LIC MF Gilt Fund Direct-Growth

Q: What are the returns of LIC MF Gilt Fund?

The LIC MF Gilt Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.9% since inception. LIC MF Gilt Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 12.35% 8.09% 6.53% 7.86% 7.9%

Previously called: LIC MF Govt Sec Direct-G

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹66.7143+0.09% 1 day change	7.9% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹66.7143 as on Apr 23, 2025

This fund Category average

LIC MF Gilt Fund overview

VRO rating	2
Expense ratio	0.75% as on Mar 31, 2025
Exit load	0.25% Exit load of 0.25% if redeemed within 30 days!
AUM (Fund size)	₹87 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	NIFTY All Duration G-Sec
Min. investment	SIP ₹1000 & Lump. ₹10000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

LIC MF Gilt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 97.89534782%

Cash & Call Money 2.10465213%

Top Debt Holdings

Maharashtra State 11.65%

GOI 6.02%

Allocation by Instruments

GOI Securities 80.22036998%

State Development Loan 11.6571285%

Central Government Loan 6.01784934%

Repo 1.85069799%

Other Holdings

Others 0.25%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
LIC MF Gilt Fund	N.A.	₹87 Crs	12 yrs 3 m	0.75%
SBI Magnum Gilt Fund	N.A.	₹11,489 Crs	12 yrs 3 m	0.46%
PGIM India Gilt Fund	N.A.	₹116 Crs	12 yrs 3 m	0.5%
DSP Gilt Fund	N.A.	₹1,566 Crs	12 yrs 3 m	0.56%
Edelweiss Government Securities Fund	N.A.	₹171 Crs	11 yrs 2 m	0.51%

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Gilt Fund	3.23%	6.31%	12.35%	8.09%	6.53%	7.86%
SBI Magnum Gilt Fund	3.21%	6.31%	12.84%	9.17%	7.51%	8.77%
PGIM India Gilt Fund	2.97%	6.12%	12.88%	8.65%	7.08%	7.89%
DSP Gilt Fund	3.35%	6.29%	13.67%	9.19%	7.56%	8.69%
Edelweiss Government Securities Fund	3.11%	6.18%	12.69%	8.63%	7.85%	8.4%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Gilt Fund	2.47	0.67	0.31	0.64
SBI Magnum Gilt Fund	2.37	0.63	0.79	1.41
PGIM India Gilt Fund	2.29	0.64	0.6	1.12
DSP Gilt Fund	2.86	0.79	0.62	1.18
Edelweiss Government Securities Fund	2.65	0.77	0.5	0.96

View all Gilt funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.41 vs. 2.41 Underperformed at beating benchmark
Sharpe	0.31 vs. 2.08 Poor risk-adjusted returns
Beta	0.67 vs. 0.69 Less sensitive to market ups & downs
Standard deviation	2.47 vs. 2.05 More volatile performance

Compare LIC MF Gilt Fund in detail with

About this fund

About LIC MF Gilt Fund

LIC MF Gilt Fund Direct-Growth is a Gilt mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. LIC MF Gilt Fund Direct-Growth has ₹87 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Gilt Fund Direct-Growth as of 23/04/2025 is ₹66.71. The fund has an expense ratio of 0.75%, which is higher than what most other Gilt funds charge.

LIC MF Gilt Fund Direct-Growth returns of last 1-year are 12.31%. Since launch, it has delivered 7.90% average annual returns. The fund has doubled the money invested in it every 10 yrs.
LIC MF Gilt Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Maharashtra State, GOI.

...

Fund AUM	₹87 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Marzban Irani

Mr. Irani is a B.Com (H) from Mumbai University and holds a PGDBM from Chetna's Institute of Management & Research, Mumbai. Prior to joining LIC Mutual Fund he was associated with DSP Investment Managers (Jun 2014-Jul 2016) as VP Fixed Income, Tata Asset Management (Jun 2011-May 2014) as Senior Fund Manager Fixed Income, PNB MetLife India Insurance (Sep 2010-May 2011) as Fund Manager Fixed Income, Mirae Asset Global Investment Management India Pvt. Ltd. (Jan 2008-Jul 2010) as Fund Manager Fixed Income and Tata Asset Management Limited (Sep 2000-Nov 2007) as Fund Manager Fixed Income.

Pratik Harish Shroff

Mr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance – IIM, Calcutta Prior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities

Investment objective

The scheme seeks to generate reasonable returns with investments in government securities, securities guaranteed by GoI and call money markets.

LIC Mutual Fund details

No. of schemes	25 view all schemes
Total AUM	₹36,564 Crs as on Mar 31, 2025
Address	Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai, 400020
Email	br.mumbai@licmf.com
Phone	022-66016177 / 022-66016178

More funds from LIC Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
LIC MF Medium to Long Duration Fund	N.A.	₹191 Crs	12.25%	8.66%
LIC MF Banking & PSU Fund	N.A.	₹1,702 Crs	10.05%	7.4%
LIC MF Short Duration Fund	N.A.	₹111 Crs	9.97%	7.31%
LIC MF Low Duration Fund	N.A.	₹1,450 Crs	8.3%	7.07%
LIC MF Liquid Fund	N.A.	₹9,367 Crs	7.32%	6.87%
LIC MF Ultra Short Duration Fund	N.A.	₹307 Crs	7.79%	6.67%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Gilt Fund?

The current Net Asset Value (NAV) of the LIC MF Gilt Fund - Direct Growth plan is approximately ₹66.7143 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Gilt Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.9% since inception.

LIC MF Gilt Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
12.35%	8.09%	6.53%	7.86%	7.9%

How much does this mutual fund charge as expense ratio?

The LIC MF Gilt Fund - Direct Growth has an expense ratio of 0.75%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The LIC MF Gilt Fund currently has assets under management (AUM) or fund size valued at approximately ₹87 Crs crore as of Mar 31, 2025.

To whom does LIC MF Gilt Fund lend to?

The top 3 debt holdings of LIC MF Gilt Fund are as follows

Holding Name	Percentage of Portfolio
Maharashtra State	11.65%
GOI	6.02%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The LIC MF Gilt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	97.89534782%
Cash & Call Money	2.10465213%

What is risk level of LIC MF Gilt Fund?

This is a Gilt fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in LIC MF Gilt Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for LIC MF Gilt Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in LIC MF Gilt Fund is complete.

How can I redeem my investments in LIC MF Gilt Fund?

Redeeming your investments in LIC MF Gilt Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in LIC MF Gilt Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Gilt

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Chance: This fund has generated a 7.22% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Exit Load: Exit load of 0.25% if redeemed within 30 days