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LIC MF Liquid(G)-Direct Plan

LIC MF Liquid(G)-Direct Plan
Dividend Yearly
NA
Category
Debt - Liquid
52-week NAV high
3,404.06  (As on 23-04-2019)
52-week NAV low
3,165.29  (As on 23-04-2018)
Expense
0.11%  (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 0.65 1.81 3.74 7.54 7.22 7.23 7.49 7.78 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Dec 31, 2012
Last Dividend
NA
Minimum Investment
5000

LIC MF Liquid Fund-Direct Plan-Growth Option is offered by LIC Mutual Fund which is an associate company of LIC of India. Established in 1989 by India’s most trusted life insurance firms, LIC Mutual Fund carries forward the culture of transparency, integrity, and corporate accountability in the asset management sphere as well.

The LIC MF Liquid Fund has a lower maturity period because it invests in a mix of money market instruments. The direct plan and growth option ensures greater returns as well.

Investment Objective of LIC MF Liquid Fund-Direct Plan-Growth Option

This is an open-ended scheme that aims to provide reasonable returns with high liquidity and low risk by investing in debt instruments and money market instruments.

Key Features of LIC MF Liquid Fund

Some of the significant features of the LIC MF Liquid Fund are as indicated in the table below:

Type of fund

Open-ended scheme

Plans available

Regular Plan and Direct Plan options are available.

Options under each plan

  • Dividend and Growth are available under each plan.
  • Dividend payout and dividend reinvestment are available under the dividend plan.
  • Growth is the default option under plans.
  • Dividend reinvestment is the default option under dividend.

Risk

Low

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for LIC MF Liquid Fund-Direct Plan-Growth Option

Minimum application amount

Rs.5,000 and Re.1 multiples afterwards

Minimum additional investment

Rs.500 and Re.1 multiples afterwards

Minimum installment for Systematic Investment Plan (SIP)

Monthly: Rs.1,000 and Re.1 multiples afterwards

Quarterly: Rs.3,000 and Re.1 multiples afterwards

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500 and Re.1 multiples afterwards

Entry Load

Nil

Exit Load

Nil

Asset Allocation for LIC MF Liquid Fund-Direct Plan-Growth Option

Instruments

Indicative Allocations

(Percentage of total assets)

Risk Profile

Minimum

Maximum

Money and debt market securities with 91-day maturity

0

100

Low

NAV Disclosure and Benchmark for LIC MF Liquid Fund-Direct Plan-Growth Option

NAV Calculation: The current assets are added to the market value of the scheme’s investments. From this, the current provisions and liabilities are subtracted. This figure is then divided by the per unit number of outstanding units.

NAV Disclosure: The first NAV will be disclosed within 5 business days of the first allotment date. Subsequently, it will be disclosed by the end of every business day.

Benchmark Index: CRISIL Liquid Fund Index

LIC MF Liquid Fund-Direct Plan-Growth Option Manager

Mr. Rahul Singh has managed the scheme since 2015. He is the fund manager, debt, for LIC Mutual Fund.

Why you should Invest in LIC MF Liquid Fund-Direct Plan-Growth Option

Being a liquid fund, you have no lock-in period, which means you if you redeem your units, the money gets credited to your account within one business day. It also earns good returns which are sometimes higher than that offered by bank fixed deposits. The interest rate risk is the lowest also because of the investment in short-maturity fixed income securities. The direct plan with growth option means you get a lower expense ratio, so you have more savings. The growth option ensures even greater appreciation of your capital because both the interest and the principal are reinvested.

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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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