The LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Limited. The trustee company is LIC Mutual Fund Trustee Private Limited. The mutual fund is backed by the Life Insurance Corporation (LIC) of India.
The LIC MF Government Securities Fund is an open-ended debt scheme which invests in government securities having varied maturity periods.
Investment Objective of the LIC MF Government Securities Fund - Regular Plan - Dividend Option
The main objective of the LIC MF Government Securities Fund - Regular Plan - Dividend Option is the generation of returns through investments made in sovereign securities which are issued by the state governments and/or central government. However, the realisation of the investment objective is not assured.
Key Features of the LIC MF Government Securities Fund - Regular Plan - Dividend Option
The main features of the LIC MF Government Securities Fund - Regular Plan - Dividend Option are as follows:
|
Type of fund |
An open-ended debt scheme which invests in government securities having varied maturity periods. |
|
Plans available |
|
|
Options under each plan |
|
|
Risk |
Moderate |
|
Systematic Investment Plan (SIP) |
Available |
|
Systematic Transfer Plan (STP) |
Available |
|
Systematic Withdrawal Plan (SWP) |
Available |
Investment Amount for the LIC MF Government Securities Fund - Regular Plan - Dividend Option
|
Minimum application amount |
Rs.10,000 and in multiples of Re.1 subsequently |
|
Minimum additional investment |
Rs.500 and in multiples of Re.1 subsequently |
|
Minimum instalment for Systematic Investment Plan (SIP) |
|
|
Minimum instalment for Systematic Withdrawal Plan (SWP) |
|
|
Minimum instalment for Systematic Transfer Plan (STP) |
|
|
Entry Load |
N/A |
|
Exit Load |
|
Asset Allocation for the LIC MF Government Securities Fund - Regular Plan - Dividend Option
|
Type of security |
Indicative Allocations (percentage of total assets) |
Risk Profile |
|
|
Minimum |
Maximum |
High/Medium/Low |
|
|
Instruments of the government sector |
80% |
100% |
Moderate |
|
Debt and money market instruments |
0% |
20% |
Low to Medium |
NAV Disclosure and Benchmark of the LIC MF Government Securities Fund - Regular Plan - Dividend Option
The NAV or Net Asset Value of each unit under the LIC MF Government Securities Fund - Regular Plan - Dividend Option is computed and published by the end of every working day. The NAV is rounded off to up to 4 decimal places. The following formula is used for the purpose of calculation of NAV:
Net Asset Value (NAV) = Market value or Fair value of the investments under the scheme + Current assets - Current liabilities and provisions / Number of outstanding units under the scheme on the date of calculation.
The computation is made depending on the recommendation of the SEBI (Mutual Funds) Regulations, 1996.
The benchmark of the LIC MF Government Securities Fund is I-Sec Composite Index.
LIC MF Government Securities Fund - Regular Plan - Dividend Option Fund Manager:
The LIC MF Government Securities Fund - Regular Plan - Dividend Option is managed by Mr. Marzban Irani. He has been managing the fund since 10 August 2016.
Why should you invest in LIC MF Government Securities Fund - Regular Plan - Dividend Option?
The LIC Mutual Fund is a fast-growing mutual fund and is one of the most widely known funds as well. Being backed by the Life Insurance Corporation (LIC) of India has helped it build up a huge customer base across the nation. If the investment objectives of an investor are fulfilled by the scheme, the LIC MF Government Securities Fund - Regular Plan - Dividend scheme is one of the best options to invest in.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
GST rate of 18% applicable for all financial services effective July 1, 2017.
