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Unrated

LIC MF Overnight Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.30 Lakh

Analyst's Choice?

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 -- 0.39 1.20 -- -- -- --
CCIL T Bill Liquidity Weight -- 0.30 0.89 -- -- -- --
Debt: Overnight -- 0.39 1.20 -- -- -- --
Rank within category -- 18 18 -- -- -- --
Number of funds in category 7 27 25 6 3 3 3

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 0.43 (19-Jul-2019 - 18-Aug-2019) 0.38 (01-Oct-2019 - 31-Oct-2019)
Quarter 1.27 (19-Jul-2019 - 18-Oct-2019) 1.23 (10-Aug-2019 - 09-Nov-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: Overnight* 5.37 0.34 -1.86 -2.65 0.46 0.36
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 2 3 1 1
Modified Duration (yrs) -- -- -- 0.01
Average Maturity (yrs) 0.00 0.00 0.00 0.01
Yield to Maturity (%) 4.85 5.61 4.84 4.94

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reliance Retail Ltd. 59-D 02/12/2019 Commercial Paper A1+ 0.00 - 4.56 4.56
new Reliance Jio Infocomm 62-D 02/12/2019 Commercial Paper A1+ 0.00 - 4.56 4.56

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

— Rahul Singh since 15-Jul-2019

Education: Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.

Experience: Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).

Funds Managed:


--

Change from previous, NAV as on 15-Dec-2019

Growth: ₹ 1,020.9995

Dividend Periodic: ₹ 1,021.0973

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.

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: 18-Jul-2019
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 329 Cr (As on 30-Nov-2019)
Expense: 0.20% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily15-Dec-20190.0667

 14-Dec-20190.0667
 13-Dec-20190.0667
 12-Dec-20190.0674
 11-Dec-20190.0710
 10-Dec-20190.0724
 09-Dec-20190.0781
 08-Dec-20190.0752
 07-Dec-20190.0738
 06-Dec-20190.0717
 05-Dec-20190.0696
 04-Dec-20190.0703
 03-Dec-20190.0724
 02-Dec-20190.0753
 01-Dec-20190.0788
 30-Nov-20190.0796
 29-Nov-20190.0810
 28-Nov-20190.0853
 27-Nov-20190.0846
 26-Nov-20190.0860
 25-Nov-20190.0867
 24-Nov-20190.0874
 23-Nov-20190.0874
 22-Nov-20190.0882
 21-Nov-20190.0903

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