LIC MF Savings Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 02 Jan 2013. Rahul Singh is the Current Fund Manager of LIC MF Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹949 Cr and the Latest NAV as of 15 Nov 2019 is ₹30.18.
The LIC MF Savings Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To generate income by investing 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