1M
6M
1Y
3Y
5Y
All
| NAV: 03 Oct 2022 | ₹30.37 |
| Min. SIP amount | ₹1,000 |
| Rating | 3 |
| Fund size | ₹1,302.51Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Debt Banking and PSU
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 2.7% | 5.3% | 6.7% | 7.4% |
| Category average | 2.4% | 5.7% | 6.4% | NA |
| Rank with in category | 10 | 15 | 11 | NA |
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Holdings (35)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 8.5% |
| REC Ltd. | Financial | Debenture | 7.9% |
| Indian Railway Finance Corporation Ltd. | Financial | Debenture | 5.9% |
| National Housing Bank | Financial | Debenture | 3.9% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 3.9% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 3.9% |
| Bank Of Baroda | Financial | Debenture | 3.9% |
HDFC Bank Ltd. | Financial | CD | 3.8% |
| Oil & Natural Gas Corporation Ltd. | Energy | Debenture | 3.8% |
State Bank of India | Financial | CD | 3.8% |
See All
Pros and cons
Category: Debt Banking and PSU
Pros
Cons
Exit load is zero
3Y annualised returns lower than category average by 0.39%
Lower expense ratio: 0.28%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y and 5Y annualised returns higher than category average
Expense ratio, exit load and tax
Expense ratio: 0.28%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹1,000 |
Fund management
Marzban IraniAug 2016 - PresentView details
Marzban 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
Sanjay PawarJan 2022 - PresentView details
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
Fund house & investment objective
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
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