LIC MF Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV as on 05-03-2025
₹ 1173.19
Inception Returns
6.4%
/yr
About LIC MF Money Market Fund Direct Growth
LIC MF Money Market Fund Direct Growth is a debt fund. This fund was started on 1 August, 2022. The fund is managed by Rahul Singh. This fund is suitable to keep your money safe.
Key Parameters
- LIC MF Money Market Fund Direct Growth has ₹22 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
LIC MF Money Market Fund Direct Growth has given a CAGR return of 6.36% since inception. Over the last 1 year the fund has given a CAGR return of 6.29%.
Holdings
LIC MF Money Market Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government. Its top holdings are 364 DTB, SBI CDMDF--A2
Taxation
As it is a money market 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 Money Market Fund Direct Growth
The investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the Investment Objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Money Market Fund Direct Growth has no lock in period.
Historical NAV & Returns
LIC MF Money Market Fund Direct Growth Overview
| Expense ratio | 0.59% |
Benchmark | CRISIL Liquid Fund TR INR |
| AUM | ₹22 Cr |
| Inception Date | 1 August, 2022 |
| Min Lumpsum/SIP | ₹5000/₹200 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 131.66% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low Risk |
Trailing Returns
as on (05-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 22 Cr as of Jan'25
- AUM decreased by 2.4 Cr between Jan'25 and Dec'24
Top Sector in January was Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 364 DTB | 23.49% | 0% | |
SBI CDMDF--A2 | 1.02% | 0% |
LIC MF Money Market Fund Direct Growth Highlights
Low Risk
About the fund
AUM size ₹22 Cr
Expense Ratio 0.59%
Frequently Asked Questions for LIC MF Money Market Fund Direct Growth
LIC MF Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.44% | 0.44% |
6 Month Returns | 2.98% | 2.98% |
1 Year Returns | 6.29% | 6.29% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |