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Unrated

LIC MF Overnight Fund - Direct Plan


Debt: Overnight

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 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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(₹)
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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 1.98 0.01 0.06 0.24 0.73 1.79 -- -- -- -- --
CCIL T Bill Liquidity Weight 2.06 0.00 0.04 0.22 0.84 1.94 -- -- -- -- --
Debt: Overnight 1.98 0.01 0.06 0.24 0.76 1.80 -- -- -- -- --
Rank within category 12 15 23 24 27 15 -- -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 0

As on 14-Jul-2020

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
Unrated
Jul-19 -- -- -- 0.07 1,817
HDFC Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.33 5.51 5.89 0.10 13,989
SBI Overnight Fund - Direct Plan  | Invest Online
Unrated
Jan-13 4.36 5.54 6.02 0.11 13,825
ICICI Prudential Overnight Fund - Direct Plan  | Invest Now
Unrated
Nov-18 4.35 -- -- 0.10 10,011
Aditya Birla Sun Life Overnight Fund - Direct Plan  | Invest Online
Unrated
Nov-18 4.39 -- -- 0.10 7,621

Best & Worst Performance

Best (Period) Worst (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 -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.40 0.33 0.38 0.38 0.25 0.41
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- 3 1 --
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.07 5.61 0.73 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

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:


0.01%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 1,043.9734

Dividend Weekly: ₹ 1,000.0000

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Dividend Periodic: ₹ 1,043.7056

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
Return Since Launch: 4.40%
Benchmark: NIFTY 1D Rate TRI
Riskometer: Low
Type: Open-ended
Assets: ₹ 1,817 Cr (As on 30-Jun-2020)
Expense: 0.07% (As on 30-Jun-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Jul-20200.0688

 13-Jul-20200.0836
 12-Jul-20200.0698
 11-Jul-20200.0841
 10-Jul-20200.0698
 09-Jul-20200.0841
 08-Jul-20200.0701
 07-Jul-20200.0833
 06-Jul-20200.0699
 05-Jul-20200.0833
 04-Jul-20200.0704
 03-Jul-20200.0863
 02-Jul-20200.0743
 01-Jul-20200.0593
 30-Jun-20200.0831
 29-Jun-20200.0709
 28-Jun-20200.0603
 27-Jun-20200.0795
 26-Jun-20200.0721
 25-Jun-20200.0387
 24-Jun-20200.0498
 23-Jun-20200.0593
 22-Jun-20200.0815
 21-Jun-20200.0689
 20-Jun-20200.0864
Dividend Weekly14-Jul-20200.5778

 07-Jul-20200.5688
 30-Jun-20200.4963
 23-Jun-20200.5461
 16-Jun-20200.5717
 09-Jun-20200.5863
 02-Jun-20200.5958
 26-May-20200.5233
 19-May-20200.5388
 12-May-20200.5931
 05-May-20200.6465
 28-Apr-20200.4939
 21-Apr-20200.6237
 13-Apr-20200.4881
 07-Apr-20200.3652
 31-Mar-20200.2395
 24-Mar-20200.5926
 17-Mar-20200.7810
 09-Mar-20200.5662
 03-Mar-20200.6584
 25-Feb-20200.6823
 18-Feb-20200.6733
 11-Feb-20200.6809
 04-Feb-20200.6768
 28-Jan-20200.6743

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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