LIC MF Gilt Fund Direct Growth

LIC MF Gilt Fund Direct Growth

NAV as on 28-03-2025

₹ 65.11

0.3%

1D

Inception Returns

7.7%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
8 people have invested ₹ 7.5K in LIC MF Gilt Fund Direct Growth in the last three months

About LIC MF Gilt Fund Direct Growth

LIC MF Gilt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Marzban Irani. This fund is suitable to keep your money safe.

Key Parameters

  1. LIC MF Gilt Fund Direct Growth has ₹88 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

LIC MF Gilt Fund Direct Growth has given a CAGR return of 7.74% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.16%, 7.13% and 6.35% respectively.

Holdings

LIC MF Gilt Fund Direct Growth has allocated its funds majorly in Financial Services, Government, Cash Equivalent. Its top holdings are 7.34% Govt Stock 2064, 7.3% Govt Stock 2053, 7.23% Government Of India (15/04/2039), 7.1% Govt Stock 2034, 07.70 MH Sgs 2033

Taxation

As it is a government bond mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of LIC MF Gilt Fund Direct Growth

The primary objective of the scheme is to generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and /or state Government and /or any security unconditionally guaranteed by the central/ state government for repayment of Principal and interest and/or reverse repos in such securities as and when permitted by RBI. However, there is no assurance that the investment objective of the Schemes will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 200.00. LIC MF Gilt Fund Direct Growth has no lock in period.

LIC MF Gilt Fund Direct Growth Overview

Expense ratio0.75%
Benchmark
ICICI Securities Mibex TR INR
AUM₹88 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹200
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
360.54%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (28-Mar-25)

Period
LIC MF Gilt Fund Direct Growth
Government Bond Index
1M
2.8%
1.4%
3M
3.2%
2.2%
6M
3.7%
2.8%
1Y
9.2%
8%
3Y
7.1%
6.6%
5Y
6.4%
6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Government
96.5%
Cash Equivalent
3.5%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 102.8 Cr
₹ 103.2 Cr
₹ 101.4 Cr
  • AUM of the fund stands at 102.8 Cr as of Feb'25
  • AUM decreased by 0.5 Cr between Feb'25 and Jan'25
Cash allocation has gone down from 3.4% to 3.3%
Cash allocation has gone down from 3.4% to 3.3%
Debt allocation has gone up from 96.6% to 96.7%
Debt allocation has gone up from 96.6% to 96.7%

Top 2 Sectors in February were Financial Services, Government

Feb'25
Financial Services
100%
Government
97%
Jan'25
Financial Services
100%
Government
96%
  • Debt & Cash

Holdings
Weight%
1M Change
7.34% Govt Stock 2064
7.34% Govt Stock 2064
45.36%
-11.8%
7.3% Govt Stock 2053
7.3% Govt Stock 2053
14.89%
0%
7.23% Government Of India (15/04/2039)
7.23% Government Of India (15/04/2039)
12.06%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
5.98%
0%
07.70 MH Sgs 2033
07.70 MH Sgs 2033
5.86%
0%
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Marzban Irani
Marzban Irani
Fund Manager of LIC MF Gilt Fund Direct Growth, since 10 August 2016
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹30.83K Cr
as on 28-Feb-2025
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
Over the last 1 month, this fund has experienced a 14.4% drop in AUM moving from 103.06 Cr to 88.23 Cr.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.75% which is lower than the category average expense ratio of 0.8%.
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In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.64% return, outperforming this fund by 1.29% per annum.
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In the last 3 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 8.35% return, outperforming this fund by 1.21% per annum.
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In the last 1 year, Axis Gilt Fund Direct Plan Growth Option has given 10.17% return, outperforming this fund by 1.01%.

LIC MF Gilt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.74% since inception which is more than its category average return of 6.86%
AUM size ₹88 Cr

AUM size ₹88 Cr

This fund has AUM of ₹88 Cr which is less than its category average of ₹ 2210 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 0.85%

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5Y CAGR

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5Y CAGR

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5Y CAGR

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5Y CAGR

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Frequently Asked Questions for LIC MF Gilt Fund Direct Growth

The current NAV of LIC MF Gilt Fund Direct Growth is ₹65.11 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
LIC MF Gilt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.8%
2.8%
6 Month Returns
3.7%
3.7%
1 Year Returns
9.16%
9.16%
3 Years Returns
22.97%
7.13%
5 Years Returns
36.05%
6.35%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.75% as on March 2025
₹88 Cr as on March 2025
7.34% Govt Stock 2064(45.36%), 7.3% Govt Stock 2053(14.89%), 7.23% Government Of India (15/04/2039)(12.06%), 7.1% Govt Stock 2034(5.98%), 07.70 MH Sgs 2033(5.86%) as on March 2025
Yield to Maturity is 7.16 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 10.42 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Marzban Irani is the fund manager of LIC MF Gilt Fund Direct Growth
The Exit load of LIC MF Gilt Fund Direct Growth is 0.25%