LIC MF Bond(G)-Direct Plan

LIC MF Bond Fund(G)-Direct Plan
Dividend Yearly
NA
Category
Debt - Income
52-week NAV high
54.54  (As on 04-12-2019)
52-week NAV low
48.86  (As on 10-12-2018)
Expense
0.17%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 0.18 0.69 4.50 10.27 7.11 5.79 7.57 7.35 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

The LIC MF Bond Fund - Direct Plan - Growth is an open-ended medium term debt scheme offered by LIC Mutual Fund which was established by the Life Insurance Corporation of India (LIC). LIC is a government of India backed life insurance firm. The LIC MF Bond Fund - Direct Plan - Growth invests in money market and debt securities.

The direct plan of the scheme lets investors invest directly with the fund house and hence, offers a lower expense ratio. The growth option offers capital appreciation to investors on completion of the scheme period.

Investment Objective

To produce capital appreciation for the investor through investments in debt and money market securities so that the Macaulay Duration of the portfolio is between 4 years and 7 years.

Key Features of the Scheme

The LIC MF Bond Fund is ideal for investors who seek income over a medium to long term and who prefer investing in debt and money market securities. The scheme exhibits the below given features:

Type of Fund

An open-ended debt scheme

Plans Available

Regular and Direct Plan

Options under each Plan

  1. Growth Option
  2. Dividend Option

The dividend option has reinvestment and payout facility

Risk

Moderate

Systematic Investment Plan

Available

Systematic Transfer Plan

Not Available

Systematic Withdrawal Plan

Not Available

Investment Amount for LIC MF Bond Fund

Minimum Application Amount

Rs.5,000 per application and in multiples of Re.1 thereafter

Minimum Additional Investment

Rs.500 and in multiples of Re.1 thereafter

Minimum installment for Systematic Investment Plan (SIP)

  • Monthly - Rs.1,000 and in multiples of Re.1 thereafter.
  • Quarterly - Rs.3,000 and in multiples of Re.1 thereafter

Minimum installment for Systematic Withdrawal Plan (SWP)

Not Available

Entry Load

Not Applicable

Exit Load

1% exit load will apply if an investor redeems/switches units before 12 months from unit allotment date. No exit load will be charged if units are switched/redeemed after one year of unit allotment date

Asset Allocation for LIC MF Bond Fund

Instruments

Indicative Allocation

Percentage of total assets

Risk Profile

Minimum

Maximum

Debt securities

60%

100%

Low to Medium

Money market securities

0%

40%

Low

Units issued by REITs and InvIT

0%

10%

Medium to High

NAV Disclosure and Benchmark for LIC MF Bond Fund

The NAV of LIC MF Bond Fund is computed by dividing the scheme’s net assets by the number of outstanding units on the date of valuation. The NAV will be calculated up to 4 decimal places and disclosed at the end of each business day. The NAV will be updated on the website of AMFI (www.amfiindia.com) and website of LIC Mutual Fund (www.licmf.com) by 9:00 p.m. of every business day.

The NAV will also be sent to at least 2 newspapers for publication on every business day. The newspapers publishing the NAV will have a nationwide circulation.

Benchmark: CRISIL Composite Bond Fund Index

Fund Manager - Mr. Marzban Irani

The LIC MF Bond Fund is managed by Mr. Marzban Irani and he has been managing the scheme since 10 September 2016. Mr. Irani joined LIC Mutual Fund in 2016 and prior to that, he worked with DSP BlackRock Investment Managers, Tata Asset Management, Metlife India Insurance, etc. The other schemes managed by him include LIC MF Equity Hybrid Fund, LIC MF Deb Hybrid Fund, LIC MF Children’s Gift Fund, LIC MF G-Sec Long Term ETF, etc.

Why you should invest in the LIC MF Bond Fund

  • Attractive returns - The LIC MF Bond Fund has a potential of generating attractive returns through investments in high quality debt and money market securities.
  • Moderate risk - Investors who have a moderate appetite for risk can invest in the units of the LIC MF Bond Fund to create wealth.
  • Low investment - The LIC MF Bond Fund gives an opportunity to investors to accumulate wealth over a long term for as low as Rs.1,000 a month through an SIP.

Professional management - The fund manager of the scheme, Mr. Marzban Irani with his many years of experience in asset management will ensure that the scheme achieves optimal returns.

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