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LIC MF Short Term Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.30 Lakh

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund -- 0.19 1.40 -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 0.89 -- -- -- --
Debt: Short Duration -- 0.15 2.06 -- -- -- --
Rank within category -- 16 23 -- -- -- --
Number of funds in category 28 29 29 28 26 26 19

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
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) 1.69 (02-Apr-2019 - 02-Jul-2019)
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.11 0.25 -6.57 -10.84 -- --
Debt: Short Duration* 5.33 3.03 0.21 0.58 3.66 5.67
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 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 22 13 57
Modified Duration (yrs) -- -- -- 2.04
Average Maturity (yrs) 2.16 3.10 1.62 2.54
Yield to Maturity (%) 6.43 7.80 6.42 7.37

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 - 8.46 8.46
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 6.46 6.46
equal 8.70% HDFC 15/12/2020 Debenture AAA 5.75 - 9.90 6.33
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 4.90 - 8.33 6.27
new Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 6.04 6.04
equal 6.72% NTPC 24/11/2021 Bonds AAA 2.96 - 5.94 4.60
equal 8.94% Export-Import Bank 31/12/2022 Bonds AAA 4.00 - 6.84 4.44
equal 9.37% State Bank of India 21/12/2023 Debenture AA+ 3.86 - 6.56 4.29
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 5.70 4.28
equal 7.95% SIDBI 26/04/2022 Debenture AAA 0.00 - 5.77 4.27
equal 8.15% REC 18/01/2021 Bonds/Debentures AAA 0.00 - 6.57 4.22
equal 7.35% BPCL 2022 Bonds AAA 3.83 - 6.57 4.22
equal 7.27% Power Finance Corp. 22/12/2021 Debenture AAA 0.00 - 4.19 4.19
equal 8.24% India Infradebt 30/08/2021 Debenture AAA 3.75 - 6.48 4.16
equal 8.70% L&T Infra Debt Fund 24/02/2021 Bonds AAA 3.76 - 6.53 4.16
equal Axis Bank 17/03/2020 Certificate of Deposit A1+ 0.00 - 6.12 4.08
down 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 15.74 2.15
equal 7.24% IRFC 2021 Bonds AAA 1.91 - 3.26 2.11
equal 8.14% National Housing Bank 27/12/2021 Bonds/NCDs AAA 1.89 - 3.29 2.08
equal 7.15% HDFC 16/09/2021 Debenture AAA 0.00 - 2.08 2.08

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-Nov-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 13-Dec-2019

Growth: ₹ 10.7998

Dividend: ₹ 10.7998


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
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 242 Cr (As on 30-Nov-2019)
Expense: 1.45% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM