|Min SIP Amount||₹1000|
|NAV||₹1067.48 (22 Jun 2021)|
|Fund Started||26 Nov 2019|
|Fund Size||₹68 Cr|
|Reserve Bank of India||Financial||T-Bills||29.4%|
|National Highways Authority of India Ltd.||Services||NCD||4.7%|
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.
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.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.