LIC MF Govt. Securities Fund Direct Growth+0.08%

4Groww
16.28%
1 Year Return
Debt
Gilt
4.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Govt. Securities Fund Direct Growth

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.51%
NAV44.72 (09 Jul 2019)
Fund Started02 Jan 2013
Fund Size44 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Govt. Securities Fund Direct Growth
16.3%
8.7%
10.3%
8.6%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 16.3% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    Cons
    1. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
    2. Risk-adjusted returns are lower compared to the category
    3. Risk is higher compared to the benchmark
    4. Higher expense ratio
    5. 1Y Returns are lower than the benchmark
    6. 3Y Returns are lower than the benchmark
    7. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    7.37 GOI Apr 16 2023 SovereignGilt91.2%
    7.17 GOI Jan 8 2028 SovereignGilt7.3%
    Triparty RepoCurrent AssetsMoney Market3.5%
    Net Receivables/(Payable)Current AssetsNet Receivables/(Payables)-2.0%
    See All

    Fund Managers

    addMarzban Irani
    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, 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.
    Funds Managed

    Other Details

    LIC MF Govt. Securities Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 02 Jan 2013. Marzban Irani is the Current Fund Manager of LIC MF Govt. Securities Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹44 Cr and the Latest NAV as of 09 Jul 2019 is ₹44.72.

    The LIC MF Govt. Securities Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Exit load of 0.25% if redeemed within 30 days.

    Investment Objective

    The fund aims to be a dedicated gilt fund with investments primarily in State Govt and Central Govt Securities.

    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)

    ₹10000
    Min for First Investment
    ₹500
    Min for Second Investment
    Exit load of 0.25% if redeemed within 30 days
    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
    Karvy
    Address
    NA
    Invest Now
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