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Unrated

LIC MF Ultra Short Term Fund - Direct Plan


Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. 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 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 0.47 0.01 0.14 0.52 -- -- -- -- -- -- --
CCIL T Bill Liquidity Weight 0.28 0.03 0.11 0.28 -- -- -- -- -- -- --
Debt: Ultra Short Duration 0.34 0.02 0.13 0.40 -- -- -- -- -- -- --
Rank within category 16 24 7 17 -- -- -- -- -- -- --
Number of funds in category 28 28 28 28 27 26 24 17 17 15 0

As on 28-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.14 (17-Jan-2020 - 24-Jan-2020) 0.06 (02-Dec-2019 - 09-Dec-2019)
Month 0.51 (24-Dec-2019 - 24-Jan-2020) 0.40 (02-Dec-2019 - 01-Jan-2020)
Quarter -- ( - ) -- ( - )
Year -- ( - ) -- ( - )

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.08 0.26 -6.21 -10.52 -- --
Debt: Ultra Short Duration* 6.73 1.54 2.18 4.45 1.44 3.37
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-Dec-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 15 12 40
Modified Duration (yrs) -- -- -- 0.36
Average Maturity (yrs) 0.43 0.43 0.34 0.44
Yield to Maturity (%) 5.53 5.53 5.38 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.37% REC 14/08/2020 Bonds AAA 6.01 - 8.73 8.73
equal 7.50% Power Finance Corp. 17/09/2020 Bonds AAA 5.98 - 8.69 8.69
equal National Housing Bank 22/02/2022 Non Convertible Debenture AAA 5.98 - 8.69 8.69
equal 7.60% HDFC 26/06/2020 Debenture AAA 5.96 - 8.67 8.67
new 8.82% Tata Capital Financial Services 20/03/2020 Bonds/Debentures AAA 0.00 - 8.67 8.67
equal Reliance Jio Infocomm 91-D 28/02/2020 Commercial Paper A1+ 5.85 - 8.55 8.55
equal ICICI Bank 2020 Certificate of Deposit A1+ 5.84 - 8.54 8.54
new Reserve Bank of India 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 8.53 8.53
new Reliance Retail Ltd. 101-D 12/03/2020 Commercial Paper A1+ 0.00 - 8.53 8.53
equal Bank of Baroda 2020 Certificate of Deposit A1+ 5.77 - 8.42 8.42
equal Axis Bank 26/06/2020 Certificate of Deposit A1+ 5.74 - 8.39 8.39
new Export-Import Bank 2020 Certificate of Deposit A1+ 0.00 - 8.17 8.17

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-Dec-2019

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:


0.01%

Change from previous, NAV as on 28-Jan-2020

Growth: ₹ 1,010.0599

Dividend Weekly: ₹ 1,001.5477

More

Dividend Monthly: ₹ 1,010.0505

Dividend Daily: ₹ 1,000.1945


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 (₹) --
Exit Load 0

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 27-Nov-2019
Return Since Launch: 1.01%
Benchmark: CRISIL Ultra ST Debt
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 290 Cr (As on 31-Dec-2019)
Expense: 0.22% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily28-Jan-20200.0882

 27-Jan-20200.3363
 24-Jan-20200.2337
 23-Jan-20200.1961
 22-Jan-20200.1366
 21-Jan-20200.1124
 20-Jan-20200.3539
 17-Jan-20200.1031
 16-Jan-20200.1766
 13-Jan-20200.3389
 10-Jan-20200.0382
 09-Jan-20200.1424
 08-Jan-20200.1587
 07-Jan-20200.1518
 06-Jan-20200.2861
 03-Jan-20200.0844
 02-Jan-20200.2205
 01-Jan-20200.2010
 31-Dec-20190.1308
 30-Dec-20190.2551
 27-Dec-20190.1607
 26-Dec-20190.1748
 24-Dec-20190.0252
 23-Dec-20190.2657
 20-Dec-20190.0603
Dividend Weekly21-Jan-20200.8337

 14-Jan-20200.5714
 07-Jan-20200.9451
 31-Dec-20190.7030
 24-Dec-20190.5194
 17-Dec-20190.7661
 10-Dec-20190.5820
 02-Dec-20191.1740

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

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dateFriday, 31-Jan-2020
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