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LIC MF Ultra Short Term Fund - Direct 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 3.05 0.01 0.08 0.31 0.84 1.74 3.37 -- -- -- --
CCIL T Bill Liquidity Weight 1.84 0.03 0.05 0.20 0.47 1.08 2.01 -- -- -- --
Debt: Ultra Short Duration 3.65 0.01 0.07 0.32 0.98 2.11 3.97 -- -- -- --
Rank within category 23 26 12 19 12 23 23 -- -- -- --
Number of funds in category 27 28 28 28 28 28 27 20 14 14 0

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 Ultra Short Term Fund - Direct Plan  | Invest Online
1 star
Nov-19 3.37 -- -- 0.20% 102
Aditya Birla Sun Life Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 4.07 6.80 6.91 0.34% 17,500
HDFC Ultra Short Term Fund - Direct Plan  | Invest Online
4 star
Sep-18 3.85 6.42 -- 0.34% 16,432
Kotak Savings Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.63 6.26 6.61 0.33% 13,153
SBI Magnum Ultra Short Duration Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.52 6.09 6.55 0.31% 11,569

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.32 24-Mar-2020 - 31-Mar-2020 -1.03 17-Mar-2020 - 24-Mar-2020
Month 1.70 24-Mar-2020 - 23-Apr-2020 -0.89 25-Feb-2020 - 26-Mar-2020
Quarter 2.66 24-Mar-2020 - 24-Jun-2020 -0.07 24-Dec-2019 - 24-Mar-2020
Year 5.47 24-Mar-2020 - 25-Mar-2021 3.37 26-Nov-2020 - 26-Nov-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: Ultra Short Duration* 5.81 1.35 2.28 5.43 1.08 2.61
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 8 11 4 41
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:


0.01%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 1,083.4164

IDCW Weekly: ₹ 1,014.2598

IDCW Monthly: ₹ 1,083.4919


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: 4.09%
Benchmark: CRISIL Ultra Short Term Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 102 Cr (As on 31-Oct-2021)
Expense: 0.20% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily21-May-20210.8320

 17-May-20211.0000
 30-Apr-20210.9000
 29-Apr-20210.7000
 28-Apr-20211.0000
 05-Apr-20214.3087
 18-Feb-20213.8764
 31-Dec-20203.3572
 24-Nov-20203.2245
 26-Oct-20203.3853
 05-Oct-20202.7640
 04-Sep-20203.2364
 03-Aug-20203.5374
 02-Jul-20203.4843
 15-Jun-20203.7751
 19-May-20202.1679
 11-May-20203.4648
 17-Apr-20200.7142
 16-Apr-20200.3868
 07-Apr-20200.6568
 09-Mar-20200.0768
 06-Mar-20200.0685
 05-Mar-20200.1022
 04-Mar-20200.5682
 03-Mar-20200.1675
IDCW Weekly13-Oct-20205.7760

 18-Aug-20205.4748
 30-Jun-20205.8688
 18-Feb-20203.7589
 21-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: 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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