LIC MF Overnight Fund Direct Growth
LIC MF Overnight Fund Direct Growth

LIC MF Overnight Fund Direct Growth

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Debt
Direct
Overnight

NAV: ₹ 1151.8 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
8 people have invested ₹ 40K in mutual fund in the last three months

Fund Insights

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In the last 1 year, Axis Overnight Fund Direct Growth has given 5.03% return, outperforming this fund by 0.01%

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In the last 3 years, Mirae Asset Overnight Fund Direct Growth has given 3.9% return, outperforming this fund by 0.07% per annum

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This fund has one of the lowest expense ratio in the category (overnight). Its expense ratio is 0.07% which is lower than the category average expense ratio of 0.13%

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
3Y
This Fund
0.5%
1.5%
3%
5%
3.8%
Benchmark
-
-
-
-
-
About the Fund

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

1) LIC MF Overnight Fund Direct Growth has a NAV of 1151.7797 as on 08-02-2023.

2) LIC MF Overnight Fund Direct Growth has 422 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.07 %.

Fund Overview

Expense ratio
Expense ratio
0.07%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹422 Cr
Inception Date
Inception Date
18 July, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
180.39%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Cash Equivalent

100%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings3
Holdings
Weight%
Holdings Trend
1M Change
Treps
Treps
94.08%
0%
91 DTB 02022023
91 DTB 02022023
3.56%
0%
364 Dtb 23022023
364 Dtb 23022023
1.18%
0%

What changed

in last one month
  • Scheme
AUM decreased by 68.2 Cr in last 1M
Dec'69 return outperformed benchmark

Change in AUM

Dec'22
₹ 404.3 Cr
Nov'22
₹ 472.5 Cr
Oct'22
₹ 799.9 Cr

Fund Returns vs Benchmark

Jan'23
0.42%
0.36%
Dec'22
0.44%
0.40%
Nov'22
0.43%
0.41%
Fund Return
Benchmark Return

Fund Manager

Rahul Singh

Rahul Singh

Fund Manager of LIC MF Overnight Fund Direct Growth, since 18 July 2019

AMC details

Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹14.81K Cr
as on 31-Dec-2022
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+912222812038
Email
licmfamc@licmutual.com

Fund Highlights

Risk meter
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Low Risk

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

About the fund

This fund has delivered an average annual returns of 4.05% since inception which is more than its category average return of 3.16%
AUM size ₹422 Cr

AUM size ₹422 Cr

This fund has AUM of ₹422 Cr which is less than its category average of ₹ 3532 Cr
Expense Ratio 0.07%

Expense Ratio 0.07%

This fund has an expense ratio of 0.07% which is less than its category average expense ratio of 0.14%

Frequently Asked Questions

The current NAV of LIC MF Overnight Fund Direct Growth is 1151.58 as on 07-Feb-2023.
Existing (Absolute + CAGR)
LIC MF Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.52%
0.52%
6 Month Returns
2.95%
2.95%
1 Year Returns
5.01%
5.01%
3 Years Returns
11.93%
3.83%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • 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.
0.07 as on January 2023
422 Cr as on January 2023
Rahul Singh is the fund manager of LIC MF Overnight Fund Direct Growth
The Exit load of LIC MF Overnight Fund Direct Growth is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.