October 9, 2023
mayank
LIC MF Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 13.4212
Weekly NAV IDCW: Rs 13.4210
NAV IDCW Monthly: Rs 13.4210
NAV IDCW: Rs 13.4212
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments.
Fund Manager:
1) Marzban Irani
Education : Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna’s Institute of Management & Research, Mumbai.
Experience : Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.
2) Pratik Harish Shroff
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of LIC MF Short Duration Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Feb-19 |
| Return Since Launch | 6.41% |
| Benchmark | CRISIL Short Duration Debt B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 97 Cr |
| (As on 30-Sep-2023) | |
| Expense | 0.38% |
| (As on 31-Aug-2023) | |
| Risk Grade | Average |
| Return Grade | Low |
LIC MF Short Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF SD Dir | 5.11 | -0.20 | 0.23 | 1.24 | 2.98 | 6.75 | 4.67 | — | — | — |
| CCIL T Bill Liquidity Weight | 3.27 | 0.03 | 0.35 | 1.02 | 2.20 | 4.26 | 2.83 | — | — | — |
| Debt: Short Duration | 5.22 | -0.24 | 0.22 | 1.29 | 3.03 | 7.22 | 5.61 | — | — | — |
| Rank within category | 16 | 6 | 9 | 18 | 17 | 18 | 18 | — | — | — |
| Number of funds in category | 24 | 25 | 25 | 25 | 25 | 24 | 21 | 20 | 18 | 18 |
LIC MF Short Duration Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| LIC MF SD Dir | 2 star | 6.75 | 4.67 | — | 0.38 | 97 | 6.41 | — | 4Y 8M |
| ICICI Pru ST Dir | 4 star | 7.81 | 6.25 | 8.07 | 0.40 | 18,689 | 8.52 | — | 10Y 9M |
| HDFC ST Debt Dir | 4 star | 7.33 | 5.50 | 7.51 | 0.34 | 12,406 | 8.00 | — | 10Y 9M |
| Axis Short Term Dir | 4 star | 7.03 | 5.39 | 7.54 | 0.35 | 7,367 | 8.11 | — | 10Y 9M |
| Nippon Ind ST Dir | 4 star | 7.22 | 5.71 | 7.57 | 0.36 | 6,141 | 8.05 | — | 10Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 46 |
| Macaulay Duration (yrs) | 2.09 | 2.23 |
| Average Maturity (yrs) | 2.29 | 2.82 |
| Yield to Maturity (%) | 7.27 | 7.36 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For LIC MF Short Duration Fund
Apply Online: https://www.licmf.com/fund-overview/All
>> Post your MF questions @ sahifund.com/ask-me/
>> Stock Research Reports:
https://www.analysislibrary.com/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
>> For Higher studies, Interview skills, Competitive Exam books
http://www.gyanpothi.com/search-institutes/
>> Get Good Staff or Job, Click: Staffavailable.com
>> To apply for Government & PSU jobs, click
https://www.staffavailable.com/government-psu-jobs/
>> Go to IPOs Analysis Section, Click
>> Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>> Interested in Crossword Puzzles? Click: magajmari.com