LIC MF Overnight Fund Direct Growth+0.01%

3.81%
1 Year Return
Debt
Overnight
6M
1Y
All

Fund Details

LIC MF Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹1000
Expense Ratio0.07%
NAV1052.50 (19 Oct 2020)
Fund Started18 Jul 2019
Fund Size584 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Overnight Fund Direct Growth
3.8%
NA
NA
4.2%
Category Average
3.7%
5.0%
5.5%
-
Rank within category
12
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 3.8% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.07%
    2. Exit load is zero
    Cons
    1. Age is less than 3 years
    2. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Axis Bank Ltd.FinancialCD6.1%
    Kotak Mahindra Bank Ltd.FinancialCD6.1%

    Fund Managers

    addRahul Singh
    Education
    Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
    Experience
    Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
    Funds Managed

    LIC MF Overnight Fund Direct Growth Details

    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.

    Investment Objective

    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.

    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
    Nil
    Exit Load

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    About LIC Mutual Fund

    Address
    4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
    Phone
    022-66016000
    Launch Date
    20 Apr 1994
    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,
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