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3 star

LIC MF Savings Fund - Direct Plan


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund."

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 4.02 0.01 0.08 0.35 0.76 1.88 4.28 5.48 6.18 6.98 --
CCIL T Bill Liquidity Weight 1.86 0.01 0.06 0.21 0.45 1.08 2.02 3.22 3.54 3.99 --
Debt: Low Duration 4.27 0.01 0.06 0.33 1.32 2.54 4.68 5.02 5.77 6.61 --
Rank within category 5 8 4 5 15 15 9 17 16 13 --
Number of funds in category 24 24 24 24 24 24 24 24 23 21 0

As on 01-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Savings Fund - Direct Plan  | Invest Online
3 star
Jan-13 4.28 5.48 6.18 0.29% 1,757
ICICI Prudential Savings Fund - Direct Plan  | Invest Now
4 star
Jan-13 4.47 7.37 7.21 0.40% 31,730
HDFC Low Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.61 7.41 7.14 0.44% 21,669
Aditya Birla Sun Life Low Duration Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.34 7.53 7.45 0.40% 17,415
Kotak Low Duration Fund - Standard Plan - Direct Plan  | Invest Online
4 star
Jan-13 4.32 7.57 7.62 0.41% 11,005

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.13 14-Jun-2019 - 21-Jun-2019 -6.01 03-Jun-2019 - 10-Jun-2019
Month 3.93 14-Jun-2019 - 16-Jul-2019 -6.10 10-May-2019 - 10-Jun-2019
Quarter 5.36 04-Jun-2019 - 04-Sep-2019 -4.96 18-Mar-2019 - 17-Jun-2019
Year 11.15 20-Jun-2019 - 19-Jun-2020 1.05 20-Jun-2018 - 20-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.37 2.24 0.71 0.63 0.06 1.63
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Low Duration 5.11 4.37 1.60 3.37 -0.78 0.85
Rank within category 18 15 16 16 9 16
Number of funds in category 24 24 24 24 24 24

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 41 41 25 60
Modified Duration (yrs) 0.50 0.77 0.47 --
Average Maturity (yrs) 0.53 0.83 0.49 --
Yield to Maturity (%) 4.07 4.11 3.62 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 8.15% GOI 2022 Central Government Loan SOV 0.00 - 9.02 9.02
new Reserve Bank of India 91-D 02/12/2021 Treasury Bills SOV 0.00 - 5.68 5.68
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 5.42 4.55
equal Export-Import Bank 184-D 30/12/2021 Certificate of Deposit A1+ 0.00 - 5.92 4.25
down Reserve Bank of India 182-D 12/11/2021 Treasury Bills SOV 0.00 - 8.13 3.98
up 6.22% HDFC 2021 Debenture AAA 0.00 - 6.12 3.31
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 6.17 3.04
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 4.08 2.93
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 4.17 2.92
equal Chennai Petroleum Corporation 91-D 03/12/2021 Commercial Paper A1+ 0.00 - 3.25 2.84
equal Reliance Industries 91-D 17/12/2021 Commercial Paper A1+ 0.00 - 3.25 2.83
equal Export-Import Bank 169-D 29/12/2021 Certificate of Deposit A1+ 0.00 - 3.37 2.83
equal Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.03 2.82
new TVS Credit Services 91-D 20/01/2022 Commercial Paper A1+ 0.00 - 2.82 2.82
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 3.32 2.79
equal Kotak Mahindra Investments 213-D 08/04/2022 Commercial Paper A1+ 0.00 - 3.20 2.79
equal Kotak Mahindra Bank 2022 Certificate of Deposit A1+ 0.00 - 3.88 2.78
equal TV18 Broadcast 319-D 17/06/2022 Commercial Paper A1+ 0.00 - 3.18 2.77
equal Birla Group Holdings 91-D 12/11/2021 Commercial Paper A1+ 0.00 - 2.93 2.56
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.56 2.56
equal L&T Finance 238-D 28/01/2022 Commercial Paper A1+ 0.00 - 3.53 2.53
equal 8.50% REC 20/12/2021 Bonds/NCDs AAA 0.00 - 2.19 1.54
equal 7.70% National Bank Agr. Rur. Devp 20-D 13/06/2022 Non Convertible Debenture AAA 0.00 - 2.08 1.49
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.49 - 3.22 1.49
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.48 - 3.17 1.48

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Rahul Singh since 07-Sep-2015

Education: Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.

Experience: Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).

Funds Managed:


0.01%

Change from previous, NAV as on 01-Dec-2021

Growth: ₹ 33.9957

IDCW Weekly: ₹ 11.8477

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IDCW Monthly: ₹ 17.7624

IDCW Daily: ₹ 10.0500


Investment Strategy

The scheme aims to generate income by investing in a portfolio of quality short term debt securities.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 02-Jan-2013
Return Since Launch: 7.47%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,757 Cr (As on 31-Oct-2021)
Expense: 0.29% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily01-Dec-20210.0013

 30-Nov-20210.0012
 29-Nov-20210.0029
 26-Nov-20210.0016
 25-Nov-20210.0004
 23-Nov-20210.0007
 22-Nov-20210.0038
 18-Nov-20210.0009
 17-Nov-20210.0006
 16-Nov-20210.0014
 15-Nov-20210.0033
 12-Nov-20210.0010
 11-Nov-20210.0011
 10-Nov-20210.0015
 09-Nov-20210.0023
 08-Nov-20210.0076
 03-Nov-20210.0022
 02-Nov-20210.0018
 01-Nov-20210.0012
 25-Oct-20210.0015
 22-Oct-20210.0005
 21-Oct-20210.0010
 20-Oct-20210.0005
 18-Oct-20210.0028
 14-Oct-20210.0009
IDCW Weekly03-Mar-20200.0040

 25-Feb-20200.0078
 18-Feb-20200.0085
 11-Feb-20200.0044
 28-May-20190.0124
 21-May-20190.0111
 14-May-20190.0115
 07-May-20190.0112
 30-Apr-20190.0111
 23-Apr-20190.0112
 16-Apr-20190.0116
 09-Apr-20190.0098
 02-Apr-20190.0089
 25-Mar-20190.0095
 18-Mar-20190.0128
 11-Mar-20190.0104
 01-Mar-20190.0093
 25-Feb-20190.0125
 15-Feb-20190.0099
 11-Feb-20190.0121
 04-Feb-20190.0108
 28-Jan-20190.0124
 21-Jan-20190.0115
 14-Jan-20190.0115
 07-Jan-20190.0110
IDCW Monthly24-Sep-20130.1028

 27-Aug-20130.0711
 23-Jul-20130.0019
 25-Jun-20130.0570
 21-May-20130.0503
 23-Apr-20130.0540
 25-Mar-20130.0693
 18-Feb-20130.0527
 22-Jan-20130.0510

Contact Information

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

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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