LIC MF Gilt Fund Direct Growth

LIC MF Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund is suitable to keep your money safe.

1. LIC MF Gilt Fund Direct Growth has ₹92 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.8.
   

LIC MF Gilt Fund Direct Growth has given a CAGR return of 7.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.38%, 7.31% and 5.63% respectively.

LIC MF Gilt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 6.9% Govt Stock 2065, 7.3% Govt Stock 2053, 7.23% Govt Stock 2039, 7.1% Govt Stock 2034

As it is a government bond 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.

The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. However, there is no assurance that the investment objective of the Schemes will be realized.

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 200.00. LIC MF Gilt Fund Direct Growth has no lock in period.