LIC MF Overnight Fund Direct Growth

Debt
Direct
Overnight
LIC MF Overnight Fund Direct Growth

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 ₹541 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.

Returns

LIC MF Overnight Fund Direct Growth has given a CAGR return of 4.79% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.81% and 5.43% respectively.

Holdings

LIC MF Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are Axis Securities Limited, Kotak Securities Ltd, 182 DTB 04072024, 182 DTB 20062024

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:
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 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 1000.00. LIC MF Overnight Fund Direct Growth has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.07%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹541 Cr
Inception Date18 July, 2019
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
430.5%
Risk
Risk meter
pointer
Low to Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Cash Equivalent
87.7%
Corporate
9.5%
Government
2.8%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
Axis Securities Limited
Axis Securities Limited
9.23%
0%
Kotak Securities Ltd
Kotak Securities Ltd
9.23%
0%
182 DTB 04072024
182 DTB 04072024
2.76%
0%
182 DTB 20062024
182 DTB 20062024
1.85%
0%

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

LIC MF Overnight Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 4.79% since inception which is more than its category average return of 3.69%
AUM size ₹541 Cr

AUM size ₹541 Cr

This fund has AUM of ₹541 Cr which is less than its category average of ₹ 2658 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 0.13%

Frequently Asked Questions

The current NAV of LIC MF Overnight Fund Direct Growth is ₹1258.69 as on 18-Jun-2024.
Existing (Absolute + CAGR) as on 18-Jun-2024.
LIC MF Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.55%
0.55%
6 Month Returns
3.35%
3.35%
1 Year Returns
6.81%
6.81%
3 Years Returns
17.19%
5.43%
5 Years Returns
0%
0%
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.
0.07% as on May 2024
₹541 Cr as on May 2024
Yield to Maturity is 6.79 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 0.01 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
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%