The LIC Mutual Fund is a subordinate of the Life Insurance Corporation of India (LIC) which was established on 20 April 1989. The Life Insurance Corporation of India (LIC) is one of the most trusted insurance providers in India which is backed by the Government of India. LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Limited and LIC Mutual Fund Trustee Private Limited is the trustee to the fund house. It is sponsored by the Life Insurance Corporation of India (LIC).
The LIC MF Bond Fund - Growth is an open-ended medium-term debt scheme.
Investment Objective of the LIC MF Bond Fund - Growth
The main objective of investment of the LIC MF Bond Fund - Growth scheme is to promote the generation of an attractive return through investments made for a period of 4 to 7 years. However, there is no assurance on the realisation of the investment objectives.
Key Features of the LIC MF Bond Fund - Growth
The key features of the LIC MF Bond Fund - Growth are as follows:
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Type of fund |
An open-ended medium-term debt scheme that primarily invests in instruments for a Macaulay duration of 4 to 7 years. |
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Plans available |
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Options under each plan |
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Risk |
Moderate |
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Systematic Investment Plan (SIP) |
Available |
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Systematic Transfer Plan (STP) |
Available |
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Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the LIC MF Bond Fund - Growth
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Minimum application amount |
Rs.5,000 and in multiples of Re.1 subsequently |
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Minimum additional investment |
Rs.500 and in multiples of Re.1 subsequently |
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Minimum instalment for Systematic Investment Plan (SIP) |
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Minimum instalment for Systematic Withdrawal Plan (SWP) |
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Minimum instalment for Systematic Transfer Plan (STP) |
Rs.100 per instalment and in multiples of Re.1 subsequently |
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Entry Load |
N/A |
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Exit Load |
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Asset Allocation for the LIC MF Bond Fund - Growth
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Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
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Minimum |
Maximum |
High/Medium/Low |
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Debt |
60% |
100% |
Low to Medium |
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Money market |
0% |
40% |
Low |
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Units issued by REITs and InvITs |
0% |
10% |
Medium to High |
NAV Disclosure and Benchmark for the LIC MF Bond Fund - Growth
The value of net assets of the scheme is divided by the total number of outstanding units under the scheme on the date of valuation to determine the Net Asset Value or NAV of each unit under the scheme. The following formula is used to determine the Net Asset Value:
Net Asset Value or NAV = (Market or Fair Value of the investment of the scheme + Current Assets - Current Liabilities and Provisions) / Number of units under the scheme that is outstanding on the date of valuation. The NAV is calculated up to 4 decimal places.
The benchmark of the LIC MF Bond Fund is CRISIL Composite Bond Fund Index.
LIC MF Bond Fund - Growth Fund Manager
The LIC MF Bond Fund - Growth scheme is managed by Mr. Marzban Irani. He has a PGDBM degree from Chetana’s Institute of Management & Research, Mumbai and a Bachelor’s degree in Commerce from Mumbai University. He has been managing the fund since 10 August 2016.
Why should you invest in LIC MF Bond Fund - Growth?
LIC Mutual Fund is an associate company of the Life Insurance Corporation (LIC) of India, which is one of the most reliable and most trusted brands in India. Moreover, it is backed by the Government of India. With sufficient support from the AMC, the LIC Mutual Fund is a great option to invest in. If the basic objective of an investor is to generate attractive returns through investments made for a short term (4 to 7 years), the LIC MF Bond Fund - Growth is a great option.
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