LIC MF Gilt Fund Direct Growth
Debt
Direct
Government Bond
NAV as on 22-10-2024
₹ 62.73
Inception Returns
7.7%
/yr
About LIC MF Gilt Fund Direct Growth
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
- LIC MF Gilt Fund Direct Growth has ₹90 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.8.
Returns
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 10.61%, 6.12% and 6.59% respectively.
Holdings
LIC MF Gilt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 7.30 Goi 19062053, 7.25% Govt Stock 2063, 7.34% Govt Stock 2064, 07.70 MH Sgs 2033, 7.23% Goi 15/04/2039
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 200.00. LIC MF Gilt Fund Direct Growth has no lock in period.
Historical NAV & Returns
LIC MF Gilt Fund Direct Growth Overview
| Expense ratio | 0.75% |
Benchmark | ICICI Securities Mibex TR INR |
| AUM | ₹90 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 within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 88.9 Cr as of Sep'24
- AUM increased by 16.7 Cr between Sep'24 and Aug'24
Top 2 Sectors in September were Financial Services, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.30 Goi 19062053 | 14.82% | 0% | |
7.25% Govt Stock 2063 | 14.74% | 0% | |
7.34% Govt Stock 2064 | 12.04% | 0% | |
07.70 MH Sgs 2033 | 11.59% | 0% | |
7.23% Goi 15/04/2039 | 11.49% | 0% |
Mutual Fund Insights
LIC MF Gilt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹0 Cr
Expense Ratio 0.75%
Frequently Asked Questions for LIC MF Gilt Fund Direct Growth
LIC MF Gilt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.19% | 0.19% |
6 Month Returns | 5.81% | 5.81% |
1 Year Returns | 10.61% | 10.61% |
3 Years Returns | 19.5% | 6.12% |
5 Years Returns | 37.59% | 6.59% |
- 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.
AAA | 100 |