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LIC MF G-Sec-Reg(D)

LIC MF G-Sec-Reg(D)
Dividend Yearly
20.00  (As on 26-03-2009)
Category
Debt - Gilt Medium and Long Term
52-week NAV high
38.05  (As on 02-04-2019)
52-week NAV low
34.56  (As on 16-05-2018)
Expense
1.35%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns -0.41 1.76 5.51 8.21 4.35 5.67 5.10 6.79 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Nov 29, 1999
Last Dividend
20.00
Minimum Investment
10000

LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option is ideal for investors who seek to generate capital growth in the long term along with current income by investing in sovereign securities that are issued by the Central or State Government of India. While this scheme carries a moderate risk factor, it offers tax benefits to the investors based on the income generated. This scheme has 2 plans - Regular Plan and Direct Plan. Under both the plans, this fund offers 3 investment options - Growth, Dividend, and PF. The Dividend Option can further be subdivided into 2 categories - Dividend Payout and Dividend Reinvestment.

Investment Objective of LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

The main objective of this mutual fund is to generate risk-free capital appreciation in addition to reasonable returns for the unitholders by investing in sovereign securities that are issued by the Central and/or State Government of India. This scheme also invests in any security that is unconditionally guaranteed by the Central or State Government for the repayment of the principal and interest amounts along with reverse repos in such securities as and when permitted by the Reserve Bank of India (RBI). Please note that this scheme does not offer any assurance that this investment objective of the plan will be realised and the investor will earn assured returns.

Key Features of LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

Some of the significant features of LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option are as indicated in the table below:

Type of fund An open-ended debt scheme that invests in government securities across maturity
Plans available
  • Regular Plan
  • Direct Plan
Options under each plan
  • Growth
  • Dividend
    • Dividend Payout
    • Dividend Reinvestment
  • PF
Risk Moderate
Systematic Investment Plan Available
Systematic Transfer Plan Available
Systematic Withdrawal Plan Available

Investment Amount for LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

Check out the table mentioned below in order to learn about the applicable charges of this scheme:

Minimum application amount Rs.10,000 and subsequently in multiples of Re.1
Minimum additional investment Rs.500 and subsequently in multiples of Re.1
Minimum installment for Systematic Investment Plan (SIP)
  • For monthly investments - Rs.1,000 and in multiples of Re.1 thereafter
  • For quarterly investments - Rs.3,000 and in multiples of Re.1 thereafter
Minimum installment for Systematic Withdrawal Plan (SWP) Rs.500 on a monthly and quarterly basis
Entry Load Not applicable
Exit Load
  • For redemptions and switch-outs within 30 days starting from the date of allotment of units - 0.25%
  • For redemptions and switch-outs after 30 days starting from the date of allotment of units - Nil

Asset Allocation for LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

Instruments Allocations (Percentage of total assets) Risk Profile
Government securities instruments 80% to 100% Moderate
Debt and money market instruments including government securities and securitised debt for all schemes 0% to 20% Low to medium

NAV Disclosure and Benchmark for LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

NAV - The redemption and switch-out of units under this scheme should be done based on the Net Asset Value (NAV) of the units on that particular business day. The asset management company (AMC) should calculate the NAVs by the end of all working days and publish them in a minimum of 2 daily newspapers with circulation across India. The AMC should also update the NAVs on its official website at www.licmf.com and on the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com by 9:00 p.m. of each business day. The AMC should also disclose the portfolio of the fund within 1 month starting from the end of each half-year. This can be done either by sending a complete statement to the unitholders of the scheme, by displaying on the official website of the AMC, or by publishing in 1 national English daily newspaper in addition to 1 newspaper in the regional language of the area where the head office of the AMC is located.

Benchmark Index - The benchmark followed by LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option is I-Sec Composite Index.

LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option Fund Manager

The fund manager of LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option is Mr. Marzban Irani who has been providing his expert guidance to the investors since 10 August 2016. With approximately 18 years of experience under his belt, he employs his extensive knowledge and expertise about the mutual fund space to help unitholders of this scheme to make the right choices in order to achieve their investment goals as per their risk-taking capacities.

Why You Should Invest in LIC Mutual Fund Govt Securities Fund - Regular Plan - Dividend Option

  • This scheme not only generates risk-free credit but also offers regular returns to the investors by predominantly investing in State or Central Government securities.
  • The unitholders of this mutual fund will be able to benefit from the flexibility to switch to any other scheme or option offered by the LIC Mutual Fund.
  • The income generated from this investment plan is exempt from tax under Section 10b(33) of the Income Tax Act, 1961. Furthermore, this scheme also offers capital gains tax benefits under Sections 48 and 112 of the Income Tax Act, 1961.
  • Investors planning to redeem or switch out their units after the completion of 30 days starting from the date of allotment of units will not be charged any exit load.
  • SIP, STP, and SWP facilities are available for the convenience of the unitholders.

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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.

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