LIC MF Short Term Debt Fund Direct Growth+0.09%

9.50%
1 Year Return
Debt
Short Duration
3.0star
6M
1Y
All

Fund Details

LIC MF Short Term Debt Fund Direct Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.39%
NAV11.84 (23 Oct 2020)
Fund Started31 Jan 2019
Fund Size345 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Short Term Debt Fund Direct Growth
9.5%
NA
NA
10.3%
Category Average
8.9%
6.3%
7.0%
-
Rank within category
20
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with 9.5% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.39%
    2. 1Y Returns are higher than the category average returns
    3. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. Age is less than 3 years
    3. Risk-adjusted returns are lower compared to the category

    Top Holdings

    NameSectorInstrument% Assets
    National Bank For Agriculture & Rural DevelopmentFinancialNCD9.6%
    Reserve Bank of IndiaFinancialT-Bills7.2%
    Housing Development Finance Corpn. Ltd.FinancialDebenture6.3%
    REC Ltd.FinancialNCD5.8%
    Small Industries Devp. Bank of India Ltd.FinancialBonds/NCD5.8%
    GOISovereignGOI Sec5.7%
    GOISovereignGOI Sec5.3%
    Reliance Industries Ltd.EnergyDebenture4.5%
    Indian Railway Finance Corpn. Ltd.FinancialDebenture4.5%
    GOISovereignGOI Sec3.4%
    See All

    Fund Managers

    addMarzban Irani
    Education
    Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.
    Experience
    Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
    Funds Managed

    LIC MF Short Term Debt Fund Direct Growth Details

    LIC MF Short Term Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 31 Jan 2019. Marzban Irani is the Current Fund Manager of LIC MF Short Term Debt Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹345 Cr and the Latest NAV as of 23 Oct 2020 is ₹11.84.

    The LIC MF Short Term Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.

    Investment Objective

    The scheme seeks to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments.

    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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