LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl

LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl

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Debt
Direct
Overnight
NAV: ₹ 1257.26 as on 12-06-2024

About the Fund

LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl 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 Periodic Payout of Income Dis cum Cap Wrdl has ₹524 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 Periodic Payout of Income Dis cum Cap Wrdl has given a CAGR return of 4.78% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 6.80% and 5.41% respectively.

Holdings

LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl has allocated its funds majorly in Cash Equivalent, Corporate, Government. Its top holdings are Aditya Birla Finance Limited, Canara Bank, Mahindra & Mahindra Financial Services Ltd., Reliance Retail Ventures Limited, 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 Periodic Payout of Income Dis cum Cap Wrdl

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 Periodic Payout of Income Dis cum Cap Wrdl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.07%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹524 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
430.5%

LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl Distribution as on (31-Dec-69)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Cash Equivalent
79%
Corporate
18.6%
Government
2.5%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 394.9 Cr
₹ 596.6 Cr
₹ 1.2K Cr
  • AUM of the fund stands at 394.9 Cr as of Apr'24
  • AUM decreased by 201.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl as on (31-May-24)

  • Debt & Cash

Debt Holdings5
Holdings
Weight%
1M Change
Aditya Birla Finance Limited
Aditya Birla Finance Limited
9.54%
0%
Canara Bank
Canara Bank
9.53%
0%
Mahindra & Mahindra Financial Services Ltd.
Mahindra & Mahindra Financial Services Ltd.
9.53%
0%
Reliance Retail Ventures Limited
Reliance Retail Ventures Limited
9.53%
0%
182 DTB 20062024
182 DTB 20062024
1.9%
0%

Fund Manager

Rahul Singh
Rahul Singh
Fund Manager of LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl, since 18 July 2019

LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl 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 4.78% since inception which is more than its category average return of 3.66%
AUM size ₹524 Cr

AUM size ₹524 Cr

This fund has AUM of ₹524 Cr which is less than its category average of ₹ 2630 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 Periodic Payout of Income Dis cum Cap Wrdl is ₹1257.26 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
0.55%
0.55%
6 Month Returns
3.35%
3.35%
1 Year Returns
6.8%
6.8%
3 Years Returns
17.14%
5.41%
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
₹524 Cr as on May 2024
Aditya Birla Finance Limited(9.54%), Canara Bank(9.53%), Mahindra & Mahindra Financial Services Ltd.(9.53%), Reliance Retail Ventures Limited(9.53%), 182 DTB 20062024(1.9%) as on May 2024
Cash Equivalent(87.71%), Corporate(9.46%), Government(2.84%) as on May 2024
Yield to Maturity is 6.67 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 Periodic Payout of Income Dis cum Cap Wrdl
The Exit load of LIC MF Overnight Fund Direct Periodic Payout of Income Dis cum Cap Wrdl is 0%