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3 star

LIC MF Government Securities Fund - Provident Fund


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 8.43 0.34 0.55 1.44 5.64 8.31 11.91 8.50 8.88 8.20 7.95
CCIL All Sovereign Bond - TRI 9.62 0.15 0.46 1.21 5.65 9.53 12.02 9.65 10.24 9.50 9.18
Debt: Gilt 8.54 0.30 0.59 1.19 6.03 8.48 11.49 8.08 9.14 8.64 8.81
Rank within category 13 4 20 4 17 14 12 10 15 16 17
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 07-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Government Securities Fund - Provident Fund  | Invest Online
3 star
Dec-03 11.91 8.50 8.88 -- 55
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 13.36 8.79 10.14 0.95 2,752
Nippon India Gilt Securities PF
5 star
Aug-08 12.81 9.45 10.55 1.71 1,381
Nippon India Gilt Securities Fund  | Invest Online
5 star
Jul-03 12.80 9.45 10.55 1.58 1,381
DSP Government Securities Fund  | Invest Online
4 star
Sep-99 14.34 9.41 9.96 1.09 1,173

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.43 (11-Dec-2008 - 18-Dec-2008) -11.21 (02-Jan-2009 - 09-Jan-2009)
Month 13.16 (18-Nov-2008 - 18-Dec-2008) -10.88 (02-Jan-2009 - 03-Feb-2009)
Quarter 22.25 (03-Oct-2008 - 02-Jan-2009) -12.27 (30-Dec-2008 - 31-Mar-2009)
Year 26.19 (03-Jan-2008 - 02-Jan-2009) -13.42 (02-Jan-2009 - 04-Jan-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.99 3.60 0.75 1.72 0.69 0.07
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 7.61 3.92 0.60 1.38 0.76 -0.59
Rank within category 10 5 7 8 5 8
Number of funds in category 25 25 25 25 25 25

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 6 3 8
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 8.25 9.35 5.35 --
Yield to Maturity (%) 5.81 6.91 5.81 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 35.57 30.34
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 45.11 23.56
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 38.89 19.57
equal 6.45% GOI 2029 GOI Securities SOV 0.00 - 17.44 9.38
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 34.82 5.88
equal 7.17% GOI 2028 GOI Securities SOV 0.96 - 20.09 3.23

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-May-2020

Fund Manager

— Marzban Irani since 10-Aug-2016

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.

Funds Managed:


0.34%

Change from previous, NAV as on 07-Jul-2020

Growth: ₹ 27.2194

Dividend: ₹ 17.6137


Investment Strategy

The scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0.25% for redemption within 30 days

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 29-Dec-2003
Return Since Launch: 6.24%
Benchmark: I-Sec Composite
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 55 Cr (As on 31-May-2020)
Expense: -- (As on )
Risk Grade: Below Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Jun-20130.2338

 26-Mar-20130.8809
 27-Dec-20120.2202
 01-Oct-20120.2202
 01-Aug-20120.2202
 27-Mar-20120.8809
 29-Dec-20110.4405
 11-Aug-20110.4405
 25-Mar-20100.0438
 11-Jan-20100.4380

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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