LIC MF Short Duration Fund Direct Growth

Debt
Short Duration
Moderate Risk
5.37%
3Y annualised
+0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 26 Feb 2024₹13.87
Min. SIP amount₹1,000
Rating3
Fund size₹130.37Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Short Duration
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.7%5.4%6.5%6.6%
Category average7.2%5.4%6.0%NA
Rank with in category171716NA
Understand terms

Holdings (16)

NameSectorInstrumentAssets
Maharashtra State
OthersSDL11.92%
FinancialNCD7.90%
Gujarat State
OthersSDL7.85%
FinancialNCD7.80%
FinancialDebenture7.76%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture7.74%
REC Ltd.
FinancialNCD7.47%
Axis Bank Ltd.
FinancialCD7.44%
FinancialDebenture4.05%
FinancialDebenture4.03%
See All

Pros and cons

Category: Debt Short Duration

Pros

Cons

Higher alpha: 3.53 The fund has generated returns higher than benchmark - CRISIL Short Duration Debt B-II Index - in the last 3Y
3Y annualised returns lower than category average by 0.08%
Exit load is zero
Lower expense ratio: 0.37%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
1Y and 5Y annualised returns higher than category average

Expense ratio, exit load and tax

Expense ratio: 0.37%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Marzban Irani
Jan 2019 - Present
View details

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.
Also manages these schemes

Pratik Harish Shroff
Sep 2023 - Present
View details

Education
Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience
Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
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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