October 7, 2023
mayank
LIC MF Nifty 8-13 yr G-Sec ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.7955
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 provide returns that closely correspond to the total returns of securities as represented by GSEC10 NSE Index, subject to tracking errors.
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) | 1 |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of LIC MF Nifty 8-13 yr G-Sec ETF
| Fund House | LIC Mutual Fund |
| Launch Date | 24-Dec-14 |
| Return Since Launch | 6.74% |
| Benchmark | NIFTY 8-13 yr G-Sec Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 1,049 Cr |
| (As on 30-Sep-2023) | |
| Expense | 0.16% |
| (As on 31-Aug-2023) | |
| Risk Grade | — |
| Return Grade | — |
LIC MF Nifty 8-13 yr G-Sec ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Nifty 8-13 yr G-Sec ETF | 4.99 | -0.81 | -0.56 | 0.22 | 2.22 | 7.38 | 3.31 | 7.01 | 5.55 | — |
| CCIL All Sovereign Bond – TRI | 4.85 | -0.73 | -0.87 | 0.26 | 1.78 | 7.56 | 4.26 | 8.45 | 6.56 | — |
| Debt: Gilt | 4.40 | -0.62 | -0.38 | 0.44 | 2.08 | 6.15 | 3.78 | 7.04 | 5.89 | — |
| Rank within category | 4 | 27 | 26 | 24 | 11 | 3 | 20 | 13 | 18 | — |
| Number of funds in category | 30 | 31 | 31 | 31 | 31 | 29 | 24 | 24 | 24 | 21 |
LIC MF Nifty 8-13 yr G-Sec ETF 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 Nifty 8-13 yr G-Sec ETF | Unrated | 7.38 | 3.31 | 7.01 | 0.16 | 1,049 | 6.74 | — | 8Y 9M |
| SBI Magnum Gilt Reg | 5 star | 7.15 | 5.09 | 8.18 | 0.94 | 7,268 | 7.94 | — | 22Y 9M |
| ICICI Pru Gilt Reg | 5 star | 7.71 | 5.48 | 7.92 | 1.09 | 4,143 | 9.48 | — | 24Y 1M |
| Kotak Gilt Inv PF & Trust | 4 star | 6.16 | 4.29 | 7.36 | 1.40 | 2,709 | 7.17 | — | 19Y 10M |
| Kotak Gilt Inv Reg | 4 star | 6.16 | 4.29 | 7.36 | 1.47 | 2,709 | 8.96 | — | 24Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 11 |
| Macaulay Duration (yrs) | 6.79 | 4.64 |
| Average Maturity (yrs) | 8.91 | 6.64 |
| Yield to Maturity (%) | 7.30 | 7.25 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Nifty 8-13 yr G-Sec ETF
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