LIC MF Money Market Fund Direct - Growth

Q: What are the returns of this mutual fund scheme?

The LIC MF Money Market Fund Direct - Growth is a 3 yrs 6 m old fund and has delivered average annual returns of 6.51% since inception. LIC MF Money Market Fund Direct - Growth Returns 1-Year 3-Year Since Inception 6.9% 6.7% 6.51%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹1248.2993+0.05% 1 day change	6.51% p.a.	App exclusive #NA View Ranked Funds	₹4,006 Cr

Historical NAV & returns

NAV: ₹1248.2993 as on Feb 02, 2026

This fund Category average

LIC MF Money Market Fund overview

Expense ratio	0.19% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹4,006 Cr
Lock-in Period	Nil
Age	3 yrs 6 m since Jul 28, 2022
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	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 Feb 03, 2026

Period	This fund	Category average
1 Month	0.3%	0.33%
3 Months	1.31%	1.2%
6 Months	2.83%	2.65%
1 Year	6.9%	7.07%
2 Years	6.64%	7.41%
3 Years	6.7%	7.47%

Asset allocationas on Dec 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+ 93.84939258%

SOV 11.09397858%

Others 0.0937765%

Cash & Call Money -5.03714804%

Top Debt Holdings

Bank Of Baroda 8.56%

Canara Bank 7.97%

Reserve Bank of India 7.91%

HDFC Bank Ltd. 7.81%

Allocation by Instruments

Certificate of Deposit 55.23625659999999%

Commercial Paper 38.613135979999996%

Repo 10.09005654%

Treasury Bills 7.91103637%

Other Holdings

Others 0.09%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Money Market Fund	0.3%	2.83%	6.9%	6.7%	N.A.	N.A.
UTI Money Market Fund	0.3%	2.81%	7.26%	7.55%	6.36%	6.8%
Nippon India Money Market Fund	0.29%	2.78%	7.27%	7.55%	6.4%	6.82%
Axis Money Market Fund	0.32%	2.84%	7.32%	7.6%	6.39%	4.11%
Aditya Birla Sun Life Money Manager Fund	0.25%	2.74%	7.14%	7.54%	6.39%	6.91%
Tata Money Market Fund	0.32%	2.84%	7.33%	7.67%	6.51%	6.1%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Money Market Fund	0.31	0.41	1.12	1.59
UTI Money Market Fund	0.37	0.52	3.06	4.74
Nippon India Money Market Fund	0.39	0.55	2.97	4.63
Axis Money Market Fund	0.37	0.5	3.22	5.54
Aditya Birla Sun Life Money Manager Fund	0.39	0.59	2.94	3.89
Tata Money Market Fund	0.38	0.53	3.3	5.11

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Money Market Fund	N.A.	4,006 Cr	3 yrs 6 m	0.19%
UTI Money Market Fund	N.A.	19,301 Cr	13 yrs 1 m	0.13%
Nippon India Money Market Fund	N.A.	20,190 Cr	13 yrs 1 m	0.22%
Axis Money Market Fund	N.A.	20,781 Cr	6 yrs 6 m	0.17%
Aditya Birla Sun Life Money Manager Fund	N.A.	27,449 Cr	13 yrs 1 m	0.22%
Tata Money Market Fund	N.A.	35,600 Cr	13 yrs 1 m	0.16%

View all Money Market funds

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

Alpha	1.11 vs. 3.23 Underperformed at beating benchmark
Sharpe	1.12 vs. 3.39 Poor risk-adjusted returns
Beta	0.41 vs. 1.75 Less sensitive to market ups & downs
Standard deviation	0.31 vs. 0.3 More volatile performance

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 3 yrs 6 m, having been launched on 28/07/2022. LIC MF Money Market Fund Direct - Growth has ₹4,006 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Money Market Fund Direct - Growth as of 02/02/2026 is ₹1248.30. 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 6.91%. Since launch, it has delivered 6.52% average annual returns.
LIC MF Money Market Fund Direct - Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
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 Bank Of Baroda, Canara Bank, Reserve Bank of India, HDFC Bank Ltd., Axis Bank Ltd..

...

Fund AUM	4,006 Cr as on Dec 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).

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 income through investment in a portfolio comprising of money market instruments.

LIC Mutual Fund details

No. of schemes	32 view all schemes
Total AUM	44,894 Cr as on Dec 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	1Y	3Y
LIC MF Medium to Long Duration Fund	N.A.	199 Cr	5.98%	7.84%
LIC MF Short Duration Fund	N.A.	264 Cr	7.33%	7.71%
LIC MF Banking & PSU Fund	N.A.	1,873 Cr	7.07%	7.55%
LIC MF Low Duration Fund	N.A.	1,938 Cr	7.19%	7.44%
LIC MF Liquid Fund	N.A.	12,672 Cr	6.4%	6.99%
LIC MF Ultra Short Duration Fund	N.A.	220 Cr	6.83%	6.99%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the LIC MF Money Market Fund - Direct Growth plan is approximately ₹1248.2993 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The LIC MF Money Market Fund Direct - Growth is a 3 yrs 6 m old fund and has delivered average annual returns of 6.51% since inception.

LIC MF Money Market Fund Direct - Growth Returns

1-Year	3-Year	Since Inception
6.9%	6.7%	6.51%

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%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 4,006 Cr as on Dec 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
Bank Of Baroda	8.56%
Canara Bank	7.97%
Reserve Bank of India	7.91%

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+	93.84939258%
SOV	11.09397858%
Others	0.0937765%

What is risk level of LIC MF Money Market Fund?

This is a Money Market 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 Money Market Fund Direct - Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the LIC MF Money Market Fund is complete.

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

Redeeming your investments in the LIC MF Money Market Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

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