About LIC MF Savings Fund Direct-Dividend Monthly Reinvestment
LIC MF Savings Fund Direct-Dividend Monthly 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 ₹1,021.95 Crores and the latest NAV decalared is ₹15.645 as on 14 Oct 2019 at 8:40 pm.
LIC MF Savings Fund Direct-Dividend Monthly Reinvestment scheme return performance in last 1 year is 4.52%, in last 3 years is 20.26% and 64.99% 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.