LIC MF Overnight Fund - Direct (G)


Overnight Fund
  • NAV 1233.51 (0.02%)
  • Fund Size (Cr) ₹597.45
  • Expense Ratio 0.07
  • Scheme Type Active Fund
  • Value Research Stars
  • Minimum investment ₹5000
  • Minimum Additional Investment ₹500
  • Minimum SIP Investment ₹300
  • Minimum Withdrawal ₹500
  • Exit Load 0%
  • Return Since Launch 4.65%

Basic Details

Scheme Manager
Rahul Singh
Bench Mark
Nifty 1D Rate Index
Type
OPEN

Lumpsum Returns

  • Period Invested For
  • ₹10000 Invested on
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • Category Avg
  • Rank within Category
  • 1 Week
  • 16-Feb-24
  • 10012.52
  • 0.13%
  • -
  • 0.11%
  • 66/275
  • 1 Month
  • 23-Jan-24
  • 10055.62
  • 0.56%
  • -
  • 0.50%
  • 100/275
  • 3 Month
  • 23-Nov-23
  • 10169.09
  • 1.69%
  • -
  • 1.59%
  • 84/274
  • 6 Month
  • 23-Aug-23
  • 10341.02
  • 3.41%
  • -
  • 3.10%
  • 75/265
  • 1 Year
  • 23-Feb-23
  • 10675.74
  • 6.76%
  • 6.76%
  • 6.10%
  • 70/247
  • 3 Year
  • 23-Feb-21
  • 11594.70
  • 15.95%
  • 5.06%
  • 4.96%
  • 46/178
  • 5 Year
  • 0
  • 0%
  • -
  • 4.75%
  • -/-
  • Since Inception
  • 18-Jul-19
  • 12328.30
  • 23.28%
  • 4.65%
  • 5.72%
  • 137/274

SIP Returns

  • Period Invested For
  • ₹10000 Invested on
  • Investments
  • Latest Value
  • Absolute Returns
  • Annualised Returns
  • 1 Year
  • 01-Mar-23
  • 120000
  • 124289.66
  • 3.57%
  • 3.57%
  • 3 Year
  • 01-Mar-21
  • 360000
  • 393379.31
  • 9.27%
  • 3.00%
  • 5 Year
  • 01-Aug-19
  • 550000
  • 619813.47
  • 12.69%
  • 2.42%
  • 10 Year
  • 01-Aug-19
  • 550000
  • 619813.47
  • 12.69%
  • 1.20%

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

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  • Expected Returns Rate

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  • Invested Amount

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  • Estimated Returns

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Risk Ratios

  • Standard Deviation
    0.13%
  • Beta
    0.99%
  • Sharpe Ratio
    -4.41%
  • Treynor’s Ratio
    5.47%
  • Jension’s Alpha
    -0.06%

Asset Allocation

There is no Asset Allocation data.

Sector Allocation

There is no Sector Allocation data.

Top 10 stock holding in portfolio

  • Stock Invested in
  • % of Total Holdings
  • Quantity
  • Value (Cr)
  • Asset Type
  • Segment
  • TBILL-91D
  • 2.05%
  • 1000000
  • 9.96
  • T Bills
  • T Bills
  • TBILL-182D
  • 1.03%
  • 500000
  • 5
  • T Bills
  • T Bills
  • TBILL-182D
  • 1.02%
  • 500000
  • 4.99
  • T Bills
  • T Bills
  • TBILL-182D
  • 1.02%
  • 500000
  • 4.98
  • T Bills
  • T Bills
  • TREPS
  • 75.68%
  • 0
  • 368.29
  • Reverse Repo
  • Debt Others
  • Rel. Retail Vent
  • 5.14%
  • 500
  • 25
  • Commercial Paper
  • Debt Others
  • Net CA & Others
  • 0.09%
  • 0
  • 0.43
  • Net CA & Others
  • Debt Others
  • Kotak Mah. Bank
  • 8.84%
  • 860
  • 43
  • Certificate of Deposits
  • Debt Others
  • Axis Bank
  • 5.14%
  • 500
  • 25
  • Certificate of Deposits
  • Debt Others

Peer Comparison

  • Scheme Name
  • Value Research
  • Asset Size (Cr)
  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • LIC MF Overnight Fund - Direct (G)
  • Stars
  • 597.45
  • 0.56%
  • 1.69%
  • 3.41%
  • 6.76%
  • 5.06%
  • Mahindra Manulife Overnight Fund - Dir (IDCW-D) RI
  • Stars
  • 229.45
  • 0.56%
  • 1.69%
  • 3.41%
  • 13.06%
  • 7.95%
  • Shriram Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 91.43
  • 0.54%
  • 3.43%
  • 7.12%
  • 10.81%
  • -
  • PGIM India Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 78.32
  • 0.50%
  • 4.86%
  • 7.40%
  • 10.78%
  • 6.46%
  • Invesco India Overnight Fund - Dir (IDCW-D) RI
  • Stars
  • 395.89
  • 0.91%
  • 2.45%
  • 4.74%
  • 8.42%
  • 5.76%
  • Bandhan Overnight Fund - Direct (IDCW-D) RI
  • Stars
  • 2402.73
  • 0.69%
  • 2.06%
  • 4.16%
  • 8.37%
  • 6.38%

News

  • LIC Mutual Fund Announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme LIC Mutual Fund has announced 27 February 2024 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

    LIC MF Aggressive Hybrid Fund ? Regular Plan - IDCW Option: 0.10

    Powered by Capital Market - Live News

  • LIC Mutual Fund Announces Appointment of Key Personnel LIC Mutual Fund has announced that Mr. Ravi Kumar Jha has been appointed as Managing Director and Chief Executive Officer w.e.f. 31 January 2024. He will be a Key Personnel for schemes of LIC Mutual Fund.

    Details of Mr. Ravi Kumar Jha

    Age: 57 years

    Designation: Managing Director and Chief Executive Officer

    Qualification: B. Com (Hons.)

    Powered by Capital Market - Live News

  • LIC Mutual Fund Announces Income Distribution cum Capital Withdrawal (IDCW) under its schemes LIC Mutual Fund has announced 30 January 2024 as the record date for the declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes. The amount of IDCW (Rs per unit) will be:

    LIC MF Aggressive Hybrid Fund ? Regular Plan - IDCW Option: 0.20

    LIC MF ELSS Tax Saver ? Regular Plan - IDCW Option: 0.20

    LIC MF ELSS Tax Saver ? Direct Plan - IDCW Option: 0.20

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

  • Date of Incorporation 15-Jul-2019
  • Total AUM (Cr) ₹486.65

LIC MF Overnight Fund - Direct (G) is an Overnight Fund-oriented fund from the renowned AMC, LIC Mutual Fund. Launched in Jul 2019, this fund is managed by Rahul Singh. With assets under management (AUM) worth ₹486.65 (Cr), as of 26-Feb-2024, LIC MF Overnight Fund - Direct (G) is categorized as a Overnight Fund within its segment. The fund has generated a return of 4.65% since its launch.
The current NAV of LIC MF Overnight Fund - Direct (G) is ₹1233.51, as on 26-Feb-2024. The fund’s benchmark index is Nifty 1D Rate Index. You can invest in LIC MF Overnight Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹300 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
Exit load is not applicable
The fund has generated 5.06% and - CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments , 99.92% in Debt and 0.09% in cash and cash equivalents

FAQs on LIC MF Overnight Fund - Direct (G)

LIC MF Overnight Fund - Direct (G) is a popular fund in the Overnight Fund segment. The fund has generated a return of 4.65% since inception. Looking to invest in LIC MF Overnight Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in LIC MF Overnight Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, LIC MF Overnight Fund - Direct (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in LIC MF Overnight Fund - Direct (G) today and reap the benefits of this Overnight Fund fund!

In the short term, i.e., 1 year, LIC MF Overnight Fund - Direct (G) has generated annualised return of 6.76%. In the long-term, the fund has generated 5.06% and - in 3 and 5 years respectively. Since its inception, the fund has generated 4.65% returns.

The expense ratio of LIC MF Overnight Fund - Direct (G) Direct Growth is 0.07%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

The Assets Under Management (AUM) of LIC MF Overnight Fund - Direct (G) is ₹486.65 (Cr) as of 26 February 2024. AUM shows the fund’s popularity and is often indicative of fund strength.

Redeeming or selling units of LIC MF Overnight Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from LIC MF Overnight Fund - Direct (G):

  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case LIC MF Overnight Fund - Direct (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).

Yes, you can invest both lumpsum and SIP in LIC MF Overnight Fund - Direct (G). Minimum lumpsum investment LIC MF Overnight Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹300. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

The latest NAV (Net Asset Value) of LIC MF Overnight Fund - Direct (G) is ₹1233.51 as on 26 February 2024.

The 5 biggest stock holdings of LIC MF Overnight Fund - Direct (G) are:
TBILL-91D (2.05%), TBILL-182D (1.03%), TBILL-182D (1.02%), TBILL-182D (1.02%), TREPS (75.68%)

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