| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.28% |
| NAV | ₹11.64 (28 Oct 2020) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹1,751 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | GOI Sec | 7.0% |
| Indian Railway Finance Corpn. Ltd. | Financial | Debenture | 6.5% |
| Reserve Bank of India | Financial | T-Bills | 5.7% |
| Axis Bank Ltd. | Financial | CD | 5.7% |
| Small Industries Devp. Bank of India Ltd. | Financial | CP | 5.7% |
| National Bank For Agriculture & Rural Development | Financial | NCD | 5.5% |
| National Housing Bank | Financial | NCD | 5.5% |
| Indian Oil Corpn. Ltd. | Energy | Debenture | 3.8% |
| Reliance Industries Ltd. | Energy | NCD | 3.0% |
| Housing Development Finance Corpn. Ltd. | Financial | NCD | 2.9% |
LIC MF Banking & PSU Debt Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Marzban Irani is the Current Fund Manager of LIC MF Banking & PSU Debt Fund Direct Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹1,751 Cr and the Latest NAV as of 28 Oct 2020 is ₹11.64.
The LIC MF Banking & PSU Debt Fund Direct Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The Scheme seek to generate income and capital appreciation by primarily investing in a portfolio of high quality Debt and Money Market Securities that are issued by Banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.