Historical NAV & Returns
About LIC MF Overnight Fund Direct Growth
LIC MF Overnight Fund Direct Growth is a debt fund. This fund was started on 18 July, 2019. The fund is managed by Rahul Singh. This fund is suitable to keep your money safe.
Key Parameters
- LIC MF Overnight Fund Direct Growth has ₹410 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
LIC MF Overnight Fund Direct Growth has given a CAGR return of 5.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.60%, 6.37% and 5.09% respectively.
Holdings
LIC MF Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 91 Days Tbill, 91 Days Tbill Red 24-04-2025
Taxation
As it is a overnight mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
Investment objective of LIC MF Overnight Fund Direct Growth
The investment objective of the Scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. 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. LIC MF Overnight Fund Direct Growth has no lock in period.
LIC MF Overnight Fund Direct Growth Overview
| Expense ratio | 0.07% |
Benchmark | Nifty 1D Rate TR INR |
| AUM | ₹410 Cr |
| Inception Date | 18 July, 2019 |
| Min Lumpsum/SIP | ₹5000/₹200 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 1309.34% |
| 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 |   Low Risk |
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 410.3 Cr as of Mar'25
- AUM decreased by 607.4 Cr between Mar'25 and Feb'25
Top 2 Sectors in March were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 91 Days Tbill | 2.4% | 0% | |
91 Days Tbill Red 24-04-2025 | 1.93% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 LIC MF Overnight Fund Direct Growth | 6.6% | 6.37% | 5.09% | 5.05% |
 Bank of India Overnight Fund Direct Growth | 6.69% | 6.43% | 5.18% | 5.14% |
 Axis Overnight Fund Direct Growth | 6.65% | 6.39% | 5.11% | 5.09% |
 ICICI Prudential Overnight Fund Direct Growth | 6.58% | 6.34% | 5.06% | 5.14% |
Mutual Fund Insights
LIC MF Overnight Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹410 Cr
Expense Ratio 0.07%
More funds from LIC
5Y CAGR
▲ 6.43
5Y CAGR
▲ 6.55
5Y CAGR
▲ 6.50
5Y CAGR
▲ 6.53
Frequently Asked Questions for LIC MF Overnight Fund Direct Growth
LIC MF Overnight Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.51% | 0.51% |
6 Month Returns | 3.21% | 3.21% |
1 Year Returns | 6.6% | 6.6% |
3 Years Returns | 20.34% | 6.37% |
- 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 |