LIC MF Money Market Fund Direct - Growth

Q: What are the returns of LIC MF Money Market Fund?

The LIC MF Money Market Fund is a 2 yrs 11 m old fund and has delivered average annual returns of 6.62% since inception. LIC MF Money Market Fund Returns 1-Year Since Inception 7.07% 6.62%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1211.126+0.04% 1 day change	6.62% p.a.	#NA View Ranked Funds	₹152 Cr

Historical NAV & returns

NAV: ₹1211.126 as on Jul 21, 2025

This fund Category average

LIC MF Money Market Fund overview

Expense ratio	0.19% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹152 Cr
Lock-in Period	Nil
Age	2 yrs 11 m since Jul 28, 2022
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

LIC MF Money Market 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%

Trailing returns as on Jun 01, 2025

Period	This fund	Category average
1 Month	0.5%	0.51%
3 Months	1.9%	1.9%
6 Months	3.93%	4.3%
1 Year	7.07%	8.09%
2 Years	6.93%	7.78%

Asset allocationas on Mar 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 75.12%

Cash & Call Money 15.45%

SOV 9.29%

Others 0.14%

Top Debt Holdings

Reserve Bank of India 8.31%

Axis Bank Ltd. 7.35%

Canara Bank 7.23%

Indian Bank 7.22%

Allocation by Instruments

Certificate of Deposit 40.72%

Commercial Paper 34.4%

Repo 15.17%

Treasury Bills 9.29%

Other Holdings

Others 0.05%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Money Market Fund	N.A.	152 Cr	2 yrs 11 m	0.19%
UTI Money Market Fund	N.A.	18,385 Cr	12 yrs 6 m	0.15%
Nippon India Money Market Fund	N.A.	19,655 Cr	12 yrs 6 m	0.22%
PGIM India Money Market Fund	N.A.	183 Cr	5 yrs 4 m	0.2%
Sundaram Money Market Fund	N.A.	1,356 Cr	6 yrs 10 m	0.17%
Axis Money Market Fund	N.A.	17,355 Cr	5 yrs 11 m	0.16%

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Money Market Fund	0.5%	3.93%	7.07%	N.A.	N.A.	N.A.
UTI Money Market Fund	0.51%	4.35%	8.2%	7.64%	6.17%	6.92%
Nippon India Money Market Fund	0.52%	4.4%	8.24%	7.67%	6.22%	6.94%
PGIM India Money Market Fund	0.52%	4.25%	8.0%	7.48%	6.04%	3.24%
Sundaram Money Market Fund	0.53%	4.35%	8.13%	7.39%	5.86%	4.27%
Axis Money Market Fund	0.52%	4.38%	8.26%	7.67%	6.2%	3.8%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Money Market Fund	N.A.	N.A.	N.A.	N.A.
UTI Money Market Fund	0.36	0.87	2.86	4.7
Nippon India Money Market Fund	0.36	0.88	2.92	4.94
PGIM India Money Market Fund	0.37	0.91	2.37	4.06
Sundaram Money Market Fund	0.37	0.92	2.13	3.61
Axis Money Market Fund	0.37	0.93	2.84	4.58

View all Money Market funds

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

Risk ratios are based on three-year data. The required data is unavailable for the scheme.

Compare LIC MF Money Market Fund in detail with

About this fund

About LIC MF Money Market Fund

LIC MF Money Market Fund Direct - Growth is a Money Market mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 2 yrs 11 m, having been launched on 28/07/2022. LIC MF Money Market Fund Direct - Growth has ₹152 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 Money Market Fund Direct - Growth as of 21/07/2025 is ₹1211.13. The fund has an expense ratio of 0.19%, which is close to what most other Money Market funds charge.

LIC MF Money Market Fund Direct - Growth returns of last 1-year are 7.08%. Since launch, it has delivered 6.66% average annual returns.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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 Reserve Bank of India, Axis Bank Ltd., Canara Bank, Indian Bank, Punjab National Bank.

...

Fund AUM	152 Cr as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Singh

Mr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A. Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).

Investment objective

The scheme seeks to generate income through investment in a portfolio comprising of money market instruments.

LIC Mutual Fund details

No. of schemes	26 view all schemes
Total AUM	38,854 Cr as on Jun 30, 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	1Y	3Y
LIC MF Medium to Long Duration Fund	N.A.	191 Cr	10.62%	9.11%
LIC MF Short Duration Fund	N.A.	111 Cr	9.7%	7.98%
LIC MF Banking & PSU Fund	N.A.	1,702 Cr	9.68%	7.86%
LIC MF Low Duration Fund	N.A.	1,450 Cr	8.29%	7.47%
LIC MF Liquid Fund	N.A.	9,367 Cr	7.12%	7.05%
LIC MF Ultra Short Duration Fund	N.A.	307 Cr	7.77%	6.99%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Money Market Fund?

The current Net Asset Value (NAV) of the LIC MF Money Market Fund - Direct Growth plan is approximately ₹1211.126 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Money Market Fund is a 2 yrs 11 m old fund and has delivered average annual returns of 6.62% since inception.

LIC MF Money Market Fund Returns

1-Year	Since Inception
7.07%	6.62%

How much does this mutual fund charge as expense ratio?

The LIC MF Money Market Fund - Direct Growth has an expense ratio of 0.19%, 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 Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 152 Cr as on Mar 31, 2025.

To whom does LIC MF Money Market Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	8.31%
Axis Bank Ltd.	7.35%
Canara Bank	7.23%

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 Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	75.12%
Cash & Call Money	15.45%
SOV	9.29%

What is risk level of LIC MF Money Market Fund?

This is a Money Market fund comes with Low to 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 Money Market 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 Money Market 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 Money Market Fund is complete.

How can I redeem my investments in LIC MF Money Market Fund?

Redeeming your investments in LIC MF Money Market 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 Money Market Fund from anywhere else, you can go to the fund house website and put a request through it.