June 20, 2025
mayank
LIC MF Gilt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 65.2087
NAV IDCW: Rs 18.7887
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.”
Fund’s Investment Strategy:
The scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.
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) | 10,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 200 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 30 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
Basic Details of LIC MF Gilt Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.60% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 92 Cr |
| (As on 31-May-2025) | |
| Expense | 0.75% |
| (As on 31-May-2025) | |
| Risk Grade | Average |
| Return Grade | Below Average |
Trailing Returns (%) of LIC MF Gilt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Gilt Dir | 3.10 | -0.34 | -2.30 | 1.06 | 3.33 | 7.35 | 7.33 | 5.62 | 7.89 | 7.63 |
| CCIL All Sovereign Bond – TRI | 4.14 | -0.20 | -1.69 | 2.06 | 4.33 | 8.91 | 9.85 | 6.38 | 8.67 | 8.22 |
| Debt: Gilt | 3.84 | -0.29 | -1.66 | 1.79 | 4.11 | 8.36 | 8.41 | 6.17 | 8.13 | 8.00 |
| Rank within category | 19 | 17 | 20 | 20 | 18 | 19 | 20 | 18 | 13 | 15 |
| Number of funds in category | 23 | 25 | 25 | 24 | 23 | 23 | 21 | 20 | 20 | 20 |
Peer Comparison of LIC MF Gilt Fund
| 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 Gilt Dir | 2 star | 7.35 | 7.33 | 5.62 | 0.75 | 92 | 7.60 | 0.25 (30) | 12Y 5M |
| SBI Magnum Gilt Dir | 4 star | 8.38 | 8.80 | 6.67 | 0.46 | 12,573 | 9.24 | — | 12Y 5M |
| ICICI Pru Gilt Dir | 5 star | 10.11 | 9.54 | 7.08 | 0.56 | 7,347 | 8.76 | — | 12Y 5M |
| Baroda BNP Paribas Gilt Dir | 5 star | 10.51 | 9.06 | 6.26 | 0.14 | 1,762 | 7.99 | — | 12Y 5M |
| Tata GSF Dir | 4 star | 9.81 | 9.02 | 6.22 | 0.27 | 1,159 | 8.20 | — | 12Y 5M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 8 | 15 |
| Macaulay Duration (yrs) | 11.05 | 10.35 |
| Average Maturity (yrs) | 26.74 | 23.13 |
| Yield to Maturity (%) | 6.75 | 6.72 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Gilt Fund
WILL Post Soon
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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