VR Logo

2 star

LIC MF Savings Fund


Debt: Low Duration

1 Lakh

Investment Grown to
₹ 1.03 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.16 0.01 0.09 0.28 0.75 1.59 3.23 4.64 5.52 6.23 6.90
CCIL T Bill Liquidity Weight 0.09 0.02 0.03 0.21 0.49 1.07 2.12 3.13 3.51 3.93 4.43
Debt: Low Duration 0.16 0.01 0.10 0.27 0.74 1.90 3.82 4.23 5.23 6.05 7.05
Rank within category 13 15 16 12 13 18 22 17 15 14 15
Number of funds in category 23 23 23 23 23 23 23 23 22 20 18

As on 14-Jan-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Savings Fund  | Invest Online
2 star
Jun-03 3.23 4.64 5.52 0.83% 1,203
ICICI Prudential Savings Fund  | Invest Now
5 star
Sep-02 3.76 6.91 6.98 0.52% 26,625
HDFC Low Duration Fund  | Invest Online
4 star
Nov-99 3.69 6.48 6.44 1.04% 19,527
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
May-98 3.70 6.38 6.52 1.23% 15,125
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
Mar-08 3.58 6.44 6.74 1.18% 10,161

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 3.12 14-Jun-2019 - 21-Jun-2019 -6.02 03-Jun-2019 - 10-Jun-2019
Month 3.88 14-Jun-2019 - 16-Jul-2019 -6.14 10-May-2019 - 10-Jun-2019
Quarter 5.21 04-Jun-2019 - 04-Sep-2019 -5.08 18-Mar-2019 - 17-Jun-2019
Year 10.58 20-Jun-2019 - 19-Jun-2020 0.54 20-Jun-2018 - 20-Jun-2019

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.65 2.22 0.42 0.36 0.01 0.93
CCIL T Bill Liquidity Weight 3.13 0.39 -1.53 -4.65 -- --
Debt: Low Duration 4.46 4.36 1.22 2.76 -0.84 0.22
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 31-Dec-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 32 41 25 56
Modified Duration (yrs) 0.56 0.68 0.39 0.67
Average Maturity (yrs) 0.58 0.72 0.41 0.90
Yield to Maturity (%) 4.23 4.23 3.66 4.67
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.15% GOI 2022 Central Government Loan SOV 0.00 - 12.75 12.75
equal 8.18% Power Finance Corporation 19/03/2022 Debenture AAA 0.00 - 6.69 6.69
new Birla Group Holdings 109-D 14/03/2022 Commercial Paper A1+ 0.00 - 6.18 6.18
equal 8.30% Reliance Industries 2022 Debenture AAA 0.00 - 6.17 4.47
equal 4.23% HDFC 18/02/2022 Debenture AAA 0.00 - 4.31 4.31
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 4.30 4.30
equal TVS Credit Services 91-D 20/01/2022 Commercial Paper A1+ 0.00 - 4.15 4.15
equal Kotak Mahindra Investments 213-D 08/04/2022 Commercial Paper A1+ 0.00 - 4.11 4.11
equal Axis Bank 28/04/2022 Certificate of Deposit A1+ 0.00 - 4.10 4.10
equal Kotak Mahindra Bank 2022 Certificate of Deposit A1+ 0.00 - 4.09 4.09
equal TV18 Broadcast 319-D 17/06/2022 Commercial Paper A1+ 0.00 - 4.07 4.07
equal L&T Finance 238-D 28/01/2022 Commercial Paper A1+ 0.00 - 3.73 3.73
equal 7.70% National Bank Agr. Rur. Devp 20-D 13/06/2022 Non Convertible Debenture AAA 0.00 - 2.20 2.20
equal HDFC 19/05/2022 Non Convertible Debenture AAA 1.49 - 3.22 2.19
equal 5.80% National Housing Bank 15/05/2023 Debenture AAA 1.48 - 3.17 2.18
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 2.18 2.16
equal 5.70% Bajaj Finance 2023 Debenture AAA 1.45 - 4.67 2.12
equal 5.69% REC 30/09/2023 Non Convertible Debenture AAA 1.45 - 3.09 2.12
equal REC 31/10/2024 Non Convertible Debenture AAA 0.00 - 2.09 2.09
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.56 2.09
down Axis Bank 28/01/2022 Certificate of Deposit A1+ 0.00 - 4.03 2.07
equal National Bank Agr. Rur. Devp 18/02/2022 Commercial Paper A1+ 0.00 - 2.86 2.07
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 2.06 2.06
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 2.04 2.04
equal IDFC First Bank 2022 Certificate of Deposit A1+ 0.00 - 2.04 2.04

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-Dec-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 14-Jan-2022

Growth: ₹ 32.1923

IDCW Weekly: ₹ 11.0530

More

IDCW Monthly: ₹ 11.1598

IDCW Daily: ₹ 10.4542


Investment Strategy

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

Investment Details

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

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 09-Jun-2003
Return Since Launch: 6.48%
Benchmark: CRISIL Low Duration Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,203 Cr (As on 31-Dec-2021)
Expense: 0.83% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Jan-20220.0018

 11-Jan-20220.0015
 10-Jan-20220.0020
 07-Jan-20220.0012
 06-Jan-20220.0011
 05-Jan-20220.0012
 03-Jan-20220.0039
 31-Dec-20210.0021
 30-Dec-20210.0014
 29-Dec-20210.0010
 27-Dec-20210.0034
 24-Dec-20210.0015
 23-Dec-20210.0003
 20-Dec-20210.0016
 17-Dec-20210.0003
 15-Dec-20210.0006
 14-Dec-20210.0008
 13-Dec-20210.0021
 10-Dec-20210.0011
 09-Dec-20210.0001
 08-Dec-20210.0025
 07-Dec-20210.0008
 06-Dec-20210.0024
 03-Dec-20210.0010
 02-Dec-20210.0009
IDCW Weekly06-Apr-20210.0442

 30-Mar-20210.0127
 23-Mar-20210.0165
 16-Mar-20210.0002
 09-Mar-20210.0053
 02-Mar-20210.0047
 23-Feb-20210.0037
 16-Feb-20210.0088
 12-Jan-20210.0678
 05-Jan-20210.0126
 29-Dec-20200.0084
 22-Dec-20200.0045
 15-Dec-20200.0030
 08-Dec-20200.0020
 01-Dec-20200.0095
 24-Nov-20200.0155
 17-Nov-20200.0089
 10-Nov-20200.0146
 03-Nov-20200.0042
 27-Oct-20200.0047
 20-Oct-20200.0144
 13-Oct-20200.0255
 06-Oct-20200.0172
 29-Sep-20200.0044
 22-Sep-20200.0085
IDCW Monthly29-Sep-20200.0600

 27-Aug-20200.0600
 29-Jul-20200.0600
 25-Jun-20200.0600
 25-Feb-20200.0432
 27-May-20190.0432
 30-Apr-20190.0432
 25-Mar-20190.0360
 25-Feb-20190.0288
 31-Jan-20190.0360
 28-Dec-20180.0144
 29-Nov-20180.0474
 26-Oct-20180.0358
 28-Sep-20180.0344
 04-Sep-20180.0520
 30-Jul-20180.0636
 28-May-20180.0362
 27-Apr-20180.1322
 23-Mar-20180.0741
 30-Oct-20170.0447
 28-Sep-20170.0310
 31-Aug-20170.1020
 28-Jul-20170.0129
 30-Jun-20170.0616
 26-May-20170.0188

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

Upcoming Video

Investors' Hangout

Investment ideas for 2022

DateFriday, 21-Jan-2022
Time12:30 PM - 01:00 PM

attending You have reserved a spot