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2 star

LIC MF Ultra Short Term Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"Ultra Short Duration debt funds invest in bonds maturing in three to six months. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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 three months maturity, from the one that invests in bonds maturing in three to six 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 a year in a Liquid fund.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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 2.97 0.00 0.05 0.32 0.75 1.63 3.17 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.01 0.04 0.17 0.44 1.07 2.04 -- -- -- --
Debt: Ultra Short Duration 3.27 0.01 0.06 0.32 0.83 1.83 3.47 -- -- -- --
Rank within category 18 26 21 13 12 15 17 -- -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 12

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Ultra Short Term Fund - Regular Plan  | Invest Online
2 star
Nov-19 3.17 -- -- 0.40% 102
Aditya Birla Sun Life Savings Fund  | Invest Online
5 star
Nov-01 3.92 6.57 6.83 0.48% 16,758
HDFC Ultra Short Term Fund - Regular Plan  | Invest Online
4 star
Sep-18 3.55 6.01 -- 0.64% 14,452
ICICI Prudential Ultra Short Term Fund  | Invest Now
5 star
May-11 3.99 6.42 6.67 0.91% 11,896
Kotak Savings Fund Regular Plan  | Invest Online
4 star
Aug-04 3.18 5.72 6.21 0.77% 11,873

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.31 24-Mar-2020 - 31-Mar-2020 -1.03 17-Mar-2020 - 24-Mar-2020
Month 1.67 24-Mar-2020 - 23-Apr-2020 -0.91 25-Feb-2020 - 26-Mar-2020
Quarter 2.58 24-Mar-2020 - 24-Jun-2020 -0.15 24-Dec-2019 - 24-Mar-2020
Year 5.23 24-Mar-2020 - 25-Mar-2021 3.17 26-Nov-2020 - 26-Nov-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: Ultra Short Duration* 5.22 1.35 1.71 4.14 1.06 2.08
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 8 11 4 18
Modified Duration (yrs) 0.36 0.41 0.22 --
Average Maturity (yrs) 0.39 0.42 0.23 --
Yield to Maturity (%) 3.73 3.73 2.99 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 30.96 24.09
equal 8.79% GOI 2021 Central Government Loan SOV 0.00 - 43.20 15.30
equal Reserve Bank of India 364-D 11/03/2022 Treasury Bills SOV 0.00 - 12.40 9.65
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 4.88 4.88
equal Birla Group Holdings 91-D 12/11/2021 Commercial Paper A1+ 0.00 - 6.26 4.88
equal L&T Finance 238-D 28/01/2022 Commercial Paper A1+ 0.00 - 8.18 4.84
equal 7.93% REC 27/03/2022 Bonds AAA 3.86 - 8.38 4.59
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 2.44 - 5.30 3.13

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 31-Oct-2021

Fund Manager

— Rahul Singh since 21-Nov-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:


0.00%

Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 1,079.5077

IDCW Weekly: ₹ 1,015.1938

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IDCW Monthly: ₹ 1,079.5174

IDCW Daily: ₹ 1,013.2178


Investment Strategy

The scheme seeks to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

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: 27-Nov-2019
Return Since Launch: 3.84%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 102 Cr (As on 31-Oct-2021)
Expense: 0.40% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Aug-20211.0938

 18-Aug-20210.0916
 17-Aug-20210.3909
 13-Aug-20210.0974
 12-Aug-20210.8550
 05-Aug-20211.1752
 27-Jul-20211.1333
 19-Jul-20211.3684
 09-Jul-20211.2058
 30-Jun-20211.1502
 22-Jun-20210.9683
 15-Jun-20210.8350
 09-Jun-20210.9100
 02-Jun-20210.7600
 27-May-20210.9200
 21-May-20211.0349
 17-May-20211.0000
 12-May-20210.9000
 10-May-20211.0000
 30-Apr-20211.0000
 29-Apr-20211.2000
 28-Apr-20211.0000
 05-Apr-20215.3385
 08-Mar-20215.0338
 31-Dec-20205.0002
IDCW Weekly24-Aug-20210.6308

 17-Aug-20211.3262
 03-Aug-20212.7151
 06-Jul-20212.5124
 08-Jun-20211.1500
 25-May-20211.2100
 18-May-20212.0000
 11-May-20211.0000
 04-May-20213.0000
 06-Apr-20214.8491
 16-Mar-20216.6257
 22-Dec-20203.6641
 10-Nov-20203.9022
 06-Oct-20202.1866
 15-Sep-20202.1779
 18-Aug-20205.0878
 30-Jun-202010.2153
 21-Jan-20200.8192
 14-Jan-20200.5335
 07-Jan-20200.9033
 31-Dec-20190.6685
 24-Dec-20190.4833
 17-Dec-20190.7242
 10-Dec-20190.5389
 02-Dec-20191.1093

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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