About LIC MF Savings Fund Direct-Dividend Daily Reinvestment
LIC MF Savings Fund Direct-Dividend Daily Reinvestment is a Debt
mutual fund scheme from LIC Mutual Fund
. This scheme was launched on 02 Jan 2013 and is currently managed by its fund manager Rahul Singh
. It has an AUM of ₹949.35 Crores and the latest NAV decalared is ₹10.100 as on 13 Nov 2019 at 9:10 pm.
LIC MF Savings Fund Direct-Dividend Daily Reinvestment scheme return performance in last 1 year is 4.63%, in last 3 years is 20.45% and 68.41% since scheme launch. The min. SIP amount to invest in this scheme is ₹1000.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.