January 16, 2025
mayank
LIC MF Multi Asset Allocation Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the LIC MF Multi Asset Allocation Fund Open Date, Close Date?
NFO opens on January 24, 2025
NFO will close on February 07, 2025
Investment Strategy for this NFO?
The scheme is to generate long term capital appreciation by investing in diversified portfolio of equity & equity related instruments, debt & money market instruments and units of Gold Exchange Traded Funds (ETFs).
Basic Details
| Fund House | LIC Mutual Fund |
| Issue Open | 24 January 2025 |
| Issue Close | 07 February 2025 |
| Type | Open-ended |
| Category | Hybrid: Multi Asset Allocation |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 3 months |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI (65), NIFTY Composite Debt Index (25), Domestic Price of Gold (10) |
About Benchmark Index for this NFO?
Fund Managers of LIC MF Multi Asset Allocation Fund
1) Nikhil Rungta
Education: Mr. Rungta has done CA, MBA (Finance), FRM
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Bajaj Allianz Life Insurance Company, Anand Rathi Shares & Stock Brokers Ltd., Standard Chartered Securities (India) Ltd., Religare Capital Markets Ltd. and Moody’s Investor Service -ICRA Ltd.
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
3) Sumit Bhatnagar
Education: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience: Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
AMC
LIC Mutual Fund Asset Management Company Ltd
Address: Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai – 400020
Website: http://www.licmf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for LIC MF Multi Asset Allocation Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY 500 TRI (65), NIFTY Composite Debt Index (25), Domestic Price of Gold (10)
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Note on Benchmark Performance:
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Nikhil Rungta
| Fund | LIC MF Children’s Fund | It’s Benchmark | LIC MF Flexi Cap Fund | It’s Benchmark |
| 1 Year | 14.96 | 8.94 | 12.48 | 8.94 |
| 3 Year | 10.74 | 12.08 | 10.44 | 12.08 |
| 5 Year | 12.53 | 17.63 | 14.92 | 17.63 |
| 7 Year | 9.56 | 13.38 | 11.02 | 13.38 |
| 10 Year | 8.78 | 13.34 | 10.06 | 13.34 |
As on 16-1-2025
Past Performance of Pratik Harish Shroff
| Fund | LIC MF Banking & PSU Fund | It’s Benchmark | LIC MF Gilt Fund – Provident Fund | It’s Benchmark |
| 1 Year | 7.54 | 4.74 | 7.59 | 10.04 |
| 3 Year | 5.75 | 3.93 | 5.32 | 7.26 |
| 5 Year | 5.62 | 3.38 | 5.71 | 7.17 |
| 7 Year | 6.46 | 3.62 | 6.78 | 7.96 |
| 10 Year | 6.52 | 3.92 | 6.54 | 7.92 |
As on 16-1-2025
Past Performance of Sumit Bhatnagar
| Fund | LIC MF Arbitrage Fund | It’s Benchmark | LIC MF BSE Sensex Index Plan | It’s Benchmark |
| 1 Year | 6.97 | 4.74 | 4.70 | 8.20 |
| 3 Year | 6.02 | 3.93 | 7.98 | 11.03 |
| 5 Year | 4.93 | 3.38 | 13.00 | 15.92 |
| 7 Year | — | — | 12.02 | 13.15 |
| 10 Year | — | — | 10.51 | 12.49 |
As on 16-1-2025
Note on Fund Managers’ performance
[ C ] Conclusion
X
Is it good to invest in LIC MF Multi Asset Allocation Fund NFO?
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