LIC MF Banking & PSU Debt Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Marzban Irani is the Current Fund Manager of LIC MF Banking & PSU Debt Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹712 Cr and the Latest NAV as of 21 Aug 2019 is ₹10.6.
The LIC MF Banking & PSU Debt Fund Direct Dividend Daily is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
The investment objective of the scheme is to provide reasonable possible current income - consistent with preservation of capital and providing liquidity - from investing in a diversified portfolio of short-term money market and debt 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)
₹5000
Min for First Investment
₹500
Min for Second Investment