LIC MF GILT FUND-Growth

LIC MF GILT FUND-Growth is a scheme launched by LIC Mutual Fund on December 11, 1999, and falls under the Gilt fund category. It currently manages an AUM of Rs 58.27 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 10000. It charges an expense ratio of 1.48% for managing the portfolio.

• Investing Strategy:

  To generate credit risk free and reasonable returns for its investors through investments in sovereign securities issued by the central and or state Government and or any security unconditionally guaranteed by the central, state government for repayment of Principal and interest and or reverse repos in such securities as and when permitted by RBI.

• Performance:

  LIC MF GILT FUND-Growth trailing returns over different times are 3.5% (1 year), 5.8% (3 year) and 4.66% (5 year). The average annual return of this fund stands at 2.35%.