LIC MF Bond(D)

LIC MF Bond Fund(D)
Dividend Yearly
NA
Category
Debt - Income
52-week NAV high
46.73  (As on 04-12-2019)
52-week NAV low
42.10  (As on 10-12-2018)
Expense
1.07%  (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 0.35 1.00 4.69 9.84 6.12 3.85 5.64 5.18 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Oct 21, 1999
Last Dividend
NA
Minimum Investment
5000

LIC Mutual Fund was established on 20 April 1989 by the Life Insurance Corporation of India (LIC), an insurance firm sponsored by the Government of India. LIC Mutual Fund Asset Management Ltd. is the fund manager of LIC Mutual Fund and the fund house offers 28 schemes in the categories of equity, debt, Exchange-Traded Funds (ETFs), hybrid, etc.

The LIC MF Bond Fund - Dividend is an open-ended debt scheme and makes investments in money market and debt securities. The dividend option of the scheme offers regular income to the investor along with capital appreciation.

Investment Objective

To produce attractive returns for investors through investments in securities whose 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 wish to receive income over a medium to long term and who prefer investing in debt and money market securities. The scheme displays 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 thereafter.

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 obtained 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 every 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. 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 LIC MF Bond Fund

  • Professional management - The fund manager of the scheme, Mr. Marzban Irani has many years of experience in managing mutual fund investments. Therefore, investors can be sure that their investments will be handled efficiently to achieve optimal returns.
  • Can invest low - With an investment of just Rs.1,000 a month through an SIP, investors have an opportunity to create wealth over a long term. Therefore, investors need not worry about having a huge sum to invest in mutual funds.
  • Multiple investment options - The LIC MF Bond Fund comes in regular and direct plans wherein the direct plan will have a lower expense ratio than the regular plan. Also, investors can choose between growth and dividend options. The growth option will allow investors to enjoy capital gains at the end of the investment period while the dividend option will offer them a regular income.
  • Liquidity - Investors of the LIC MF Bond Fund can redeem and purchase units at applicable NAVs on any business day hence, enjoying liquidity.

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