LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl

LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl

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Debt
Direct
Government Bond
NAV: ₹ 17.43 as on 13-06-2024

About the Fund

LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sanjay Pawar, Marzban Irani. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl has ₹48 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 Plan Reinvestment of Income Distribution cum Cap Wdrl has given a CAGR return of 6.18% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.24%, 5.07% and 6.88% respectively.

Holdings

LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 07.70 MH Sgs 2033, 7.18% Govt Stock 2033, 7.3% Govt Stock 2053, 7.26% Govt Stock 2033, 7.34% Govt Stock 2064

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 Plan Reinvestment of Income Distribution cum Cap Wdrl

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 Plan Reinvestment of Income Distribution cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.75%
Benchmark
Benchmark
ICICI Securities Mibex TR INR
AUM
AUM
₹48 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹10000/₹1000
Exit Load
Exit Load
0.25%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
1044.79%

LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
86.9%
Cash Equivalent
13.1%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 46.8 Cr
₹ 47 Cr
₹ 46.7 Cr
  • AUM of the fund stands at 46.8 Cr as of Apr'24
  • AUM decreased by 0.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl as on (31-May-24)

  • Debt & Cash

Debt Holdings8
Holdings
Weight%
1M Change
07.70 MH Sgs 2033
07.70 MH Sgs 2033
21.58%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
21.43%
0%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
10.95%
0%
7.26% Govt Stock 2033
7.26% Govt Stock 2033
10.77%
0%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
10.73%
0%

Fund Manager

Sanjay Pawar
Sanjay Pawar
Fund Manager of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl, since 1 January 2022
Marzban Irani
Marzban Irani
Fund Manager of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl, since 10 August 2016

LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl 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 6.18% since inception which is less than its category average return of 6.8%
AUM size ₹48 Cr

AUM size ₹48 Cr

This fund has AUM of ₹48 Cr which is less than its category average of ₹ 1477 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 0.88%

Frequently Asked Questions

The current NAV of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl is ₹17.43 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
1.11%
1.11%
6 Month Returns
5.29%
5.29%
1 Year Returns
7.24%
7.24%
3 Years Returns
15.99%
5.07%
5 Years Returns
39.46%
6.88%
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.75% as on May 2024
₹48 Cr as on May 2024
07.70 MH Sgs 2033(21.58%), 7.18% Govt Stock 2033(21.43%), 7.3% Govt Stock 2053(10.95%), 7.26% Govt Stock 2033(10.77%), 7.34% Govt Stock 2064(10.73%) as on May 2024
Yield to Maturity is 7.34 as on May 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 5.83 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Sanjay Pawar, Marzban Irani are the fund managers of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl
The Exit load of LIC MF Gilt Fund Direct Plan Reinvestment of Income Distribution cum Cap Wdrl is 0.25%