LIC MF Short Duration Fund Direct Growth
Debt
Direct
Short Duration
NAV: ₹ 14.02 as on 30-04-2024
About the Fund
LIC MF Short Duration Fund Direct Growth is a debt fund. This fund was started on 1 February, 2019. The fund is managed by Marzban Irani, Sanjay Pawar. This fund is suitable to keep your money safe.
Key Parameters
- LIC MF Short Duration Fund Direct Growth has ₹85 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.4.
Fund Performance
28 people have invested ₹ 3.6L in LIC MF Short Duration Fund Direct Growth in the last three months
Overview
 | 0.36% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹85 Cr |
 | 1 February, 2019 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 738.16% |
LIC MF Short Duration Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Government
53.6%
Corporate
41.5%
Cash Equivalent
4.9%
Top Holdings of LIC MF Short Duration Fund Direct Growth as on (30-Apr-24)
Debt Holdings15
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bajaj Finance Limited | 9% | 0% | |
Small Industries Development Bank Of India | 8.98% | 0% | |
Export-Import Bank of India 7.45% | 8.85% | 0% | |
6.1% Govt Stock 2031 | 8.36% | 0% | |
Kotak Mahindra Prime Limited | 4.68% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 134.8 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.89% return, outperforming this fund by 0.85%.
In the last 5 years, ICICI Prudential Short Term Fund Direct Plan Growth Option has given 7.91% return, outperforming this fund by 1.4% per annum.
In the last 3 years, UTI - Short Duration Fund - Direct Plan - Growth Option has given 7.59% return, outperforming this fund by 2.43% per annum.
This fund has one of the lowest expense ratio in the category (short duration). Its expense ratio is 0.36% which is lower than the category average expense ratio of 0.7%.
Over the last 1 month, this fund has experienced a 37.2% drop in AUM moving from 134.78 Cr to 84.58 Cr.
Peer Analysis
Fund Manager
Marzban Irani
Fund Manager of LIC MF Short Duration Fund Direct Growth, since 1 February 2019
Top funds managed
Sanjay Pawar
Fund Manager of LIC MF Short Duration Fund Direct Growth, since 1 September 2020
Top funds managed
LIC MF Short Duration Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 6.66% since inception which is more than its category average return of 5.61%
AUM size ₹85 Cr
This fund has AUM of ₹85 Cr which is less than its category average of ₹ 3586 Cr
Expense Ratio 0.36%
This fund has an expense ratio of 0.36% which is less than its category average expense ratio of 0.68%
Frequently Asked Questions
The current NAV of LIC MF Short Duration Fund Direct Growth is ₹14.02 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
LIC MF Short Duration Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.33% | 0.33% |
6 Month Returns | 4% | 4% |
1 Year Returns | 7.04% | 7.04% |
3 Years Returns | 16.29% | 5.16% |
5 Years Returns | 37.08% | 6.51% |
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.
0.36% as on April 2024
₹85 Cr as on April 2024
Bajaj Finance Limited(9%), Small Industries Development Bank Of India(8.98%), Export-Import Bank of India 7.45%(8.85%), 6.1% Govt Stock 2031(8.36%), Kotak Mahindra Prime Limited(4.68%) as on April 2024
Government(53.04%), Corporate(31.79%), Cash Equivalent(15.16%) as on April 2024
Yield to Maturity is 7.58 as on April 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 2.57 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Marzban Irani, Sanjay Pawar are the fund managers of LIC MF Short Duration Fund Direct Growth
The Exit load of LIC MF Short Duration Fund Direct Growth is 0%