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LIC MF Money Market Fund - NAV, Returns, Investment & SIP Options | Allvest

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Invest in LIC MF Money Market Fund offering stable returns through money market instruments. Check latest NAV, AUM, expense ratio, and start SIP from ₹200. Low-risk debt fund with high liquidity.

Investment Objective and Approach

The investment objective of the Scheme is to generate income through investment in a portfolio comprising of money market instruments. The fund proposes to invest in money market securities having maturing up to 1 year. The fund proposes to invest in both sovereign and money market instrument to arrive at an optimum asset allocation between the asset classes.

The fund endeavors to build a highest credit quality portfolio with focus on accruals. The maturity profile of debt instruments will be selected in line with the market outlook.

The fund follows a low-risk investment approach focusing on:

- Portfolio Quality: Building highest credit quality portfolio

- Maturity Management: Investments in securities maturing within one year

- Asset Allocation: Optimal mix between sovereign and money market instruments

- Accrual Strategy: Focus on income generation through accruals

Fund Managers

Rahul Singh is the Current Fund Manager of LIC MF Money Market Fund Direct Growth fund. Mr. Rahul Singh has been managing the debt portfolio since 01/08/22.

Professional Background:

- Qualification: B.SC Economic Hons. and hold a PGDM FROM IIM-A.

- He has more than 15 years of industry experience.

- Before joining LIC, he was with BOI AXA, ING Investment Management, Standard Chartered Bank and Ashika Capital.

- Mr Singh is the Fund Manager – Fixed Income at LIC AMC.

Fund Management Experience:

- Mr. Singh oversees LIC Mutual Funds Liquid Fund scheme. He handles funds of Rs. 8801.21 Crore including G-Sec Long Term ETF and Series 1,2, and 3 CPOF.

About the Fund House (AMC)

LIC Mutual Fund was established in April, 1989, by Life Insurance Corporation of India, the world's largest life insurer. Registered with SEBI in 1994, LIC Mutual Fund has a rich history of almost 30 years in effectively managing investors' funds.

Ownership Structure:

- LIC Mutual Fund has a significant ownership of 45% held by LIC of India, making it the principal shareholder in LIC Mutual Fund Asset Management.

- Other noteworthy stakeholders in this Asset Management Company (AMC) include LIC Housing Finance (39.30%), GIC Housing Finance (11.70%), and Union Bank of India (4%).

Fund House Performance:

- As of December 2023, the fund house boasts total assets under management (AUM) amounting to approximately Rs. 26058 crores.

- LIC Mutual Fund was established in 1989 by LIC of India, India's most trusted brand. The fund house is emerging as one of the most trusted fund managers due to its high standards of financial ethics and corporate governance.

- It strives to create value for its investors by adopting innovative strategies for investment as well as giving an excellent service experience.

Should I Invest in LIC MF Money Market Fund?

LIC MF Money Market Fund can be suitable for investors seeking:

Ideal For:

- Conservative investors looking for stable returns

- Emergency fund parking with high liquidity

- Short-term investment horizon (less than 1 year)

- Capital preservation with modest income generation

- First-time debt fund investors due to low risk profile

Key Considerations:

- The LIC MF Money Market Fund Direct Growth is rated Low to Moderate risk.

- This fund has been launched on 28-07-2022.

- The minimum SIP amount of LIC MF Money Market Fund is ₹200.

- The fund has an expense ratio of 1.02.

Performance Metrics (as of December 2024):

- LIC MF Money Market Fund Direct - Growth scheme return performance in last 1 year is 6.45%, is 16.38% since scheme launch.

- Asset Under Management (AUM) of 24.38 crores as on December 2024.

- The latest NAV (Net Asset Value) of LIC MF Money Market Fund is ₹1145.53 as on 12 December 2024.

Investment Suitability:

This fund suits investors who prioritize capital safety over high returns and need liquidity for short-term financial goals. The backing of LIC brand provides additional confidence for conservative investors.

FAQs

What is today's NAV of LIC MF Money Market Fund?

The NAV changes daily based on market conditions. You can check the current NAV on Allvest platform or the official LIC MF website for real-time updates.

What is the AUM of LIC MF Money Market Fund?

The fund has an AUM of ₹24.38 crores as of December 2024. AUM indicates the total assets managed by the fund and reflects investor confidence.

What is the expense ratio of LIC MF Money Market Fund?

The expense ratio is 1.02%, which represents the annual fee charged for managing the fund. This is reasonable for money market funds in the category.

What are the returns of LIC MF Money Market Fund since inception?

The fund has delivered 16.38% returns since inception and was launched in July 2022. Past performance doesn't guarantee future returns.

What is the minimum SIP amount to invest in LIC MF Money Market Fund?

The minimum SIP amount is ₹200, making it accessible for small investors to start their investment journey systematically.

How do I invest in LIC MF Money Market Fund?

You can invest through Allvest platform by completing KYC, selecting the fund, choosing investment amount and mode (lump sum or SIP), and making payment through various digital methods.

How to start a SIP in LIC MF Money Market Fund?

On Allvest, select the fund, choose SIP option, set monthly amount (minimum ₹200), select date and duration, then authorize auto-debit for seamless monthly investments.

How do I automate an SIP in LIC MF Money Market Fund?

Set up auto-debit mandate through Allvest platform by linking your bank account, selecting SIP amount and frequency. The system will automatically deduct and invest on chosen dates.

How can I withdraw/redeem my investment in LIC MF Money Market Fund?

Money market funds offer high liquidity. You can redeem through Allvest platform by selecting partial or full redemption. Funds typically get credited within 1-2 business days.