LIC MF Govt. Securities Fund Growth+0.29%

10.75%
1 Year Return
Debt
Gilt
3.0star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Govt. Securities Fund Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio1.48%
NAV47.77 (23 Oct 2020)
Fund Started29 Nov 1999
Fund Size56 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Govt. Securities Fund Growth
10.8%
9.0%
8.4%
7.8%
Category Average
10.9%
8.4%
8.6%
-
Rank within category
16
8
16
-
*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
    0
    with 10.8% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. 1Y Returns are higher than the benchmark
    3. 3Y Returns are higher than the benchmark
    4. 5Y Returns are higher than the benchmark
    5. Age is more than 10 years
    6. 3Y Returns are higher than the category average returns
    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
    3. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
    4. 10Y Returns are lower than the category average returns

    Top Holdings

    NameSectorInstrument% Assets
    GOISovereignGOI Sec52.8%
    GOISovereignGOI Sec16.5%
    GOISovereignGOI Sec13.2%
    Reserve Bank of IndiaFinancialT-Bills8.9%
    GOISovereignGOI Sec5.3%

    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, 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.
    Funds Managed

    LIC MF Govt. Securities Fund Growth Details

    LIC MF Govt. Securities Fund Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 29 Nov 1999. Marzban Irani is the Current Fund Manager of LIC MF Govt. Securities Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹56 Cr and the Latest NAV as of 23 Oct 2020 is ₹47.77.

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

    Investment Objective

    The scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.

    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
    20 Apr 1994
    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,
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