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2 star

LIC MF Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low 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 2.76 0.01 0.06 0.27 0.78 1.55 3.04 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Overnight 2.78 0.01 0.07 0.27 0.78 1.56 3.07 -- -- -- --
Rank within category 22 13 20 15 20 19 23 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 26-Nov-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Overnight Fund - Regular Plan  | Invest Online
2 star
Jul-19 3.04 -- -- 0.20% 410
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.12 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.13 4.51 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.09 -- -- 0.16% 757

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.10 19-Jul-2019 - 26-Jul-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.43 19-Jul-2019 - 18-Aug-2019 0.18 25-Mar-2020 - 24-Apr-2020
Quarter 1.27 19-Jul-2019 - 18-Oct-2019 0.66 25-Mar-2020 - 24-Jun-2020
Year 4.22 19-Jul-2019 - 18-Jul-2020 2.84 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.25 0.40 -1.53 -4.22 -- --
Debt: Overnight* 4.01 0.36 0.38 2.00 0.61 0.52
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-Oct-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 1 1 1
Modified Duration (yrs) 0.00 0.00 0.00 --
Average Maturity (yrs) 0.00 0.00 0.00 --
Yield to Maturity (%) 3.32 3.41 2.54 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Oct-2021

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 28-Nov-2021

Growth: ₹ 1,085.9366

IDCW Weekly: ₹ 1,005.5325

More

IDCW Periodic: ₹ 1,086.3740

IDCW Daily: ₹ 1,007.9537


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 18-Jul-2019
Return Since Launch: 3.55%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 410 Cr (As on 31-Oct-2021)
Expense: 0.20% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily27-Aug-20212.1850

 31-Jul-20212.1561
 05-Jul-20212.2407
 09-Jun-20211.5200
 22-May-20211.7041
 02-May-20210.0700
 01-May-20210.2500
 30-Apr-20210.5000
 29-Apr-20210.2000
 28-Apr-20210.4000
 26-Apr-20211.2000
 31-Mar-20210.0780
 30-Mar-20210.0858
 29-Mar-20210.0424
 28-Mar-20210.0494
 27-Mar-20210.0572
 26-Mar-20210.0658
 25-Mar-20210.0745
 24-Mar-20210.0841
 23-Mar-20210.0459
 22-Mar-20210.0520
 21-Mar-20210.0589
 20-Mar-20210.0685
 19-Mar-20210.0789
 18-Mar-20210.0902

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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