The Monthly/Fortnightly statement of Schemes portfolio of LIC MF have been hosted on the website of LIC MF and on the website of Association of Mutual Funds in India (“AMFI”). Unitholders can submit a request for a physical copy or an electronic copy by any of the following modes: 1) Toll free no: Contact us at 1800-258-5678 from 9.00 a.m. to 6.30 p.m., Monday to Saturday; 2) Email: Sending an email on service_licmf@kfintech.com from the registered email-id; or 3) Letter: Sending a written request to any of the Investor Service Centres of LIC MF nearest to the unitholders
LICMF Gold ETF Fund

Investment Objective

The investment objective of the Scheme will be to generate returns that correspond closely to the returns generated by LIC MF Gold Exchange Traded Fund (LIC MF Gold ETF). There is no assurance that the investment objective of the Scheme will be achieved.

Minimum Application Amount/switch in

Application Amount (Other than fresh purchase through SIP) – Rs. 5,000/- and in multiples of Rs.1 thereafter.
SIP Amount –
  1. Daily – Rs. 100/- and in multiples of Re.1/- thereafter.
  2. Monthly – Rs. 200/- and in multiples of Re.1/- thereafter.
  3. Quarterly – Rs. 1,000/- and in multiples of Re.1/- thereafter
*Applicable from 16 October 2024

Load Structure

Entry Load - Not applicable
Exit Load
  • 1% for exit (redemption / switchout / transfer /SWP) within 15 days from the date of allotment.
  • Nil, if units of scheme are redeemed or switched out after 15 days from the date of allotment.

Minimum Additional Purchase Amount

Additional Purchase – Rs.500/- and in multiples of Re.1/- thereafter

Minimum Redemption/switch out amount

Redemption Amount – Rs. 500/- and in multiples of Re.1/- thereafter.

Benchmark Index

Domestic Price of Gold

Investment Strategy

  • The Scheme follows a passive investment strategy. The Fund shall be managed in line with the Investment Objective to generate returns that correspond closely to the returns generated by LIC MF Gold Exchange Traded Fund and the annualized tracking error is expected to be maintained within 2%. To realize this objective, the investment strategy of the Scheme would be to invest passively in LIC MF Gold Exchange Traded Fund. The Scheme will remain invested in the underlying scheme regardless of the prevailing gold price or future outlook for this asset class. However, the performance of the Fund will also be impacted by the delay in receipt of application money.

Who Should Invest?

  • Investor looking for passive investment in Gold in hassle free manner.
  • Investors looking for a cost-effective and liquid alternative to physical gold.
  • Investor looking for diversified investment beyond traditional stocks and bonds.
  • Investors looking for no key man risk.
  • Investors willing to invest in an open-ended fund of funds scheme investing in units of Gold ETFs.

Asset Allocation

Under normal circumstances, the asset allocation of the Scheme would be as follows:
Instruments Indicative allocations (% of total assets)
Minimum Maximum
Units of LIC MF Gold Exchange Traded Fund 95 100
Reverse repo/ Short-term fixed deposits/ Money market instruments and in LICMF Liquid Fund Scheme of LICMF Mutual Fund 0 5
Short-term fixed deposits shall be held in the name of the Scheme and the duration of such fixed deposit shall not exceed 91 days from the date of deposit.

Fund Manager

Mr. Sumit Bhatnagar - managing since June 01, 2024
Mr. Sasikant Aravamuthan - managing since July 01, 2026

Plans Available

The Scheme offers Regular Plan and Direct Plan.
  • Regular Plan – This plan is for investors who wish to route their investment through any distributor.
  • Direct Plan – This plan is for investors investing directly with the mutual fund.
The Regular and Direct plan will be having a common portfolio.

Options Available

The Scheme has only Growth Option.
For detailed disclosure on default plans and options, kindly refer SAI.

Risk Factors

For detailed scheme/securities related risk factors,
please refer to the Scheme Information Document

Riskometer

Riskometer - Scheme
Riskometer - First Tier Benchmark
Domestic Price of Gold
This product is suitable for investors who are seeking*:
  • To replicate returns of LICMF Gold Exchange Traded Fund with at least medium term horizon
  • Investments in units of LICMF Gold Exchange Traded Fund/ Money Market Instruments/ LICMF Liquid Fund Scheme.
  • Very High
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. The change in Risk-o-meter will be evaluated on a monthly basis. For Scheme related details, including updation in Riskometer (if any) may please be referred on our website: www.licmf.com
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Investors/ Unit holders are advised to note that our Patna branch will be closed for acceptance of transactions on 30th July 2026 on account of Local Assembly Elections 2026. Investors/ Unit holders are requested to use the online portals of LIC Mutual Fund for submission of transactions.