When you invest for three years or above, you can expect gains that beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.
Balanced hybrid funds invest roughly half of your money in equity shares and the rest in bonds and commodities. Their returns are lower than pure equity funds which invest all your money in shares, but they also fall less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.
Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than three years.
Taxability of earnings:
The tax treatment of this fund may vary depending upon its asset allocation. It will be taxed in the following manner based on its average asset allocation in the last 12 months.
|VR Balanced TRI||-3.04||-0.82||-2.14||-3.65||-2.07||5.43||9.10||10.10||7.42||11.18||9.82|
|Hybrid: Balanced Hybrid||-0.49||-0.53||-1.73||-1.84||0.28||6.16||7.85||5.77||6.05||9.50||8.76|
|Rank within category||9||8||8||9||7||3||2||9||8||6||8|
|Number of funds in category||10||10||10||10||10||10||10||10||8||8||8|
As on 26-Feb-2020
|Best (Period)||Worst (Period)|
|Week||19.84 (15-May-2009 - 22-May-2009)||-23.55 (15-Jan-2008 - 22-Jan-2008)|
|Month||33.11 (11-May-2009 - 10-Jun-2009)||-37.79 (24-Sep-2008 - 24-Oct-2008)|
|Quarter||78.04 (05-Mar-2009 - 04-Jun-2009)||-47.81 (02-Sep-2008 - 02-Dec-2008)|
|Year||76.65 (09-Mar-2009 - 11-Mar-2010)||-71.78 (14-Jan-2008 - 13-Jan-2009)|
|VR Balanced TRI||11.92||10.21||0.61||0.95||--||--|
|Hybrid: Balanced Hybrid||6.71||7.30||0.16||0.23||0.62||-2.81|
|Rank within category||8||9||8||8||8||10|
|Number of funds in category||10||10||10||10||10||10|
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Jan-2020
|Number of Stocks||36|
|Top 10 Holdings (%)||49.33|
|Top 5 Holdings (%)||32.58|
|Top 3 Sectors (%)||64.57|
|Portfolio P/B Ratio||4.02|
|Portfolio P/E Ratio||27.41|
|Company||Sector||P/E||3Y High||3Y Low||% Assets|
|Kotak Mahindra Bank||Financial||36.51||7.03||0.00||6.82|
|Tata Consultancy Services||Technology||24.58||5.71||0.00||4.75|
|SBI Life Insurance Company||Financial||66.06||3.73||0.00||3.53|
|ICICI Lombard General Insurance||Financial||49.18||2.51||0.00||2.39|
|City Union Bank||Financial||21.43||2.76||0.00||2.09|
|Kansai Nerolac Paints||Chemicals||50.05||1.72||0.00||1.72|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2020
Education: Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.
Experience: Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
Education: Mr. Patil is an MBA (Finance).
Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
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The scheme seeks to provide long term growth of capital through a judicious mix of investments mainly in quality debt securities with relatively low level of risks.
|Minimum Investment (₹)||5,000|
|Minimum Addl Investment (₹)||500|
|Minimum SIP Investment (₹)||1,000|
|Minimum No of Cheques||12|
|Minimum Withdrawal (₹)||500|
|Minimum Balance (₹)||--|
|Fund House:||LIC Mutual Fund|
|Return Since Launch:||3.33%|
|Benchmark:||CRISIL Hybrid 35+65 Aggressive|
|Assets:||₹ 12 Cr (As on 31-Jan-2020)|
|Expense:||2.41% (As on 31-Jan-2020)|
AMC: LIC Mutual Fund Asset Management Company Ltd
Address: Industrial Assurance Building 4th Floor, Opp. Churchgate Station Mumbai - 400020
Phone: 022-66016000 / 1800-258-5678
Email: [email protected]
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Email: [email protected]