June 23, 2025
mayank
LIC MF Overnight Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 1,340.7485
NAV IDCW Periodic: Rs 1,340.7220
Suitable For Which Investors?
“Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don’t need for a few days up to a year.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day.
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) | 200 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 30 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of LIC MF Overnight Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 18-Jul-19 |
| Return Since Launch | 5.07% |
| Benchmark | NIFTY 1D Rate Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 834 Cr |
| (As on 31-May-2025) | |
| Expense | 0.07% |
| (As on 31-May-2025) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of LIC MF Overnight Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Overnight Dir | 2.88 | 0.01 | 0.46 | 1.47 | 3.09 | 6.45 | 6.43 | 5.16 | — | — |
| CCIL T Bill Liquidity Weight | 2.71 | 0.03 | 0.56 | 1.63 | 2.78 | 5.29 | 4.56 | 3.53 | — | — |
| Debt: Overnight | 2.85 | 0.01 | 0.46 | 1.46 | 3.06 | 6.41 | 6.41 | 5.14 | — | — |
| Rank within category | 5.00 | 7.00 | 21.00 | 9.00 | 5.00 | 7.00 | 11.00 | 12.00 | — | — |
| Number of funds in category | 34 | 35 | 35 | 34 | 34 | 34 | 28 | 27 | 3 | 2 |
Peer Comparison of LIC MF Overnight 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 Overnight Dir | 3 star | 6.45 | 6.43 | 5.16 | 0.07 | 834 | 5.07 | — | 5Y 11M |
| Axis Overnight Dir | 5 star | 6.49 | 6.47 | 5.19 | 0.06 | 8,726 | 5.13 | — | 6Y 3M |
| ABSL Overnight Dir | 4 star | 6.45 | 6.44 | 5.16 | 0.08 | 7,174 | 5.18 | — | 6Y 7M |
| Kotak Overnight Dir | 4 star | 6.45 | 6.44 | 5.16 | 0.08 | 6,261 | 5.13 | — | 6Y 5M |
| Nippon India Overnight Dir | 4 star | 6.47 | 6.45 | 5.17 | 0.08 | 5,781 | 5.18 | — | 6Y 6M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 4 | 3 |
| Macaulay Duration (yrs) | 0.01 | 0.01 |
| Average Maturity (yrs) | 0.01 | 0.01 |
| Yield to Maturity (%) | 5.83 | 6.01 |
| Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For LIC MF Overnight Fund
WILL Post Soon
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