Investment Objective and Approach

The investment objective of the Scheme is 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. However, there can be no assurance that the investment objective of the scheme will be achieved.

The fund follows a conservative investment strategy by investing in:

- Investment in debt and money market instruments with overnight maturity

- Government securities and treasury bills with 1-day maturity

- High-grade corporate bonds with overnight tenure

- Money market securities ensuring maximum liquidity

Investment Approach:

- Focus on capital preservation with minimal credit and interest rate risk

- Maintain high liquidity for immediate redemption requirements

- Generate steady returns through overnight money market instruments

- The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital

Suitable For:

- Those who are looking for investing in overnight securities having maturity / residual maturity of 1 business day. Those who have low risk appetite Those who are looking for high liquidity. Those who an investment horizon of 1 day to 1 month.

- They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

Fund Managers

The fund is managed by experienced professionals who bring extensive expertise in debt and money market investments:

Rahul Singh

- Mr. Rahul Singh is an alumnus of IIM Lucknow, with 23 years of experience behind him. He has been associated with Tata Asset Management as Chief Investment Officer of Equities and with Ampersand Capital as Managing Partner. Prior to that, he worked with Standard Chartered Securities and Citigroup Global Markets India as a business development lead and asset manager.

- 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.

Jaiprakash Toshniwal

- Mr Jaiprakash Toshniwal, CFA, MS Finance, B.Com, joined LIC Mutual Fund as a Senior Equity Research Analyst in February 2021 and was promoted as Fund Manager and Senior Equity Analyst in September 2021.

- Before joining LIC MF, he served IndiaFirst Life Insurance Company Limited as Equity Research Analyst, Taurus Asset Management Company Ltd as Equity Analyst, and ULJK Securities as Research Analyst. His special interest are in the field of Portfolio Management, Equity Research, Financial Analysis, Investment Banking, and Financial Modelling.

Pratik Shroff

- The fund management team includes Nikhil Rungta, Sumit Bhatnagar, and Pratik Shroff.

- Experienced in managing debt portfolios with focus on risk management and liquidity optimization

About the Fund House (AMC)

LIC Mutual Fund Asset Management Company Limited

LIC Mutual Fund has established itself as a trusted name in the Indian mutual fund industry with strong institutional backing and professional management.

Key Highlights:

- LIC Mutual Fund was founded in April 1989 and is supported by LIC of India.

- LIC Mutual Fund manages a total of 41 schemes, including equity, debt, hybrid, and index funds.

- In April 2025, LIC Mutual Fund's AUM increased by 11% from ₹33,854 crore in March to Rs 37,554 crore in April 2025.

Investment Philosophy:

- Conservative approach with emphasis on capital protection

- Professional fund management with experienced team

- Strong research capabilities and risk management framework

- Focus on delivering consistent returns across market cycles

Regulatory Compliance:

- SEBI registered Asset Management Company

- Follows strict regulatory guidelines for investor protection

- Transparent reporting and disclosure practices

- Robust governance structure

The AMC benefits from the strong brand equity and trust associated with LIC of India, providing investors confidence in fund management capabilities and institutional stability.

Should I Invest in LIC MF Overnight Fund?

Consider Investing If:

- You have surplus cash lying idle in savings account

- Looking for better returns than savings bank interest rates

- Need high liquidity with minimal risk exposure

- Have short-term investment horizon (1 day to 1 year)

- Want to park emergency funds with easy accessibility

- Prefer debt instruments over equity investments

Key Benefits:

- Risk - Low with minimal credit and interest rate risk

- Daily liquidity with T+1 settlement

- Professional fund management by experienced team

- No lock-in period - invest and redeem anytime

- Minimum Investment Amount: Lump sum minimum amount for LIC MF Overnight Fund is ₹5,000 and for SIP, it is ₹200.

Important Considerations:

- Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

- Returns may vary based on prevailing overnight interest rates

- Not suitable for long-term wealth creation goals

- Tax implications on short-term capital gains apply

Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

FAQs

What is today's NAV of LIC MF Overnight Fund?

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

What is the AUM of LIC MF Overnight Fund?

As on 29 Jul 2025, LIC MF Overnight Fund Growth had ₹821.4 Cr of assets under management (AUM). The AUM indicates healthy investor participation and fund size.

What is the expense ratio of LIC MF Overnight Fund?

The Expense Ratio of LIC MF Overnight Fund Growth is 0.15. This is a reasonable fee for professional fund management services.

What are the returns of LIC MF Overnight Fund since inception?

Since its inception, LIC MF Overnight Fund Growth has delivered average annual returns of 6.2%. Returns reflect the fund's focus on capital preservation with modest growth.

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

Minimum Investment Amount: Lump sum minimum amount for LIC MF Overnight Fund is ₹5,000 and for SIP, it is ₹200. This makes it accessible for small investors too.

How do I invest in LIC MF Overnight Fund?

You can invest through Allvest platform by completing KYC formalities, selecting the fund, and making payment online. The process is paperless and can be completed within minutes.

How to start a SIP in LIC MF Overnight Fund?

Visit Allvest platform, choose SIP option for LIC MF Overnight Fund, set the amount and frequency, and authorize auto-debit from your bank account for seamless investments.

How do I automate an SIP in LIC MF Overnight Fund?

Through Allvest, you can set up auto-debit mandate with your bank for automated SIP investments. This ensures disciplined investing without manual intervention each month.

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

Redeeming your investments in LIC MF Overnight Fund Regular - Growth is super easy. • If you have invested this fund via MySIPonline, just log into the app, go to the investment section, and place your redemption request. With Allvest, simply log in and place your redemption request online for quick processing.