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 |
|
|
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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