LIC MF Savings Fund Direct Growth - Latest NAV[34.16], MF Performance & Returns 2022

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LIC MF Savings Fund Direct Growth
Debt
Low Duration
Low to Moderate Risk
5.19%
3Y annualised
+0.03% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 17 Jan 2022₹34.16
Min. SIP amount₹1,000
Rating2
Fund size₹1,203.39Cr
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 returns3.8%5.2%6.1%7.4%
Category average5.6%4.8%5.7%NA
Rank with in category211615NA
Understand terms
Holdings (30)NameSectorInstrumentAssets
GOI
SovereignCGL12.8%
Power Finance Corporation Ltd.
FinancialDebenture6.7%
Birla Group Holdings Pvt. Ltd.
FinancialCP6.2%
Reliance Industries Ltd.
EnergyDebenture4.5%
Housing Development Finance Corpn. Ltd.
FinancialDebenture4.3%
Indian Oil Corporation Ltd.
EnergyDebenture4.3%
TVS Credit Services Ltd.
FinancialCP4.2%
Kotak Mahindra Investments Ltd.
FinancialCP4.1%
Axis Bank Ltd.
FinancialCD4.1%
Kotak Mahindra Bank Ltd.
FinancialCD4.1%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Low Duration
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 1.46
The fund has generated returns higher than benchmark - CRISIL Low Duration Debt - in the last 3Y 
Exit load is zero
Lower expense ratio: 0.29%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y category rank: 3
Cons
1Y annualised returns lower than category average by 1.33%
Low rating: 2
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
31 Dec 2021 - Present
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: 0.29%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₹16,906.06Cr
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 
 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 ₹16,906 Cr and the Latest NAV as of 17 Jan 2022 is ₹34.16.
The LIC MF Savings Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The scheme aims to generate income by investing in a portfolio of quality short term debt securities.
The scheme aims to generate income by investing in a portfolio of quality short term debt securities.
Fund benchmarkCRISIL Low Duration Debt
Scheme Information Document(SID)
Fund house contact details
Address
4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
Phone
022-66016000
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
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FAQsHow 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 3.79% 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 0.29% as of 18 Jan 2022...
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 ₹1,203.39Cr as of 18 Jan 2022.
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 ₹34.16 as of 17 Jan 2022.
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).

	1Y	3Y	5Y	All
Fund returns	3.8%	5.2%	6.1%	7.4%
Category average	5.6%	4.8%	5.7%	NA
Rank with in category	21	16	15	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	CGL	12.8%
Power Finance Corporation Ltd.	Financial	Debenture	6.7%
Birla Group Holdings Pvt. Ltd.	Financial	CP	6.2%
Reliance Industries Ltd.	Energy	Debenture	4.5%
Housing Development Finance Corpn. Ltd.	Financial	Debenture	4.3%
Indian Oil Corporation Ltd.	Energy	Debenture	4.3%
TVS Credit Services Ltd.	Financial	CP	4.2%
Kotak Mahindra Investments Ltd.	Financial	CP	4.1%
Axis Bank Ltd.	Financial	CD	4.1%
Kotak Mahindra Bank Ltd.	Financial	CD	4.1%

Rank (total assets)	#20 in India
Total AUM	₹16,906.06Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	CRISIL Low Duration Debt

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4th Block, S.T Bed, Koramangala
Bengaluru – 560034
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹500

Rating	2
Fund size	₹1,203.39Cr