LIC MF Childrens Fund Direct Growth

LIC MF Childrens Fund Direct Growth

Hybrid

Direct

Children

NAV as on 06-12-2024

₹ 38.95

0.3%

1D

Inception Returns

11.7%

/yr

About LIC MF Childrens Fund Direct Growth

LIC MF Childrens Fund Direct Growth is a hybrid fund. This fund was started on 16 January, 2013. The fund is managed by Nikhil Rungta. This fund gives you the benefit of diversification.

Key Parameters

  1. LIC MF Childrens Fund Direct Growth has ₹17 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.7.

Returns

LIC MF Childrens Fund Direct Growth has given a CAGR return of 11.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.17%, 15.21% and 14.79% respectively.

Holdings

LIC MF Childrens Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Tech, Basic Materials, Consumer Defensive, Health, Energy, Utilities, Communication, Real Estate.

Taxation

As it is a children mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of LIC MF Childrens Fund Direct Growth

The primary investment objective of the scheme is to seek to generate capital appreciation & provide longterm growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. However there can be no assurance that the investment objective of the scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. There is a lock in period for LIC MF Childrens Fund Direct Growth of 5 Years

Historical NAV & Returns

Annualised

LIC MF Childrens Fund Direct Growth Overview

Expense ratio1.68%
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
AUM₹17 Cr
Inception Date16 January, 2013
Min Lumpsum/SIP₹5000/₹200
Exit Load0%
Lock In5 Years
TurnOver
26.6%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
LIC MF Childrens Fund Direct Growth
Hybrid Equity Index
1M
3.4%
-
3M
1.8%
-
6M
13.7%
-
1Y
24.2%
-
3Y
15.2%
-
5Y
14.8%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 87.8%

  • Debt & Cash 12.2%

Large cap
42.8%

Small cap
31.5%

Mid cap
8%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
23.1%
Consumer Cyclical
19.5%
Industrial
13.9%
Tech
10%
Basic Materials
8.7%
Consumer Defensive
8.4%
Health
6.4%
Utilities
3.5%
Energy
3.5%
Communication
2.4%
Real Estate
0.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 16.4 Cr
₹ 17.4 Cr
₹ 17.3 Cr
  • AUM of the fund stands at 16.4 Cr as of Oct'24
  • AUM decreased by 1 Cr between Oct'24 and Sep'24

Top 3 Sectors in October were Government, Consumer Cyclical & Financial Services

Oct'24
Government
80%
Financial Services
23%
Consumer Cyclical
20%
Sep'24
Government
75%
Consumer Cyclical
17%
Financial Services
17%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
49
50
51
Top 5 Company Concentration
25.7%
26.2%
26.3%
Company having highest exposure
HDFC Bank Ltd (9%)
HDFC Bank Ltd (8.5%)
HDFC Bank Ltd (8.1%)
No of Sectors
12
11
11
Top 5 Sectors Concentration
146.4%
136.8%
139.9%
Sector having highest exposure
Government (79.9%)
Government (74.9%)
Government (77.2%)
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Nikhil Rungta
Nikhil Rungta
Fund Manager of LIC MF Childrens Fund Direct Growth, since 1 July 2024
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
In the last 5 years, HDFC Childrens Gift Fund Direct Plan(Lock-in) has given 20.33% return, outperforming this fund by 5.53% per annum.
Insights icon
In the last 1 year, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 39.18% return, outperforming this fund by 15.01%.
Insights icon
In the last 3 years, SBI Magnum Children's Benefit Fund- Investment Plan Direct Growth has given 23.87% return, outperforming this fund by 8.65% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 3.8% drop in AUM moving from 17.27 Cr to 16.61 Cr.

LIC MF Childrens Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 11.72% since inception which is less than its category average return of 13.69%
Fund Allocations

Fund Allocations

This fund has an allocation of 87.76% in Equity, 9.47% in Debt and 2.77% in Cash related instruments
AUM size ₹17 Cr

AUM size ₹17 Cr

This fund has AUM of ₹17 Cr which is less than its category average of ₹ 1611 Cr
Expense Ratio 1.68%

Expense Ratio 1.68%

This fund has an expense ratio of 1.68% which is more than its category average expense ratio of 1.59%

Frequently Asked Questions for LIC MF Childrens Fund Direct Growth

The current NAV of LIC MF Childrens Fund Direct Growth is ₹38.95 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
LIC MF Childrens Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.4%
3.4%
6 Month Returns
13.75%
13.75%
1 Year Returns
24.17%
24.17%
3 Years Returns
52.93%
15.21%
5 Years Returns
99.35%
14.79%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.68% as on November 2024
₹17 Cr as on November 2024
7.38% Govt Stock 2027(9.47%), HDFC Bank Ltd(5.73%), State Bank of India(4.29%), ICICI Bank Ltd(4.01%), Infosys Ltd(3.58%) as on November 2024
Consumer Cyclical(17.48%), Financial Services(15.64%), Industrial(14.59%) as on November 2024
AAA
100
Nikhil Rungta is the fund manager of LIC MF Childrens Fund Direct Growth
The Exit load of LIC MF Childrens Fund Direct Growth is 0%