Name: LIC MF Ultra Short Term Fund Direct Growth
Brand: LIC Mutual Fund

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LIC MF Ultra Short Term Fund Direct Growth
Debt
Ultra Short Duration
Moderately Low Risk
3.53%
1Y return
+0.02% 1D
1M
6M
1Y
All
 NAV: 20 Sep 2021₹1,077.05
Min. SIP amount₹1,000
Rating1star
Fund size₹79.19 Cr
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 Ultra Short Duration
Absolute returns
3M6M1YAll
Fund returns0.9%1.8%3.5%7.7%
Category averageNANA3.7%NA
Rank with in category252423NA
Understand termsinfo
Holdings (7)NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills31.0%
GOI
SovereignCGL19.7%
Reserve Bank of India
FinancialT-Bills12.4%
Birla Group Holdings Pvt. Ltd.
FinancialCP6.3%
L&T Finance Ltd.
FinancialCP6.2%
REC Ltd.
FinancialBonds5.9%
National Highways Authority of India Ltd.
ServicesNCD4.0%
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 consinfo
Category: Debt Ultra Short Duration
thumb_up_altPros
Lower expense ratio - 0.2%
Exit load is zero
thumb_down_altCons
Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
Age is less than 3 years
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 Aug 2021 - Present
0.20%
31 Jul 2021 - 31 Aug 2021
0.20%
30 Jun 2021 - 31 Jul 2021
0.20%
31 May 2021 - 30 Jun 2021
0.20%
30 Apr 2021 - 31 May 2021
0.20%
31 Mar 2021 - 30 Apr 2021
0.20%
28 Feb 2021 - 31 Mar 2021
0.20%
31 Jan 2021 - 28 Feb 2021
0.20%
31 Dec 2020 - 31 Jan 2021
0.20%
30 Nov 2020 - 31 Dec 2020
0.20%
31 Oct 2020 - 30 Nov 2020
0.20%
30 Sep 2020 - 31 Oct 2020
0.21%
31 Aug 2020 - 30 Sep 2020
0.21%
31 Jul 2020 - 31 Aug 2020
0.21%
30 Jun 2020 - 31 Jul 2020
0.21%
31 May 2020 - 30 Jun 2020
0.21%
30 Apr 2020 - 31 May 2020
0.21%
31 Mar 2020 - 30 Apr 2020
0.22%
29 Feb 2020 - 31 Mar 2020
0.22%
31 Jan 2020 - 29 Feb 2020
0.22%
31 Dec 2019 - 31 Jan 2020
0.22%
30 Nov 2019 - 31 Dec 2019
0.22%
Expense ratio, exit load and taxExpense ratio: 0.20%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 termsinfo
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
Nov 2019 - Present
View details
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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
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LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM16,906.06 Cr
Date of Incorporation20 Apr 1994
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 
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 20 Apr 1994. 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 ₹16,906 Cr and the Latest NAV as of 20 Sep 2021 is ₹1,077.05.
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. ...Read more
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
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.
...Read more
Fund benchmarkCRISIL Ultra Short Term Debt Index
descriptionScheme Information Document(SID)
Fund house contact details
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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
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	3M	6M	1Y	All
Fund returns	0.9%	1.8%	3.5%	7.7%
Category average	NA	NA	3.7%	NA
Rank with in category	25	24	23	NA

Name	Sector	Instrument	Assets
Reserve Bank of India	Financial	T-Bills	31.0%
GOI	Sovereign	CGL	19.7%
Reserve Bank of India	Financial	T-Bills	12.4%
Birla Group Holdings Pvt. Ltd.	Financial	CP	6.3%
L&T Finance Ltd.	Financial	CP	6.2%
REC Ltd.	Financial	Bonds	5.9%
National Highways Authority of India Ltd.	Services	NCD	4.0%

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

Rating	1
Fund size	₹79.19 Cr