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LIC MF Bond Fund

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Debt: Medium to Long Duration

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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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 -1.49 -0.11 -0.19 -1.30 -1.12 0.91 4.82 7.60 7.27 7.58 7.56
VR Bond -0.92 -0.09 -0.30 -1.10 -0.44 1.41 4.49 7.03 6.91 7.48 7.37
Debt: Medium to Long Duration -1.72 -0.18 -0.42 -1.62 -1.28 1.54 6.18 7.20 7.23 7.91 7.78
Rank within category 6 4 3 4 6 12 12 10 9 11 10
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 26-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
LIC MF Bond Fund  | Invest Online
2 star
 Jun-99 4.82 7.60 7.27 1.21 231
ICICI Prudential Bond Fund  | Invest Now
4 star
 Aug-08 7.22 8.53 8.34 1.20 3,792
SBI Magnum Income Fund  | Invest Online
5 star
 Nov-98 7.69 9.08 9.03 1.47 1,773
IDFC Bond Fund Income Plan - Regular Plan
4 star
 Jul-00 5.82 8.90 8.16 1.97 705
Nippon India Income Fund  | Invest Online
4 star
 Jan-98 4.79 8.97 8.20 1.77 417

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 4.18 15-Apr-2009 - 22-Apr-2009 -3.19 26-Jul-2010 - 02-Aug-2010
Month 9.62 18-Nov-2008 - 18-Dec-2008 -3.61 17-Jun-2013 - 17-Jul-2013
Quarter 11.40 06-Oct-2008 - 05-Jan-2009 -6.25 20-May-2013 - 19-Aug-2013
Year 17.69 05-Dec-2000 - 05-Dec-2001 -1.00 11-Sep-2017 - 11-Sep-2018

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.61 3.10 0.95 1.58 1.42 -0.56
VR Bond 7.12 2.02 1.21 2.04 -- --
Debt: Medium to Long Duration 7.36 3.54 0.98 1.86 1.24 -0.36
Rank within category 11 7 11 10 9 10
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 21 13 27
Modified Duration (yrs) 5.49 6.52 4.59 --
Average Maturity (yrs) 7.34 9.10 5.95 --
Yield to Maturity (%) 5.35 6.90 5.24 --
Avg Credit Rating -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 5.85% GOI 2030 GOI Securities SOV 0.00 - 38.60 38.60
up 7.17% GOI 2028 GOI Securities SOV 0.00 - 36.91 12.39
new 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 21.53 7.60
up 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 12.65 6.98
new Reserve Bank of India 182-D 25/03/2021 Treasury Bills SOV 0.00 - 6.47 6.47
equal 6.39% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 4.39 4.39
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.34 - 9.18 3.79
equal 8.60% GOI 2028 Central Government Loan SOV 2.17 - 2.79 2.17
new 5.60% Indian Oil Corp. 23/01/2026 Debenture AAA 0.00 - 2.17 2.17
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 9.43 1.91
down 5.15% GOI 2025 GOI Securities SOV 0.00 - 11.24 1.65
equal 7.57% GOI 17/06/2033 GOI Securities SOV 0.68 - 16.89 0.68
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 52.34 0.53
equal 6.79% GOI 26/12/2029 GOI Securities SOV 0.41 - 0.65 0.41
equal 5.79% GOI 2030 GOI Securities SOV 0.00 - 5.60 0.40
equal 7.98% Gujarat State 2026 State Development Loan SOV 0.26 - 0.33 0.26

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-Jan-2021

Fund Manager

— Marzban Irani since 10-Aug-2016

Education: Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai.

Experience: Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Funds Managed:

Invest Online
-0.11%

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

Growth: ₹ 56.3499

Dividend Quarterly: ₹ 12.3516

Investment Strategy

The scheme endevours to generate attractive return by investing predominantly in quality debt and money market securities. The scheme may also take a 20 per cent exposure to equity.

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 0.25% for redemption within 15 days

Basic Details

Fund House: LIC Mutual Fund
Launch Date: 23-Jun-1999
Return Since Launch: 8.30%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 231 Cr (As on 31-Jan-2021)
Expense: 1.21% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly26-Mar-20180.1228

 27-Dec-20170.1445
 28-Sep-20170.1445
 28-Jun-20170.1445
 20-Mar-20170.1445
 02-Jan-20170.1445
 27-Sep-20160.1445
 28-Jun-20160.1445
 29-Mar-20160.1445
 14-Jan-20160.1806
 28-Sep-20150.1806
 28-Jun-20150.1806
 23-Mar-20150.2903
 29-Dec-20140.1815
 16-Oct-20140.1815
 25-Jun-20130.2338
 26-Mar-20130.4405
 27-Dec-20120.1762
 01-Oct-20120.1762
 01-Aug-20120.1762
 27-Mar-20120.7928
 29-Dec-20110.2202
 11-Aug-20110.2202
 11-Oct-20100.0439
 12-Jul-20100.0439

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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