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LIC MF SHORT TERM FUND

This product is suitable for investors who are seeking* :

Regular income with high levels of safety and liquidity over short term

Investment in debt and money market instruments with overnight maturity.

Risk - Low

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*Investors should consult their financial advisers if they are not dear about the suitable of the product.

Investment Objective 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.
Minimum Application Amount ₹5000 and in multiples of ₹1 thereafter
Minimum Additional Amount (for subsequent investments under an existing folio) ₹500 and in multiples of ₹1 thereafter
Benchmark Index NIFTY 1D Rate Index
Load Structure Entry Load : Not Applicable; Exit Load : NIL
Switch During NFO During the NFO period(Switch request will be accepted upto 3.00 p.m. on the last day of the NFO)
Special Products/facilities available during the NFO Systematic Investment Purchase (SIP) and Switch In facility would be availabe during NFO
Asset Allocation Pattern
Instruments Indicative allocations (% of net assets) Risk Profile
Minimum Maximum High/Medium/Low
Overnight securities or debt instruments* maturing on or before the next business day 0 100 Low

Overnight Securities: Debt and money market instruments with overnight interest rate risk such as dept instrument with one business day residual maturity or where the interest rate is reset on a daily basis. Overnight securities include syntheti cover night positions such as reverse repo/tri-party repo transactions where the interest rate is reset every business day.

*instruments with residual maturity not greater than 1 business day, including money market instruments^, TripartyRepo#/ reverse repowith overnight maturity.

^Commercial papers, commercial bills, treasury bills, call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India from time to time.

#or similar instruments as may be permitted by RBI/SEBI.

The Scheme may also take exposure to:

  • Securitised debt upto 10% of the net assets of the Scheme
  • The cumulative gross exposure should not exceed 100% of the net assets of the Scheme.

    Fund Manager Mr. Rahul Singh
    Plans Available Regular Plan & Direct Plan (The Regular and direct plan will be having a common portfolio)
    Options Available 1. Growth Option and 2. Dividend Option The Dividend option has the following facilities: (i) Dividend Re-investment Facility (available for daily, weekly & Periodic frequency) (ii) Dividend Pay-out Facility (available for Periodic frequency)
    Applicable NAV The NAV applicable for purchase or redemption or Switching of Units based on the time of the Business Day on which the application is time stamped.
    Risk Factors For detailed scheme/securities related risk factors, please refer to the Scheme Information Document
    Statutory Details: Sponsor: Life Insurance Corporation of India.
    Investment Manager: LIC Mutual Fund Asset Management Ltd. CIN: U67190MH1994PLC077858

    "*Mutual Fund investments are subject to market risks, read all scheme related documents carefully."