.51%
30 Jun 2019 - 31 Jul 2019
0.51%
31 May 2019 - 30 Jun 2019
0.51%
30 Apr 2019 - 31 May 2019
0.51%
31 Mar 2019 - 30 Apr 2019
0.60%
28 Feb 2019 - 31 Mar 2019
0.45%
31 Jan 2019 - 28 Feb 2019
0.45%
31 Dec 2018 - 31 Jan 2019
0.44%
30 Nov 2018 - 31 Dec 2018
0.49%
31 Oct 2018 - 30 Nov 2018
0.49%
30 Sep 2018 - 31 Oct 2018
0.49%
31 Aug 2018 - 30 Sep 2018
0.49%
31 Jul 2018 - 31 Aug 2018
0.37%
30 Jun 2018 - 31 Jul 2018
0.42%
31 May 2018 - 30 Jun 2018
0.48%
30 Apr 2018 - 31 May 2018
0.52%
31 Mar 2018 - 30 Apr 2018
1.51%
28 Feb 2018 - 31 Mar 2018
1.45%
31 Jan 2018 - 28 Feb 2018
1.50%
31 Dec 2017 - 31 Jan 2018
1.52%
30 Nov 2017 - 31 Dec 2017
1.54%
31 Oct 2017 - 30 Nov 2017
1.55%
Expense ratio, exit load and taxExpense ratio: 0.76%Inclusive of GST
Exit loadExit load of 0.25% if redeemed within 30 days
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹10,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementMarzban Irani
Aug 2016 - Present
View details
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, PNB 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.
Also manages these schemes
LIC MF Bond Fund IDCW Quarterly
LIC MF Bond Fund Growth
LIC MF Govt. Securities Fund IDCW
LIC MF Govt. Securities Fund Growth
LIC MF Govt. Securities PF Plan IDCW
LIC MF Govt. Securities PF Plan Growth
LIC MF Equity Hybrid Fund IDCW
LIC MF Equity Hybrid Fund Growth
LIC MF Unit Linked Insurance Scheme
LIC MF Children's Gift Fund Growth
LIC MF Debt Hybrid Fund IDCW Monthly
LIC MF Debt Hybrid Fund IDCW Quarterly
LIC MF Debt Hybrid Fund IDCW Yearly
LIC MF Debt Hybrid Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Daily
LIC MF Banking & PSU Debt Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Monthly
LIC MF Banking & PSU Debt Fund IDCW Weekly
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Equity Hybrid Fund Direct IDCW
LIC MF Equity Hybrid Fund Direct Growth
LIC MF Debt Hybrid Fund Direct IDCW Quarterly
LIC MF Debt Hybrid Fund Direct IDCW Yearly
LIC MF Debt Hybrid Fund Direct Growth
LIC MF Debt Hybrid Fund Direct IDCW Monthly
LIC MF Bond Fund Direct IDCW Quarterly
LIC MF Bond Fund Direct Growth
LIC MF Govt. Securities Fund Direct Growth
LIC MF Govt. Securities Fund Direct IDCW
LIC MF Children's Gift Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Weekly
LIC MF Banking & PSU Debt Fund Direct IDCW Daily
LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Monthly
LIC MF Nifty 8 13 yr G Sec Term Exchange Traded Fund Growth
LIC MF Dual Advantage Fixed Term Plan Series I Regular Growth
LIC MF Dual Advantage Fixed Term Plan Series 2 Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 2 Regular Growth
LIC MF Dual Advantage Fixed Term Plan Series 3 Direct Growth
LIC MF Dual Advantage Fixed Term Plan Series 3 Regular Growth
LIC MF Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Direct IDCW Weekly
LIC MF Arbitrage Fund Regular IDCW Monthly
LIC MF Arbitrage Fund Regular IDCW Weekly
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Term Debt Fund Regular IDCW
LIC MF Short Term Debt Fund Regular Growth
LIC MF Short Term Debt Fund Direct IDCW
LIC MF Short Term Debt Fund Direct Growth
Sanjay Pawar
Jan 2022 - Present
View details
Education
Mr. Pawar is a B.Com, MBA
Experience
Prior to joining LIC Mutual Fund, he has worked with Taurus Mutual Fund, Edelweiss Securities Ltd., CRISIL Limited, ICAP.
Also manages these schemes
LIC MF Bond Fund IDCW Quarterly
LIC MF Bond Fund Growth
LIC MF Govt. Securities Fund IDCW
LIC MF Govt. Securities Fund Growth
LIC MF Govt. Securities PF Plan IDCW
LIC MF Govt. Securities PF Plan Growth
LIC MF Equity Hybrid Fund IDCW
LIC MF Equity Hybrid Fund Growth
LIC MF Unit Linked Insurance Scheme
LIC MF Children's Gift Fund Growth
LIC MF Debt Hybrid Fund IDCW Monthly
LIC MF Debt Hybrid Fund IDCW Quarterly
LIC MF Debt Hybrid Fund IDCW Yearly
LIC MF Debt Hybrid Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Daily
LIC MF Banking & PSU Debt Fund Growth
LIC MF Banking & PSU Debt Fund IDCW Monthly
LIC MF Banking & PSU Debt Fund IDCW Weekly
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Equity Hybrid Fund Direct IDCW
LIC MF Equity Hybrid Fund Direct Growth
LIC MF Debt Hybrid Fund Direct IDCW Quarterly
LIC MF Debt Hybrid Fund Direct IDCW Yearly
LIC MF Debt Hybrid Fund Direct Growth
LIC MF Debt Hybrid Fund Direct IDCW Monthly
LIC MF Bond Fund Direct IDCW Quarterly
LIC MF Bond Fund Direct Growth
LIC MF Govt. Securities Fund Direct Growth
LIC MF Govt. Securities Fund Direct IDCW
LIC MF Children's Gift Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Weekly
LIC MF Banking & PSU Debt Fund Direct IDCW Daily
LIC MF Banking & PSU Debt Fund Direct Growth
LIC MF Banking & PSU Debt Fund Direct IDCW Monthly
LIC MF Nifty 8 13 yr G Sec Term Exchange Traded Fund Growth
LIC MF Arbitrage Fund Regular Growth
LIC MF Arbitrage Fund Direct IDCW Weekly
LIC MF Arbitrage Fund Regular IDCW Monthly
LIC MF Arbitrage Fund Regular IDCW Weekly
LIC MF Arbitrage Fund Direct IDCW Monthly
LIC MF Arbitrage Fund Direct Growth
LIC MF Short Term Debt Fund Regular IDCW
LIC MF Short Term Debt Fund Regular Growth
LIC MF Short Term Debt Fund Direct IDCW
LIC MF Short Term Debt Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
Date of Incorporation20 Apr 1994
 LIC MF Govt. Securities Fund Direct IDCW is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Marzban Irani is the Current Fund Manager of LIC MF Govt. Securities Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 26 May 2023 is ₹16.22.
The LIC MF Govt. Securities Fund Direct IDCW is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹10,000. Exit load of 0.25% if redeemed within 30 days
;
Investment ObjectiveThe scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.
;
Fund benchmarkNIFTY All Duration G-Sec Index
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance Building4th Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016000 / 1800-258-5678
Launch Date
20 Apr 1994
E-mail
[email protected]
Website
NA
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
www.karvymfs.com
Compare funds
LIC MF Govt. Securities Fund Direct IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.7%	4.4%	8.0%	7.6%
Category average	7.3%	3.9%	7.3%	NA
Rank with in category	20	15	11	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	32.8%
GOI	Sovereign	GOI Sec	27.7%
Maharashtra State	Others	SDL	22.8%
GOI	Sovereign	GOI Sec	11.1%
Haryana State	Others	SDL	2.3%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY All Duration G-Sec Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹10,000
Min. for 2nd investment onwards	₹500

Rating	3
Fund size	₹45.07Cr

LIC MF Govt. Securities Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (5)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.76%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Marzban IraniAug 2016 - PresentView details

Sanjay PawarJan 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Marzban Irani
Aug 2016 - Present
View details

Sanjay Pawar
Jan 2022 - Present
View details