October 7, 2023
mayank
LIC MF Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,073.4762
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate income through investment in a portfolio comprising of money market instruments.
Fund Manager:
1) Rahul Singh
Education: Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.
Experience: Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 – April 2006).
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 Money Market Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Aug-22 |
| Return Since Launch | 6.19% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Low |
| Type | Open-ended |
| Assets | Rs 31 Cr |
| (As on 30-Sep-2023) | |
| Expense | 0.18% |
| (As on 31-Aug-2023) | |
| Risk Grade | — |
| Return Grade | — |
LIC MF Money Market Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Money Mkt Dir | 5.08 | 0.02 | 0.54 | 1.66 | 3.35 | 6.55 | — | — | — | — |
| CCIL T Bill Liquidity Weight | 3.27 | 0.03 | 0.35 | 1.02 | 2.20 | 4.26 | — | — | — | — |
| Debt: Money Market | 5.64 | 0.01 | 0.56 | 1.71 | 3.59 | 7.22 | — | — | — | — |
| Rank within category | 22 | 2 | 23 | 18 | 22 | 22 | — | — | — | — |
| Number of funds in category | 22 | 23 | 23 | 22 | 22 | 22 | 17 | 14 | 12 | 12 |
LIC MF Money Market 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 Money Mkt Dir | Unrated | 6.55 | — | — | 0.18 | 31 | 6.19 | — | 1Y 2M |
| HDFC Money Mkt Dir | 4 star | 7.39 | 5.20 | 6.32 | 0.23 | 17,088 | 7.27 | — | 10Y 9M |
| ABSL Money Manager Dir | 4 star | 7.47 | 5.27 | 6.36 | 0.21 | 15,103 | 7.38 | — | 10Y 9M |
| Tata Money Mkt Dir | 5 star | 7.53 | 5.38 | 5.11 | 0.17 | 13,608 | 6.57 | — | 10Y 9M |
| Nippon Ind Money Mkt Dir | 5 star | 7.39 | 5.26 | 6.23 | 0.24 | 11,609 | 7.27 | — | 10Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 2 | 53 |
| Macaulay Duration (yrs) | 0.08 | 0.43 |
| Average Maturity (yrs) | 0.08 | 0.43 |
| Yield to Maturity (%) | 6.68 | 7.24 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Money Market Fund
Apply Online: https://www.licmf.com/fund-overview/All
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