Fund Details
LIC MF Ultra Short Term Fund Direct Growth
| Risk | Moderately Low |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.20% |
| NAV | ₹1067.48 (22 Jun 2021) |
|---|---|
| Fund Started | 26 Nov 2019 |
| Fund Size | ₹68 Cr |
Returns
Comparison
1. Lower expense ratio - 0.2%
2. Exit load is zero
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. 1Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| GOI | Sovereign | CGL | 37.9% |
| Reserve Bank of India | Financial | T-Bills | 29.4% |
| REC Ltd. | Financial | Bonds | 7.3% |
| National Highways Authority of India Ltd. | Services | NCD | 4.7% |
Fund Managers
LIC MF Ultra Short Term Fund Direct Growth Details
LIC MF Ultra Short Term Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 26 Nov 2019. Rahul Singh is the Current Fund Manager of LIC MF Ultra Short Term Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹68 Cr and the Latest NAV as of 22 Jun 2021 is ₹1067.48.
The LIC MF Ultra Short Term Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
Investment Objective
The scheme seeks to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.
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.
