LIC Mutual Fund is one of the oldest mutual funds in India. It was established in 1989 and is one of the fastest growing mutual funds at present. LIC Mutual Fund Asset Management Limited is the asset management company (AMC) responsible for managing the mutual fund. The trustee to the mutual fund is LIC Mutual Fund Trustee Private Limited. It is backed by the Life Insurance Corporation (LIC) of India.
The LIC MF Liquid Fund is an open-ended liquid scheme.
Investment Objectives of the LIC MF Liquid Fund - Direct Plan - Dividend Option
The investment objective of the LIC MF Liquid Fund - Direct Plan - Dividend Option is to generate returns while engaging a low risk and a high level of liquidity through investments made in money market instruments and debt instruments. However, the investment objectives are not assured in terms of realisation.
Key Features of the LIC MF Liquid Fund - Direct Plan - Dividend Option
The main features of the LIC MF Liquid Fund - Direct Plan - Dividend Option are as follows:
| Type of fund | An open-ended liquid scheme. |
| Plans available |
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| Options under each plan |
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| Risk | Low |
| Systematic Investment Plan (SIP) | Available |
| Systematic Transfer Plan (STP) | Available |
| Systematic Withdrawal Plan (SWP) | Available |
Investment Amount for the LIC MF Liquid Fund - Direct Plan - Dividend Option
| Minimum application amount | Rs.5,000 and in multiples of Re.1 thereafter |
| Minimum additional investment | Rs.500 and in multiples of Re.1 thereafter |
| 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) |
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| Entry Load | N/A |
| Exit Load | Nil |
Asset Allocation for the LIC MF Liquid Fund - Direct Plan - Dividend Option
| Type of security | Indicative Allocations (percentage of total assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Debt and money market instruments with maturity periods of up to 91 days only | 0% | 100% | Low |
NAV Disclosure and Benchmark of the LIC MF Liquid Fund - Direct Plan - Dividend Option
The Net Asset Value or NAV of the LIC MF Liquid Fund - Direct Plan - Dividend Option is calculated on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. This calculation is required to be done and published by the end of every business day. The total value of net assets under the scheme is divided by the total number of units outstanding under the scheme on the date of evaluation. The NAV is computed and rounded off up to 4 decimal places.
The benchmark of the LIC MF Liquid Fund - Direct Plan - Dividend Option is CRISIL Liquid Fund Index.
LIC MF Liquid Fund - Direct Plan - Dividend Option Fund Manager
The LIC MF Liquid Fund - Direct Plan - Dividend Option is managed by Mr. Rahul Singh. He has a Bachelor's degree in Science with Economics Honours along with a PGDM (MBA) degree from IIM Ahmedabad. He has been managing the fund since 5 October 2015.
Why should you invest in LIC MF Liquid Fund - Direct Plan - Dividend Option?
The LIC Mutual Fund is one of the oldest fund houses in India and it has got a huge base of customers across the nation because of its reliability. If the investment objective of the LIC MF Liquid Fund - Direct Plan - Dividend Option matches the investment requirement of an investor, then the LIC MF Liquid Fund - Direct Plan - Dividend scheme is one of the best options to invest in.
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