LIC MF Savings Fund Direct Growth+0.02%

3Groww
4.28%
1 Year Return
Debt
Low Duration
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Savings Fund Direct Growth

RiskVery Low
Min SIP Amount₹1000
Expense Ratio0.29%
NAV29.27 (08 Jul 2019)
Fund Started01 Jan 2013
Fund Size1,203 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Savings Fund Direct Growth
4.3%
6.5%
7.6%
7.9%
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 4.3% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 5 years
    2. Risk is lower compared to the benchmark
    3. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Shapoorji Pallonji & Co Ltd. (173D)ConstructionCP9.5%
    Power Grid Corporation of India Ltd. (90D)EnergyCP7.0%
    Capital First Ltd (364D)Financial ServicesCP6.6%
    7.85 Cholamandalam Investment and Finance Company Ltd. Aug 8 2019 Financial ServicesDebentures5.3%
    Edelweiss Commodities Services Ltd (90D)ServicesCP5.2%
    NABARDFinancial ServicesCD4.9%
    9.45 Piramal Enterprises Ltd Jun 5 2019 PharmaDebentures3.9%
    11 Aspire Home Finance Corporation Ltd. Jun 28 2019 Financial ServicesDebentures3.5%
    8.1 Cholamandalam Investment and Finance Company Ltd. Nov 28 2019 Financial ServicesDebentures3.5%
    Kotak Mahindra Bank Ltd.Financial ServicesCD3.5%
    See All

    Fund Managers

    addRahul Singh
    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).
    Funds Managed

    Other Details

    LIC MF Savings Fund Direct Growth is a Debt Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Rahul Singh is the Current Fund Manager of LIC MF Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,203 Cr and the Latest NAV as of 08 Jul 2019 is ₹29.27.

    The LIC MF Savings Fund Direct Growth is rated Very Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 3%, if redeemed within 6 months..

    Investment Objective

    To generate income by investing quality short term debt securities.

    Tax Implications

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    Exit load of 3%, if redeemed within 6 months.
    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
    19 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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    + ₹1,000
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