Debt
Direct
Government Bond
NAV as on 05-12-2024
₹ 63.33
▲0.2%
1D
Inception Returns
7.7%
/yr
LIC MF Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund is suitable to keep your money safe.
LIC MF Gilt Fund Direct Growth has given a CAGR return of 7.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.56%, 6.32% and 6.57% respectively.
LIC MF Gilt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.25% Govt Stock 2063, 07.70 MH Sgs 2033, 7.23% Govt Stock 2039
As it is a government bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. However, there is no assurance that the investment objective of the Schemes will be realized.
Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 200.00. LIC MF Gilt Fund Direct Growth has no lock in period.
Expense ratio | 0.75% |
Benchmark | ICICI Securities Mibex TR INR |
AUM | ₹95 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹10000/₹200 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 360.54% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (05-Dec-24)
as on (31-Dec-69)
Top 2 Sectors in October were Financial Services, Government
LIC MF Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.78% | 0.78% |
6 Month Returns | 5.25% | 5.25% |
1 Year Returns | 10.56% | 10.56% |
3 Years Returns | 20.19% | 6.32% |
5 Years Returns | 37.49% | 6.57% |
AAA | 100 |