LIC MF Money Market Fund Direct Growth

Debt
Money Market
Low Risk
1M
6M
1Y
All
NAV: 22 Oct 2024₹1,148.02
Min. SIP amount₹200
Rating1
Fund size₹25.14Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Money Market
Absolute returns
3M6M1YAll
Fund returns1.5%3.1%6.6%14.7%
Category averageNANA7.3%NA
Rank with in category232323NA
Understand terms

Holdings (1)

NameSectorInstrumentAssets
Reserve Bank of India
FinancialT-Bills19.02%

Pros and cons

Category: Debt Money Market

Pros

Exit load is zero

Cons

Higher expense ratio: 0.59%
1Y annualised returns lower than category average by 0.72%
Low rating: 1

Expense ratio, exit load and tax

Expense ratio: 0.59%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹200

Fund management

Rahul Singh
Jul 2022 - Present
View details

Education
Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience
Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
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
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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