LIC MF Overnight Fund Direct Growth

Fund Overview

Fund Size

₹1,846 Cr

Expense Ratio

0.07%

ISIN

INF767K01QI3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

18 Jul 2019

About this fund

LIC MF Overnight Fund Direct Growth is a Overnight mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 5 years, 6 months and 4 days, having been launched on 18-Jul-19.
As of 21-Jan-25, it has a Net Asset Value (NAV) of ₹1307.77, Assets Under Management (AUM) of 1846.30 Crores, and an expense ratio of 0.07%.

LIC MF Overnight Fund Direct Growth has given a CAGR return of 4.99% since inception.
The fund's asset allocation comprises around 0.00% in equities, 0.00% in debts, and 100.00% in cash & cash equivalents.
You can start investing in LIC MF Overnight Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+6.71%

— (Cat Avg.)

3 Years

+6.10%

— (Cat Avg.)

5 Years

+4.96%

— (Cat Avg.)

Since Inception

+4.99%

— (Cat Avg.)

Portfolio Summaryas of 31st December 2024

Others

₹1,846.3 Cr

100.00%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Reverse Repo	Cash - Repurchase Agreement	₹1,231.79 Cr	66.72%
HDFC Bank Ltd.	Bond - Corporate Bond	₹125 Cr	6.77%
National Bank For Agriculture And Rural Development	Cash - Commercial Paper	₹125 Cr	6.77%
Punjab National Bank	Cash - CD/Time Deposit	₹125 Cr	6.77%
Indian Bank	Cash - CD/Time Deposit	₹100 Cr	5.42%
Treps	Cash - Repurchase Agreement	₹73.28 Cr	3.97%
182 DTB 23012025	Bond - Gov't/Treasury	₹34.87 Cr	1.89%
364 DTB 09012025	Bond - Gov't/Treasury	₹9.99 Cr	0.54%
91 DTB 09012025	Bond - Gov't/Treasury	₹9.99 Cr	0.54%
364 DTB 02052024	Bond - Gov't/Treasury	₹9.96 Cr	0.54%
Net Receivables / (Payables)	Cash	₹1.43 Cr	0.08%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - Repurchase Agreement	₹1,305.07 Cr	70.69%
Cash - CD/Time Deposit	₹225 Cr	12.19%
Bond - Corporate Bond	₹125 Cr	6.77%
Cash - Commercial Paper	₹125 Cr	6.77%
Bond - Gov't/Treasury	₹64.8 Cr	3.51%
Cash	₹1.43 Cr	0.08%
Bond - Short-term Government Bills	₹0 Cr	-

Risk & Performance Ratios

Fund Managers

Rahul Singh

Since July 2019

Additional Scheme Detailsas of 31st December 2024

ISIN

INF767K01QI3

Expense Ratio

0.07%

Exit Load

No Charges

Fund Size

₹1,846 Cr

Age

5 years 6 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 1D Rate TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Overnight Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Axis Overnight Fund Regular Growth Low Risk	0.1%	0.0%	₹8626.37 Cr	6.7%
Axis Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹8626.37 Cr	6.7%
Groww Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹15.27 Cr	6.7%
Groww Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹15.27 Cr	6.6%
Tata Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹3944.57 Cr	6.7%
Tata Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹3944.57 Cr	6.6%
Nippon India Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹6842.60 Cr	6.6%
Nippon India Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹6842.60 Cr	6.7%
Sundaram Overnight Fund Regular Growth Low Risk	0.2%	0.0%	₹777.93 Cr	6.6%
Sundaram Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹777.93 Cr	6.7%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹32,557 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3141.81 Cr	20.9%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹528.91 Cr	12.4%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹181.32 Cr	10.5%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.2%	1.0%	₹1062.01 Cr	15.0%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.8%	0.0%	₹101.44 Cr	9.3%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1773.20 Cr	8.4%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1448.12 Cr	12.9%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1484.67 Cr	7.9%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹82.49 Cr	6.6%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹314.67 Cr	7.5%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.6%	1.0%	₹927.50 Cr	35.0%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.2%	0.0%	₹9444.15 Cr	7.4%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1149.78 Cr	20.3%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹113.13 Cr	8.6%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹309.93 Cr	7.7%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹792.35 Cr	12.8%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.2%	1.0%	₹50.06 Cr	9.2%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹256.08 Cr	-0.0%
LIC MF Money Market Fund Direct Growth Low Risk	0.6%	0.0%	₹21.98 Cr	6.5%
LIC MF Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1846.30 Cr	6.7%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹1465.07 Cr	25.2%
LIC MF Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹215.37 Cr	7.7%

Risk Level

Your principal amount will be at Low to Moderate Risk

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What is the current NAV of LIC MF Overnight Fund Direct Growth?

The NAV of LIC MF Overnight Fund Direct Growth, as of 21-Jan-2025, is ₹1307.77.

What are the returns of LIC MF Overnight Fund Direct Growth?

The fund has generated 6.71% over the last 1 year and 6.10% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of LIC MF Overnight Fund Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 0.00% in bonds, and 100.00% in cash and cash equivalents.

Who manages the LIC MF Overnight Fund Direct Growth?

The fund managers responsible for LIC MF Overnight Fund Direct Growth are:-

Rahul Singh

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Fund Overview

Fund Size

₹1,846 Cr

Expense Ratio

0.07%

ISIN

INF767K01QI3

Minimum SIP

₹500

Exit Load

No Charges

Inception Date

18 Jul 2019

Risk Level

Your principal amount will be at Low to Moderate Risk