How to Invest in LIC MF Overnight Fund Direct IDCW Daily?

You can easily invest in LIC MF Overnight Fund Direct IDCW Daily 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 Overnight Fund Direct IDCW Daily 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 Overnight Fund Direct IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does LIC MF Overnight Fund Direct IDCW Daily provide?

The LIC MF Overnight Fund Direct IDCW Daily has been there from 18 Jul 2019 and the average annual returns provided by this fund is 5.84% since its inception.

How much expense ratio is charged by LIC MF Overnight Fund Direct IDCW Daily?

The term Expense Ratio used for LIC MF Overnight Fund Direct IDCW Daily 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 Overnight Fund Direct IDCW Daily is 0.07% as of 31 Dec 2025...

What is the AUM of LIC MF Overnight Fund Direct IDCW Daily?

The AUM, short for Assets Under Management of LIC MF Overnight Fund Direct IDCW Daily is ₹615.75Cr as of 31 Dec 2025.

How to Redeem LIC MF Overnight Fund Direct IDCW Daily?

If you want to sell your LIC MF Overnight Fund Direct IDCW Daily 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 Overnight Fund Direct IDCW Daily?

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

What is the NAV of LIC MF Overnight Fund Direct IDCW Daily?

The NAV of LIC MF Overnight Fund Direct IDCW Daily is ₹1,091.06 as of 30 Dec 2025.

What is the PE and PB ratio of LIC MF Overnight Fund Direct IDCW Daily?

The PE ratio ratio of LIC MF Overnight Fund Direct IDCW Daily 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).

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	6.48%
Reserve Bank of India	Financial	T-Bills	3.24%
Reserve Bank of India	Financial	T-Bills	0.81%

Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

	1Y	3Y	5Y	All
Fund returns	5.8%	6.4%	5.4%	5.1%
Category average	5.7%	6.3%	5.3%	NA
Rank with in category	9	15	8	NA

Debt, Overnight funds	Rating	1Y	3Y	Fund Size(Cr)
Axis Overnight Fund Direct IDCW Daily	5	5.9%	6.4%	8,896.57
Nippon India Overnight Fund Direct IDCW Daily	4	5.8%	6.4%	6,310.66
Tata Overnight Fund Direct IDCW Daily	4	5.9%	6.4%	3,564.40
Kotak Overnight Fund Direct IDCW Daily	4	5.8%	6.4%	6,725.00
Union Overnight Fund Direct IDCW Daily	4	5.8%	6.4%	807.67

Rank (total assets)	#20 in India
Total AUM	₹43,883.58Cr

LIC MF Overnight Fund Direct IDCW Daily

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Holdings (3)

Minimum investment amounts

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Annualised returns

Absolute returns

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Expense ratio

Tax

Exit load

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Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.07%

Exit load

Stamp duty

Tax implication

Fund management

Rahul SinghJul 2019 - PresentView details

Aakash Parash DhuliaSep 2025 - PresentView details

Fund house & investment objective

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Rahul Singh
Jul 2019 - Present
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Aakash Parash Dhulia
Sep 2025 - Present
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