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Unrated

LIC MF G-Sec Long Term Exchange Traded Fund


Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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 8.63 -0.24 -0.15 0.56 2.09 6.90 8.95 7.78 9.04 -- --
CCIL All Sovereign Bond - TRI 10.91 -0.06 0.20 1.33 3.94 8.92 11.51 9.53 10.37 -- --
Debt: Gilt 8.77 -0.25 -0.16 0.51 2.06 6.99 9.56 7.72 9.07 -- --
Rank within category 15 10 9 10 12 14 17 16 13 -- --
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 06-Aug-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF G-Sec Long Term Exchange Traded Fund  | Invest Online
Unrated
Dec-14 8.95 7.78 9.04 0.27 91
SBI Magnum Gilt Fund  | Invest Online
4 star
Dec-00 11.02 8.45 10.04 0.95 3,415
Nippon India Gilt Securities PF
5 star
Aug-08 10.78 8.98 10.46 1.71 1,452
Nippon India Gilt Securities Fund  | Invest Online
5 star
Jul-03 10.77 8.98 10.46 1.59 1,452
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
Dec-08 13.13 9.59 10.28 1.16 1,163

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.88 (16-Apr-2020 - 23-Apr-2020) -3.13 (02-Feb-2017 - 09-Feb-2017)
Month 4.95 (06-Mar-2018 - 05-Apr-2018) -3.09 (30-Jan-2017 - 01-Mar-2017)
Quarter 9.24 (16-Apr-2019 - 16-Jul-2019) -4.38 (24-Nov-2016 - 23-Feb-2017)
Year 18.39 (24-Nov-2015 - 24-Nov-2016) -3.17 (11-Sep-2017 - 11-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.81 4.42 0.59 1.30 0.89 -1.10
CCIL All Sovereign Bond - TRI 9.37 4.78 0.87 2.01 -- --
Debt: Gilt 7.73 3.92 0.65 1.49 0.76 -0.63
Rank within category 16 23 17 17 23 19
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 31-Jul-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 5 5 8
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 9.87 9.87 9.21 --
Yield to Maturity (%) 6.10 6.82 6.09 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 42.40 40.31
new 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 20.92 20.92
down 7.26% GOI 14/01/2029 GOI Securities SOV 17.47 - 47.67 19.60
up 6.68% GOI 17/09/2031 GOI Securities SOV 0.00 - 12.70 12.43
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 4.96 4.96

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 30-Jun-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:


-0.24%

Change from previous, NAV as on 06-Aug-2020

Growth: ₹ 21.6220


Investment Strategy

The scheme seeks to provide returns that closely correspond to the total returns of securities as represented by GSEC10 NSE Index, subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 24-Dec-2014
Return Since Launch: 8.86%
Benchmark: NIFTY 8-13 yr G-Sec Index
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 91 Cr (As on 30-Jun-2020)
Expense: 0.27% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

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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