1M
6M
1Y
3Y
5Y
All
| NAV: 13 May 2024 | ₹13.31 |
| Min. SIP amount | ₹1,000 |
| Rating | 2 |
| Fund size | ₹212.79Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Hybrid Arbitrage
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 7.7% | 6.0% | 5.5% | 5.5% |
| Category average | 7.3% | 5.3% | 5.0% | NA |
| Rank with in category | 21 | 17 | 18 | NA |
Understand terms
Holdings (97)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
LIC MF Liquid Fund - Direct Plan | NA | Mutual Fund | 14.96% |
HDFC Bank Ltd. | Financial | Equity | 6.29% |
Indus Towers Ltd. | Communication | Equity | 4.15% |
Tata Consultancy Services Ltd. | Technology | Equity | 3.70% |
Larsen & Toubro Ltd. | Construction | Equity | 3.55% |
Bajaj Finance Ltd. | Financial | CP | 3.48% |
Kotak Mahindra Bank Ltd. | Financial | CD | 3.48% |
Container Corporation Of India Ltd. | Services | Equity | 2.96% |
Bank Of Baroda | Financial | Equity | 2.91% |
Bajaj Finance Ltd. | Financial | Equity | 2.91% |
See All
Pros and cons
Category: Hybrid Arbitrage
Pros
Cons
Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Low rating: 2
Lower expense ratio: 0.31%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Higher alpha: 2.11
The fund has generated returns higher than benchmark - NIFTY 50 Arbitrage Total Return Index - in the last 3Y
Expense ratio, exit load and tax
Expense ratio: 0.31%
Inclusive of GST
Exit load
Exit load of 0.25% if redeemed within 1 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹1,000 |
Fund management
Sumit BhatnagarOct 2023 - PresentView details
Sumit Bhatnagar
Oct 2023 - Present
View details
Education
Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience
Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Also manages these schemes
Pratik Harish ShroffSep 2023 - PresentView details
Pratik Harish Shroff
Sep 2023 - Present
View details
Education
Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta
Experience
Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
Also manages these schemes
Fund house & investment objective
Fund house contact details
Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
E-mail
[email protected]Website
www.licmf.com
LIC Mutual Fund
Asset Management Company
Custodian
NA
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
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