LIC MF Ultra Short Term Fund Regular-IDCW Weekly

LIC MF Ultra Short Term Fund Regular-IDCW Weekly is a scheme launched by LIC Mutual Fund on November 27, 2019, and falls under the Ultra Short Duration fund category. It currently manages an AUM of Rs 257.79 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.95% for managing the portfolio.

• Investing Strategy:

  The investment objective of the scheme is to generate returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

• Performance:

  LIC MF Ultra Short Term Fund Regular-IDCW Weekly trailing returns over different times are 0.01% (1 year), -0.01% (3 year) and 0.34% (5 year). The average annual return of this fund stands at 0.03%.