LIC MF Gilt Fund Direct Growth

Debt
Direct
Government Bond
LIC MF Gilt Fund Direct Growth

About the Fund

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, Sanjay Pawar. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Gilt Fund Direct Growth has ₹70 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

LIC MF Gilt Fund Direct Growth has given a CAGR return of 7.63% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.07%, 5.46% and 6.27% respectively.

Holdings

LIC MF Gilt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 07.70 MH Sgs 2033, 7.3% Govt Stock 2053, 7.25% Govt Stock 2063, 7.34% Govt Stock 2064, 7.18% Govt Stock 2037

Taxation

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.

Investment objective of LIC MF Gilt Fund Direct Growth

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 and lockin period

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 1000.00. LIC MF Gilt Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
7 people have invested ₹ 17K in LIC MF Gilt Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.75%
Benchmark
ICICI Securities Mibex TR INR
AUM₹70 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹1000
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
1044.79%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Jun'24

May'24

Apr'24

Government
81.8%
Cash Equivalent
18.2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
07.70 MH Sgs 2033
07.70 MH Sgs 2033
14.92%
0%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
14.71%
0%
7.25% Govt Stock 2063
7.25% Govt Stock 2063
14.6%
0%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
7.46%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
7.44%
0%

Marzban Irani
Marzban Irani
Fund Manager of LIC MF Gilt Fund Direct Growth, since 10 August 2016
Sanjay Pawar
Sanjay Pawar
Fund Manager of LIC MF Gilt Fund Direct Growth, since 1 January 2022

Mutual Fund Insights

Insights icon
In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 10.59% return, outperforming this fund by 2.52%.
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In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.58% return, outperforming this fund by 1.31% per annum.
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In the last 3 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.05% return, outperforming this fund by 1.59% per annum.
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Over the last 3 months, this fund has experienced a 49.8% growth in AUM moving from 46.93 Cr to 70.31 Cr.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.75% which is lower than the category average expense ratio of 0.77%.

LIC MF Gilt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 7.63% since inception which is more than its category average return of 6.77%
AUM size ₹70 Cr

AUM size ₹70 Cr

This fund has AUM of ₹70 Cr which is less than its category average of ₹ 1491 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 0.87%

Frequently Asked Questions

The current NAV of LIC MF Gilt Fund Direct Growth is ₹61.18 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
LIC MF Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.56%
0.56%
6 Month Returns
5.18%
5.18%
1 Year Returns
8.07%
8.07%
3 Years Returns
17.29%
5.46%
5 Years Returns
35.55%
6.27%
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.
0.75% as on June 2024
₹70 Cr as on June 2024
07.70 MH Sgs 2033(14.92%), 7.3% Govt Stock 2053(14.71%), 7.25% Govt Stock 2063(14.6%), 7.34% Govt Stock 2064(7.46%), 7.18% Govt Stock 2037(7.44%) as on June 2024
Yield to Maturity is 7.17 as on June 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 7.76 as on June 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Marzban Irani, Sanjay Pawar are the fund managers of LIC MF Gilt Fund Direct Growth
The Exit load of LIC MF Gilt Fund Direct Growth is 0.25%