October 6, 2023
mayank
LIC MF Medium to Long Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 66.4088
Yearly NAV IDCW: Rs 16.0452
Quarterly NAV IDCW: Rs 16.0453
NAV IDCW: Rs. 16.0452
Suitable For Which Investors?
“Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.
Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.
We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.”
Fund’s Investment Strategy:
The scheme endevours to generate attractive return by investing predominantly in quality debt and money market securities. The scheme may also take a 20 per cent exposure to equity.
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 | 0.25% for redemption Within 15 days |
Basic Details of LIC MF Medium to Long Duration Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 02-Jan-13 |
| Return Since Launch | 6.94% |
| Benchmark | CRISIL Medium to Long Duration Debt B-III Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 196 Cr |
| (As on 30-Sep-2023) | |
| Expense | 0.21% |
| (As on 31-Aug-2023) | |
| Risk Grade | Average |
| Return Grade | Average |
LIC MF Medium to Long Duration Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Medium to Long Duration Dir | 5.78 | 0.07 | 0.14 | 0.92 | 3.94 | 7.95 | 4.23 | 6.95 | 5.77 | 7.22 |
| VR Bond | 5.07 | 0.07 | 0.19 | 1.26 | 3.12 | 6.92 | 4.27 | 6.06 | 5.51 | 6.71 |
| Debt: Medium to Long Duration | 5.50 | 0.14 | 0.27 | 1.09 | 3.40 | 7.33 | 5.06 | 7.00 | 6.13 | 7.67 |
| Rank within category | 4 | 11 | 12 | 8 | 3 | 2 | 10 | 9 | 9 | 10 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
LIC MF Medium to Long Duration Bond 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 Medium to Long Duration Dir | 3 star | 7.95 | 4.23 | 6.95 | 0.21 | 196 | 6.94 | 0.25 (15) | 10Y 9M |
| ICICI Pru Bond Dir | 4 star | 7.77 | 5.32 | 7.97 | 0.60 | 2,805 | 8.05 | — | 10Y 9M |
| SBI Magnum Income Dir | 4 star | 8.11 | 5.66 | 8.38 | 0.80 | 1,678 | 8.13 | 1.00 (365) | 10Y 9M |
| ABSL Income Dir | 3 star | 7.04 | 5.30 | 8.08 | 0.69 | 1,790 | 7.86 | — | 10Y 9M |
| Kotak Bond Dir | 3 star | 7.48 | 5.30 | 8.09 | 0.64 | 1,783 | 7.67 | — | 10Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 9 | 19 |
| Macaulay Duration (yrs) | 6.65 | 5.23 |
| Average Maturity (yrs) | 8.86 | 7.54 |
| Yield to Maturity (%) | 7.42 | 7.41 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For LIC MF Medium to Long Duration Fund
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