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3 star

LIC MF Short Term Debt Fund - Regular Plan


Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Suitability:

Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 6.21 -0.01 0.08 0.35 1.01 6.76 8.31 -- -- -- --
CCIL T Bill Liquidity Weight 2.49 0.02 0.04 0.19 0.54 1.61 3.46 -- -- -- --
Debt: Short Duration 6.70 -0.01 0.09 0.50 2.16 6.99 10.64 -- -- -- --
Rank within category 22 11 16 22 26 21 21 -- -- -- --
Number of funds in category 27 27 27 27 27 27 27 24 24 24 21

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Short Term Debt Fund - Regular Plan  | Invest Online
3 star
Feb-19 8.31 -- -- 1.44 352
ICICI Prudential Short Term Fund  | Invest Now
4 star
Oct-01 10.51 7.91 8.50 1.16 17,228
SBI Short Term Debt Fund
4 star
Jul-07 9.63 7.77 8.09 0.84 17,109
HDFC Short Term Debt Fund  | Invest Online
5 star
Jun-10 10.90 8.63 8.59 0.74 13,154
IDFC Bond Fund Short Term Plan - Regular Plan
4 star
Dec-00 10.01 8.17 8.14 0.80 13,052

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.22 (24-Mar-2020 - 31-Mar-2020) -1.64 (12-Mar-2020 - 19-Mar-2020)
Month 3.35 (24-Mar-2020 - 23-Apr-2020) -1.98 (20-Feb-2020 - 23-Mar-2020)
Quarter 5.58 (24-Mar-2020 - 24-Jun-2020) -0.45 (24-Dec-2019 - 24-Mar-2020)
Year 9.94 (02-Jul-2019 - 01-Jul-2020) 6.08 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.97 0.31 -3.79 -6.90 -- --
Debt: Short Duration* 5.89 3.50 0.68 1.46 0.75 1.63
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Aug-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 26 26 15 58
Modified Duration (yrs) 2.16 2.18 2.16 2.30
Average Maturity (yrs) 2.53 3.09 1.79 2.90
Yield to Maturity (%) 4.64 7.03 4.64 5.59
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 Reserve Bank of India 182-D 19/11/2020 Treasury Bills SOV 0.00 - 12.70 12.70
down 6.18% GOI 2024 GOI Securities SOV 0.00 - 14.30 9.38
equal 7.28% HDFC 26/09/2022 Debenture AAA 0.00 - 7.13 6.21
new 4.90% SIDBI 18/08/2023 Bonds/NCDs AAA 0.00 - 5.70 5.70
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 15.74 5.18
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 0.00 - 5.74 5.00
equal 7.05% Reliance Industries 13/09/2023 Debenture AAA 0.00 - 6.19 4.47
equal 6.72% NTPC 24/11/2021 Bonds AAA 3.22 - 5.94 3.22
new 6.45% GOI 2029 GOI Securities SOV 0.00 - 12.81 3.17
equal 8.94% Export-Import Bank 31/12/2022 Bonds AAA 3.11 - 5.72 3.11
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 5.27 3.09
new 6.55% NTPC 17/04/2023 Debenture AAA 0.00 - 2.95 2.95
equal 6.44% Indian Oil Corp. 14/04/2023 Debenture AAA 0.00 - 3.60 2.94
equal 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 4.96 2.94
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 2.93 - 5.46 2.93
equal 6.83% Power Finance Corp. 24/04/2023 Debenture AAA 0.00 - 3.57 2.93
equal 6.19% IRFC 28/04/2023 Debenture AAA 0.00 - 4.82 2.92
equal 8.24% India Infradebt 30/08/2021 Debenture AAA 2.91 - 5.37 2.91
equal 8.70% L&T Infra Debt Fund 24/02/2021 Bonds AAA 2.88 - 5.39 2.88
equal SIDBI 16/03/2021 Commercial Paper A1+ 0.00 - 2.37 1.95
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 1.94 1.94
equal 7.24% IRFC 2021 Bonds AAA 1.47 - 2.72 1.47
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.14 1.46
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 1.75 1.44
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 1.41 1.41

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-Aug-2020

Fund Manager

— Marzban Irani since 11-Jan-2019

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:


-0.01%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 11.5120

Dividend: ₹ 11.5120


Investment Strategy

The scheme seeks to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments.

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 (₹) --
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 01-Feb-2019
Return Since Launch: 8.91%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 352 Cr (As on 31-Aug-2020)
Expense: 1.44% (As on 31-Aug-2020)
Risk Grade: Average
Return Grade: Average

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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