LIC MF Savings Fund Dividend Daily0.00%

7.35%
1 Year Return
Debt
Low Duration
3.0star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Savings Fund Dividend Daily

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.83%
NAV10.45 (28 Oct 2020)
Fund Started29 May 2003
Fund Size986 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Savings Fund Dividend Daily
7.3%
5.9%
6.6%
6.7%
Category Average
6.2%
5.1%
6.1%
-
Rank within category
12
17
15
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 7.3% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Exit load is zero
    3. Age is more than 10 years
    4. 1Y Returns are higher than the category average returns
    5. 3Y Returns are higher than the category average returns
    6. 5Y Returns are higher than the category average returns
    Cons
    1. Risk-adjusted returns are lower compared to the category
    2. Risk is higher compared to the benchmark
    3. 1Y Returns are lower than the benchmark
    4. 3Y Returns are lower than the benchmark
    5. 5Y Returns are lower than the benchmark
    6. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    Reserve Bank of IndiaFinancialT-Bills10.0%
    Reliance Industries Ltd.EnergyDebenture5.3%
    Housing Development Finance Corpn. Ltd.FinancialDebenture5.2%
    REC Ltd.FinancialNCD5.1%
    Bajaj Finance Ltd.FinancialDebenture5.1%
    Larsen & Toubro Ltd.ConstructionCP5.0%
    National Bank For Agriculture & Rural DevelopmentFinancialCD5.0%
    Bank Of BarodaFinancialCD4.9%
    Hero FinCorp Ltd.FinancialCP4.9%
    Reserve Bank of IndiaFinancialT-Bills4.0%
    See All

    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 Savings Fund Dividend Daily Details

    LIC MF Savings Fund Dividend Daily is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 29 May 2003. Rahul Singh is the Current Fund Manager of LIC MF Savings Fund Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹986 Cr and the Latest NAV as of 28 Oct 2020 is ₹10.45.

    The LIC MF Savings Fund Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

    Investment Objective

    The scheme aims to generate income by investing in a portfolio of quality short term debt securities.

    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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