Overview
LIC MF Overnight Fund Direct Growth
LIC Mutual Fund
The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
Investments in LIC MF Overnight Fund Direct Growth are subject to market risks. Please read the offer document carefully before investing to understand the potential market risks and rewards.
Latest NAV
₹ 1328.1218
Fund Size (AUM)
₹410.31 Cr
Risk
Low (Risk rating: 1/10)
Minimum Investment
Lumpsum: ₹ 5000
SIP: ₹200
Launch Date
18-Jul-2019
Expense Ratio
0.07%
Exit Load
Nil
Benchmark
NIFTY 1D Rate Index
Standard Deviation
0.23
History
Performance & Ratios
1-Year SIP Return
6.61%
3-Year SIP Return
6.62%
5-Year SIP Return
5.91%
Mean Return
-
Alpha
0.91
Beta
0.45
Sharpe Ratio
-0.11
Sortino Ratio
-0.11
Information Ratio
7.89
Returns
| 1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
| Fund Returns | 6.61% | 6.35% | 5.07% | 3.8% |
| Category Average | 6.48% | 6.24% | 4.97% | N/A |
| Rank Within Category | 11 | 11 | 12 | N/A |
Holdings (3)
| Company | Sector | Instrument | Assets |
|---|---|---|---|
| Punjab National Bank | Financial | CD | 24.37% |
| Reserve Bank of India | Financial | T-Bills | 7.3% |
| Reserve Bank of India | Financial | T-Bills | 6.09% |
Holdings Analysis
Peer Comparison
Peer Comparison
| Fund Name | AUM (₹ Cr) | 1Y Return (%) | 3Y Return (%) | Expense Ratio (%) | Rating |
|---|---|---|---|---|---|
| Axis Overnight Fund Direct Growth | 6348.03 | 6.65 | 6.38 | 0.05 | N/A |
| Nippon India Overnight Fund Direct Growth | 4738.29 | 6.64 | 6.36 | 0.08 | N/A |
| Aditya Birla Sun Life Overnight Fund Direct Growth | 5253.21 | 6.61 | 6.35 | 0.08 | N/A |
| DSP Overnight Fund Direct Growth | 1366.7 | 6.6 | 6.35 | 0.08 | N/A |
| Quant Overnight Fund Direct Growth | 139.18 | 6.68 | N/A | 0.16 | N/A |
SIP, STP & SWP Details
Systematic Investment Plan (SIP):
Frequency: Monthly
Min Amount: ₹ 200
Multiplier: 1
Systematic Transfer Plan (STP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 500
Min Installments: 12
Systematic Withdrawal Plan (SWP):
Frequency: MONTHLY
Dates: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28
Min Amount: ₹ 500
Min Installments: 6
AMC Details
Asset Management Company
LIC Mutual Fund
LIC Mutual Fund started their mutual fund on 20/04/1994 and its managing total assets of ₹22,871 Cr. Its ranked at 17 as per total assets at end of 30th Sep 2017. LIC Mutual Fund employs robust strategies to manage market risks, but investments remain subject to market risks. Please read the fund’s documentation for detailed risk management policies.
Established in 20th April 1989, it is an associate company of one of India's most reputed brands LIC. LIC Mutual funds aim to create financial discipline and corporate governance and is chosen by many investors, due to it being a pioneering brand.
The motto of LIC is to create value for its investors by adopting an investing strategy that is innovative, yet stable for a dynamic environment, such as ours. It targets to cater to all segments of the society and creating an investment experience which is unparalleled.
It offers a large variety of funds, starting from equity, debt, hybrid, solution oriented and index funds. Investors of different risk appetites and investment duration can build a strong portfolio through LIC mutual funds.
Launch Date
1994-04-20T00:00:00.238Z
Total AUM
₹ 33763.05 Cr
Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Website
Sub Type
Gilt
Sub Type Info
Invest predominantly in Government Securities(minimum 80% of total assets). They are relatively more risky than the other debt funds due to fluctuating interest rates.
Tax Impact
Returns are taxed as per your Income Tax slab.
Stamp Duty
0.005% (from July 1st, 2020)
Fund Manager Details
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LIC MF Overnight Fund Direct Growth
LIC Mutual Fund
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Frequently Asked Questions
How is the overall rating calculated?
The overall rating for LIC MF Overnight Fund Direct Growth is an aggregate score based on performance metrics (returns over 1, 3, and 5 years), risk-adjusted returns (Sharpe and Sortino ratios), and consistency relative to its category. Ratings are on a scale of 1 to 5, with 5 being the highest.
What are the top stocks of LIC MF Overnight Fund Direct Growth?
The top stocks held by LIC MF Overnight Fund Direct Growth include Punjab National Bank, Reserve Bank of India, Reserve Bank of India.
Which industries does LIC MF Overnight Fund Direct Growth invest in?
LIC MF Overnight Fund Direct Growth primarily invests in the following industries: Financial.
Who is the fund manager of LIC MF Overnight Fund Direct Growth?
The fund manager of LIC MF Overnight Fund Direct Growth is Rahul Singh.
How many years has the fund manager been managing LIC MF Overnight Fund Direct Growth?
Rahul Singh: Calculating...
What is the minimum investment for LIC MF Overnight Fund Direct Growth?
The minimum investment for LIC MF Overnight Fund Direct Growth is ₹5000 for lumpsum investments and ₹200 for SIPs.
What are the average 1-year returns for LIC MF Overnight Fund Direct Growth?
Calculating...
What are the average 3-year returns for LIC MF Overnight Fund Direct Growth?
Calculating...
What is the expense ratio of LIC MF Overnight Fund Direct Growth, and how does it compare to its category?
The expense ratio of LIC MF Overnight Fund Direct Growth is 0.07%. The average expense ratio for similar funds in the Debt is Calculating....