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LIC MF Ultra Short Term Fund Direct Growth+0.01%

3.63%
1 Year Return
Debt
Ultra Short Duration
6M
1Y
All

Fund Details

LIC MF Ultra Short Term Fund Direct Growth

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.20%
NAV₹1067.48 (22 Jun 2021)
Fund Started26 Nov 2019
Fund Size68 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.6%
-
-
4.3%
Category Average
4.4%
5.4%
6.0%
-
Rank Within Category
23
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount1,000
Amount Per Month₹5,000
Would have become
0
with 3.6% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.2%
2. 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. 1Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
GOISovereignCGL37.9%
Reserve Bank of IndiaFinancialT-Bills29.4%
REC Ltd.FinancialBonds7.3%
National Highways Authority of India Ltd.ServicesNCD4.7%

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.

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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