LIC MF Gilt Fund Direct Growth

Debt
Gilt
Moderate Risk
5.07%
3Y annualised
+0.20% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 May 2024₹60.29
Min. SIP amount₹1,000
Rating2
Fund size₹46.82Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Gilt
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns7.1%5.1%7.2%7.6%
Category average6.8%4.9%6.7%NA
Rank with in category191912NA
Understand terms

Holdings (7)

NameSectorInstrumentAssets
GOI
SovereignGOI Sec22.22%
Maharashtra State
OthersSDL21.89%
SovereignGOI Sec10.97%
SovereignGOI Sec10.89%
SovereignGOI Sec10.83%
Maharashtra State
OthersSDL5.62%
Maharashtra State
OthersSDL4.48%

Pros and cons

Category: Debt Gilt

Pros

Cons

Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Higher expense ratio: 0.75%
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Low rating: 2

Expense ratio, exit load and tax

Expense ratio: 0.75%

Inclusive of GST

Exit load

Exit load of 0.25% if redeemed within 30 days

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹10,000
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

Marzban Irani
Aug 2016 - Present
View details

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.
Also manages these schemes

Pratik Harish Shroff
Sep 2023 - Present
View details

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
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
LIC Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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