How to Invest in LIC MF Savings Fund Direct Growth?

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

What kind of returns does LIC MF Savings Fund Direct Growth provide?

The LIC MF Savings Fund Direct Growth has been there from 02 Jan 2013 and the average annual returns provided by this fund is 5.07% since its inception.

How much expense ratio is charged by LIC MF Savings Fund Direct Growth?

The term Expense Ratio used for LIC MF Savings Fund Direct Growth 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 Savings Fund Direct Growth is 0.27% as of 29 Mar 2023...

What is the AUM of LIC MF Savings Fund Direct Growth?

The AUM, short for Assets Under Management of LIC MF Savings Fund Direct Growth is ₹707.47Cr as of 29 Mar 2023.

How to Redeem LIC MF Savings Fund Direct Growth?

If you want to sell your LIC MF Savings Fund Direct Growth 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 Savings Fund Direct Growth?

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

What is the NAV of LIC MF Savings Fund Direct Growth?

The NAV of LIC MF Savings Fund Direct Growth is ₹36.15 as of 28 Mar 2023.

What is the PE and PB ratio of LIC MF Savings Fund Direct Growth?

The PE ratio ratio of LIC MF Savings Fund Direct Growth 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).

LIC MF Savings Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

LIC MF Savings Fund Direct Growth
Debt
Low Duration
Low to Moderate Risk
5.58%
3Y annualised
-0.01% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 28 Mar 2023₹36.15
Min. SIP amount₹1,000
Rating3
Fund size₹707.47Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Low Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns5.1%5.6%5.5%7.1%
Category average4.7%5.3%5.4%NA
Rank with in category161116NA
Understand terms
Holdings (23)NameSectorInstrumentAssets
GOISovereignGOI Sec7.2%
Oil & Natural Gas Corporation Ltd.EnergyDebenture7.0%
Canara Bank
FinancialCD6.8%
Bank Of Baroda
FinancialCD6.7%
Axis Bank Ltd.
FinancialCD6.7%
National Housing Bank
FinancialDebenture3.7%
National Housing BankFinancialDebenture3.7%
REC Ltd.FinancialNCD3.6%
REC Ltd.FinancialNCD3.6%
HDFC Bank Ltd.
FinancialCD3.5%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
0.27%
31 Jan 2023 - 28 Feb 2023
0.27%
31 Dec 2022 - 31 Jan 2023
0.27%
31 Dec 2022 - 31 Dec 2022
0.27%
30 Nov 2022 - 31 Dec 2022
0.27%
30 Nov 2022 - 30 Nov 2022
0.27%
30 Nov 2022 - 30 Nov 2022
0.27%
31 Oct 2022 - 30 Nov 2022
0.27%
31 Oct 2022 - 31 Oct 2022
0.27%
31 Oct 2022 - 31 Oct 2022
0.27%
31 Oct 2022 - 31 Oct 2022
0.27%
30 Sep 2022 - 31 Oct 2022
0.29%
30 Sep 2022 - 30 Sep 2022
0.29%
30 Sep 2022 - 30 Sep 2022
0.29%
31 Aug 2022 - 30 Sep 2022
0.29%
31 Aug 2022 - 31 Aug 2022
0.29%
31 Jul 2022 - 31 Aug 2022
0.29%
31 Jul 2022 - 31 Jul 2022
0.29%
30 Jun 2022 - 31 Jul 2022
0.29%
30 Jun 2022 - 30 Jun 2022
0.29%
31 May 2022 - 30 Jun 2022
0.29%
31 May 2022 - 31 May 2022
0.29%
30 Apr 2022 - 31 May 2022
0.29%
30 Apr 2022 - 30 Apr 2022
0.29%
31 Mar 2022 - 30 Apr 2022
0.29%
31 Mar 2022 - 31 Mar 2022
0.29%
28 Feb 2022 - 31 Mar 2022
0.29%
28 Feb 2022 - 28 Feb 2022
0.29%
31 Jan 2022 - 28 Feb 2022
0.29%
31 Dec 2021 - 31 Jan 2022
0.29%
30 Nov 2021 - 31 Dec 2021
0.29%
31 Oct 2021 - 30 Nov 2021
0.29%
30 Sep 2021 - 31 Oct 2021
0.29%
31 Aug 2021 - 30 Sep 2021
0.29%
31 Jul 2021 - 31 Aug 2021
0.29%
30 Jun 2021 - 31 Jul 2021
0.29%
31 May 2021 - 30 Jun 2021
0.29%
30 Apr 2021 - 31 May 2021
0.29%
31 Mar 2021 - 30 Apr 2021
0.29%
28 Feb 2021 - 31 Mar 2021
0.29%
31 Jan 2021 - 28 Feb 2021
0.29%
31 Dec 2020 - 31 Jan 2021
0.29%
30 Nov 2020 - 31 Dec 2020
0.29%
31 Oct 2020 - 30 Nov 2020
0.28%
30 Sep 2020 - 31 Oct 2020
0.28%
31 Aug 2020 - 30 Sep 2020
0.28%
31 Jul 2020 - 31 Aug 2020
0.28%
30 Jun 2020 - 31 Jul 2020
0.28%
31 May 2020 - 30 Jun 2020
0.28%
30 Apr 2020 - 31 May 2020
0.28%
31 Mar 2020 - 30 Apr 2020
0.28%
29 Feb 2020 - 31 Mar 2020
0.28%
31 Jan 2020 - 29 Feb 2020
0.28%
31 Dec 2019 - 31 Jan 2020
0.28%
30 Nov 2019 - 31 Dec 2019
0.28%
31 Oct 2019 - 30 Nov 2019
0.28%
30 Sep 2019 - 31 Oct 2019
0.29%
31 Aug 2019 - 30 Sep 2019
0.29%
31 Jul 2019 - 31 Aug 2019
0.29%
30 Jun 2019 - 31 Jul 2019
0.29%
31 May 2019 - 30 Jun 2019
0.28%
30 Apr 2019 - 31 May 2019
0.29%
31 Mar 2019 - 30 Apr 2019
0.29%
28 Feb 2019 - 31 Mar 2019
0.29%
31 Jan 2019 - 28 Feb 2019
0.29%
31 Dec 2018 - 31 Jan 2019
0.29%
30 Nov 2018 - 31 Dec 2018
0.30%
31 Oct 2018 - 30 Nov 2018
0.30%
30 Sep 2018 - 31 Oct 2018
0.30%
31 Aug 2018 - 30 Sep 2018
0.30%
31 Jul 2018 - 31 Aug 2018
0.29%
30 Jun 2018 - 31 Jul 2018
0.29%
31 May 2018 - 30 Jun 2018
0.27%
30 Apr 2018 - 31 May 2018
0.26%
31 Mar 2018 - 30 Apr 2018
0.26%
28 Feb 2018 - 31 Mar 2018
0.26%
31 Jan 2018 - 28 Feb 2018
0.26%
31 Dec 2017 - 31 Jan 2018
0.26%
30 Nov 2017 - 31 Dec 2017
0.26%
31 Oct 2017 - 30 Nov 2017
0.25%
Expense ratio, exit load and taxExpense ratio: 0.27%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000
Fund managementRahul Singh
Sep 2015 - Present
View details
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).
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Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹17,913.46Cr
Date of Incorporation20 Apr 1994
 LIC MF Savings Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Rahul Singh is the Current Fund Manager of LIC MF Savings Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 28 Mar 2023 is ₹36.15.
The LIC MF Savings Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000.
;
Investment ObjectiveThe scheme aims to generate income by investing in a portfolio of quality short term debt securities.
;
Fund benchmarkCRISIL Low Duration Fund BI Index
Scheme Information Document(SID)
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
www.karvymfs.com
Compare funds
LIC MF Savings Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	5.1%	5.6%	5.5%	7.1%
Category average	4.7%	5.3%	5.4%	NA
Rank with in category	16	11	16	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	7.2%
Oil & Natural Gas Corporation Ltd.	Energy	Debenture	7.0%
Canara Bank	Financial	CD	6.8%
Bank Of Baroda	Financial	CD	6.7%
Axis Bank Ltd.	Financial	CD	6.7%
National Housing Bank	Financial	Debenture	3.7%
National Housing Bank	Financial	Debenture	3.7%
REC Ltd.	Financial	NCD	3.6%
REC Ltd.	Financial	NCD	3.6%
HDFC Bank Ltd.	Financial	CD	3.5%

Rank (total assets)	#20 in India
Total AUM	₹17,913.46Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	CRISIL Low Duration Fund BI Index

Vaishnavi Tech Park, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹500

Rating	3
Fund size	₹707.47Cr

LIC MF Savings Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (23)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.27%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Rahul SinghSep 2015 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Rahul Singh
Sep 2015 - Present
View details