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LIC MF Short Term Debt Fund - Regular Plan


Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame 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, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.27 0.04 0.08 0.53 1.47 3.32 -- -- -- -- --
Debt: Short Duration 0.18 0.02 -0.07 0.55 1.30 2.74 -- -- -- -- --
Rank within category 25 8 21 25 23 21 -- -- -- -- --
Number of funds in category 29 29 29 29 29 29 28 26 26 25 19

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 1.67 (07-May-2019 - 06-Jun-2019) -0.20 (02-Apr-2019 - 02-May-2019)
Quarter 3.71 (09-May-2019 - 08-Aug-2019) 1.39 (09-Sep-2019 - 09-Dec-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
Debt: Short Duration* 5.45 2.99 0.30 0.77 3.48 5.45
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 22 13 57
Modified Duration (yrs) -- -- -- 2.04
Average Maturity (yrs) 1.79 3.10 1.62 2.49
Yield to Maturity (%) 6.58 7.80 6.42 7.45

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.62% HUDCO 15/07/2022 Debenture AAA 0.00 - 8.69 8.69
equal 8.70% HDFC 15/12/2020 Debenture AAA 5.75 - 9.90 6.52
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 4.90 - 8.33 6.43
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.26 6.26
equal 6.72% NTPC 24/11/2021 Bonds AAA 2.96 - 5.94 4.73
equal 8.94% Export-Import Bank 31/12/2022 Bonds AAA 4.00 - 6.84 4.55
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 3.86 - 6.56 4.41
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 5.77 4.39
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 5.70 4.37
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 6.57 4.34
equal 7.35% BPCL 2022 Bonds AAA 3.83 - 6.57 4.33
equal 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 4.30 4.30
equal 8.24% India Infradebt 30/08/2021 Debenture AAA 3.75 - 6.48 4.30
equal 8.70% L&T Infra Debt Fund 24/02/2021 Bonds AAA 3.76 - 6.53 4.28
new 7.24% REC 31/12/2022 Non Convertible Debenture AAA 0.00 - 4.27 4.27
equal Axis Bank 17/03/2020 Certificate of Deposit A1+ 0.00 - 6.12 4.23
new Export-Import Bank 24/06/2020 Certificate of Deposit A1+ 0.00 - 4.16 4.16
equal 7.24% IRFC 2021 Bonds AAA 1.91 - 3.26 2.17
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.14 2.14
equal 8.14% National Housing Bank 27/12/2021 Bonds/NCDs AAA 1.89 - 3.29 2.14

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-2019

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:


0.04%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 10.8680

Dividend: ₹ 10.8680


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: 8.68%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 234 Cr (As on 31-Dec-2019)
Expense: 1.46% (As on 31-Dec-2019)
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: www.licmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM