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3 star

LIC MF Overnight Fund - Direct 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 2.95 0.01 0.06 0.27 0.81 1.61 3.19 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 -- -- -- --
Debt: Overnight 2.92 0.01 0.06 0.27 0.80 1.59 3.16 -- -- -- --
Rank within category 8 16 5 5 7 6 9 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 0

As on 03-Dec-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 - Direct Plan  | Invest Online
3 star
Jul-19 3.19 -- -- 0.07% 410
DSP Overnight Fund - Direct Plan  | Invest Online
4 star
Jan-19 3.16 -- -- 0.06% 3,147
Edelweiss Overnight Fund - Direct Plan  | Invest Online
4 star
Jul-19 3.15 -- -- 0.11% 757
HSBC Overnight Fund - Direct Plan  | Invest Online
4 star
May-19 3.23 -- -- 0.11% 756
Mirae Asset Overnight Fund - Direct Plan  | Invest Online
5 star
Oct-19 3.23 -- -- 0.12% 508

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.11 19-Jul-2019 - 26-Jul-2019 0.02 26-Mar-2020 - 02-Apr-2020
Month 0.44 19-Jul-2019 - 18-Aug-2019 0.19 25-Mar-2020 - 24-Apr-2020
Quarter 1.30 19-Jul-2019 - 18-Oct-2019 0.69 25-Mar-2020 - 24-Jun-2020
Year 4.36 19-Jul-2019 - 18-Jul-2020 2.98 25-Mar-2020 - 25-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 4.09 0.37 0.83 4.28 0.63 0.69
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-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 05-Dec-2021

Growth: ₹ 1,089.9777

IDCW Weekly: ₹ 1,001.0387

More

IDCW Periodic: ₹ 1,089.7167

IDCW Daily: ₹ 1,009.2315


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: 3.68%
Benchmark: NIFTY 1D Rate Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 410 Cr (As on 31-Oct-2021)
Expense: 0.07% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Weekly30-Nov-20210.6202

 23-Nov-20210.6920
 16-Nov-20210.6093
 09-Nov-20210.6432
 02-Nov-20210.6213
 26-Oct-20210.6277
 19-Oct-20210.5957
 12-Oct-20210.5956
 05-Oct-20210.6214
 28-Sep-20210.6236
 21-Sep-20210.6227
 14-Sep-20210.5858
 31-Aug-20210.5867
 24-Aug-20210.5787
 17-Aug-20210.5798
 10-Aug-20210.5922
 03-Aug-20210.6017
 27-Jul-20210.6100
 20-Jul-20210.6066
 13-Jul-20210.6072
 06-Jul-20210.6104
 29-Jun-20210.6246
 22-Jun-20210.6181
 15-Jun-20210.6220
 08-Jun-20210.6200
IDCW Daily25-Aug-20212.0450

 01-Aug-20212.0177
 09-Jul-20211.0409
 27-Jun-20210.8838
 17-Jun-20210.7340
 09-Jun-20210.8100
 31-May-20210.8100
 22-May-20210.7959
 17-May-20211.0000
 02-May-20210.0430
 01-May-20210.1500
 30-Apr-20210.6000
 29-Apr-20210.2000
 28-Apr-20210.4000
 26-Apr-20210.5120
 10-Apr-20210.8210
 31-Mar-20210.0608
 30-Mar-20210.0587
 29-Mar-20210.0570
 28-Mar-20210.0577
 27-Mar-20210.0588
 26-Mar-20210.0602
 25-Mar-20210.0619
 24-Mar-20210.0640
 23-Mar-20210.0665

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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