LIC MF Overnight Fund-Regular Plan-Growth
Fund House: LIC Mutual Fund| Category: Debt: Overnight |
| Launch Date: 18-07-2019 |
| Asset Class: Fixed Income |
| Benchmark: NIFTY 1D Rate TRI |
| Expense Ratio: 0.2% As on (31-07-2022) |
| Status: Open Ended Schemes |
| Minimum Investment: 5000.0 |
| Minimum Topup: 500.0 |
| Total Assets: 364.26 Cr As on (31-08-2022) |
| Turn over: - | Exit Load: Nil |
1122.2626
0.17 (0.0152%)
3.65%
S&P BSE Liquid Rate Index 5.07%
PERFORMANCE
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
Investment Objective
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.
Current Asset Allocation (%)
Indicators
| Volatility | |
| Sharp Ratio | -0.05 |
| Alpha | 0.19 |
| Beta | 0.21 |
| Yield to Maturity | 4.92 |
| Average Maturity | - |
PEER COMPARISON
| Scheme Name | Inception Date |
1 Year Return(%) |
2 Year Return(%) |
3 Year Return(%) |
5 Year Return(%) |
10 Year Return(%) |
|---|---|---|---|---|---|---|
| LIC MF Overnight Fund-Regular Plan-Growth | 18-07-2019 | 3.89 | 3.43 | 3.55 | - | - |
| BANK OF INDIA Overnight Fund Regular Plan Growth | 28-01-2020 | 4.05 | 3.57 | - | - | - |
| Canara Robeco Overnight Fund - Regular Plan - Growth Option | 05-07-2019 | 3.96 | 3.51 | 3.66 | - | - |
| Axis Overnight Fund - Regular Plan - Growth Option | 01-03-2019 | 3.96 | 3.51 | 3.63 | - | - |
| PGIM India Overnight Fund - Regular Plan- Growth Option | 27-08-2019 | 3.95 | 3.52 | 3.67 | - | - |
| Mirae Asset Overnight Fund Regular Plan Growth | 20-10-2019 | 3.94 | 3.51 | - | - | - |
| UTI - Overnight Fund - Regular Plan - Growth Option | 09-12-2003 | 3.93 | 3.49 | 3.61 | 4.36 | 6.23 |
| Mahindra Manulife Overnight Fund - Regular Plan - Growth | 05-07-2019 | 3.92 | 3.48 | 3.58 | - | - |
| Invesco India Overnight Fund - Regular Plan - Growth | 01-01-2020 | 3.92 | 3.47 | - | - | - |
| DSP Overnight Fund - Regular Plan - Growth | 05-01-2019 | 3.92 | 3.47 | 3.64 | - | - |
Scheme Characteristics
Investment in overnight securities having maturity of 1 day.
Riskometer
PORTFOLIO
Market Cap Distribution
Others
100.0%
Scheme Documents
There are no scheme documents available
Tax Benefits of investing in this fund
Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months
Short term capital gains (STCG) tax at the income tax slab rate applicable to the investor, if units are held for less than 36 months
Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person **
In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.
** The DDT is to be paid by the mutual fund
