|Min SIP Amount||₹1000|
|NAV||₹1052.50 (19 Oct 2020)|
|Fund Started||18 Jul 2019|
|Fund Size||₹584 Cr|
LIC MF Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 18 Jul 2019. Rahul Singh is the Current Fund Manager of LIC MF Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹584 Cr and the Latest NAV as of 19 Oct 2020 is ₹1052.50.
The LIC MF Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.