Suitability:
This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharper ups and downs because of changes in interest rates.
Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.
Taxability of earnings:
Capital gains
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.47 | 0.09 | 0.31 | 0.52 | 1.24 | 2.06 | 11.80 | 6.37 | 7.26 | 7.52 | 7.14 |
| CCIL All Sovereign Bond - TRI | 0.53 | 0.12 | 0.40 | 0.76 | 1.91 | 1.50 | 12.77 | 7.29 | 8.63 | 8.96 | 8.41 |
| Debt: Gilt | 0.39 | 0.12 | 0.36 | 0.56 | 1.25 | 1.76 | 11.42 | 6.08 | 7.57 | 8.25 | 8.20 |
| Rank within category | 8 | 23 | 18 | 18 | 15 | 10 | 10 | 10 | 18 | 19 | 18 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 24 | 22 | 19 |
As on 24-Jan-2020
| Best (Period) | Worst (Period) | |
|---|---|---|
| Week | 5.43 (11-Dec-2008 - 18-Dec-2008) | -11.21 (02-Jan-2009 - 09-Jan-2009) |
| Month | 13.16 (18-Nov-2008 - 18-Dec-2008) | -10.88 (02-Jan-2009 - 03-Feb-2009) |
| Quarter | 22.25 (03-Oct-2008 - 02-Jan-2009) | -12.27 (30-Dec-2008 - 31-Mar-2009) |
| Year | 26.19 (03-Jan-2008 - 02-Jan-2009) | -13.43 (02-Jan-2009 - 04-Jan-2010) |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | 6.29 | 3.81 | 0.15 | 0.27 | 0.68 | -0.52 |
| CCIL All Sovereign Bond - TRI | 7.31 | 5.14 | 0.31 | 0.57 | -- | -- |
| Debt: Gilt | 6.19 | 4.19 | 0.12 | 0.27 | 0.76 | -0.73 |
| Rank within category | 12 | 5 | 10 | 10 | 5 | 10 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2019
| Fund | 1Y High | 1Y Low | Category | |
|---|---|---|---|---|
| Number of Securities | 4 | 6 | 2 | 8 |
| Modified Duration (yrs) | -- | -- | -- | 5.35 |
| Average Maturity (yrs) | 5.35 | 8.60 | 3.83 | 7.86 |
| Yield to Maturity (%) | 6.46 | 7.24 | 6.36 | 6.57 |
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| Company | Instrument | Credit Rating | 1Y Range | % Assets | |
|---|---|---|---|---|---|
|
7.27% GOI 2026 | GOI Securities | SOV | 0.00 - 45.11 | 43.05 |
|
|
7.32% GOI 28/01/2024 | GOI Securities | SOV | 0.00 - 34.82 | 23.02 |
|
8.28% Gujarat State 13/02/2029 | State Development Loan | SOV | 0.00 - 25.91 | 15.99 |
|
|
7.17% GOI 2028 | GOI Securities | SOV | 0.00 - 37.50 | 4.07 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
— 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:
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The scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.
| Minimum Investment (₹) | 10,000 |
| Minimum Addl Investment (₹) | 500 |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum No of Cheques | 12 |
| Minimum Withdrawal (₹) | 500 |
| Minimum Balance (₹) | -- |
| Exit Load | 0.25% for redemption within 30 days |
| Fund House: | LIC Mutual Fund |
| Launch Date: | 10-Dec-1999 |
| Return Since Launch: | 7.59% |
| Benchmark: | I-Sec Composite |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Assets: | ₹ 67 Cr (As on 31-Dec-2019) |
| Expense: | 1.42% (As on 31-Dec-2019) |
| Risk Grade: | Below Average |
| Return Grade: | Average |
| Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Dividend | 27-Dec-2017 | 0.1083 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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
Friday, 31-Jan-2020
12:30 PM - 01:00 PM