LIC MF Ultra Short Duration Fund Direct - Growth

Q: What are the returns of LIC MF Ultra Short Duration Fund?

The LIC MF Ultra Short Duration Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 5.49% since inception. LIC MF Ultra Short Duration Fund Returns 1-Year 3-Year 5-Year Since Inception 7.86% 6.9% 5.55% 5.49%

Previously called: LIC MF Ultra Short Term Fund Direct-G

NAV as of Jun 05, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹1345.0264+0.02% 1 day change	5.49% p.a.	#NA View Ranked Funds	₹307 Crs

Historical NAV & returns

NAV: ₹1345.0264 as on Jun 05, 2025

This fund Category average

LIC MF Ultra Short Duration Fund overview

Expense ratio	0.25% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹307 Crs
Lock-in	No Lockin
Age	5 yrs 6 m since Nov 21, 2019
Benchmark	CRISIL Ultra Short Duration Debt A-I Index
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

LIC MF Ultra Short Duration 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	0.64%	0.66%
3 Months	2.19%	2.25%
6 Months	3.94%	3.98%
1 Year	7.86%	7.89%
2 Years	7.4%	7.62%
3 Years	6.9%	7.26%
4 Years	5.98%	6.41%
5 Years	5.55%	6.02%

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

A1+ 78.85850712%

AAA 16.91362451%

SOV 11.21280963%

Others 0.25208604%

Top Debt Holdings

Reserve Bank of India 11.22%

Time Technoplast Ltd. 9.54%

Power Finance Corporation Ltd. 8.5%

National Bank For Agriculture & Rural Development 8.41%

Allocation by Instruments

Certificate of Deposit 40.579563220000004%

Commercial Paper 38.2789439%

Debenture 16.91362451%

Treasury Bills 11.21280963%

Other Holdings

Others 0.25%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
LIC MF Ultra Short Duration Fund	N.A.	₹307 Crs	5 yrs 6 m	0.25%
ICICI Prudential Ultra Short Term Fund	N.A.	₹15,092 Crs	12 yrs 5 m	0.39%
Axis Ultra Short Duration Fund	N.A.	₹6,122 Crs	6 yrs 9 m	0.36%
Sundaram Ultra Short Duration Fund	N.A.	₹2,091 Crs	12 yrs 5 m	0.23%
WhiteOak Capital Ultra Short Duration Fund	N.A.	₹457 Crs	6 yrs	0.47%
Tata Ultra Short Term Fund	N.A.	₹4,817 Crs	6 yrs 4 m	0.28%

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Ultra Short Duration Fund	0.64%	3.94%	7.86%	6.9%	5.55%	N.A.
ICICI Prudential Ultra Short Term Fund	0.73%	4.11%	8.08%	7.47%	6.53%	7.76%
Axis Ultra Short Duration Fund	0.69%	4.08%	8.11%	7.5%	6.28%	4.51%
Sundaram Ultra Short Duration Fund	0.66%	4.02%	7.98%	7.37%	5.99%	6.23%
WhiteOak Capital Ultra Short Duration Fund	0.61%	3.85%	7.62%	7.05%	5.85%	3.44%
Tata Ultra Short Term Fund	0.66%	4.1%	8.1%	7.43%	6.07%	4.02%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Ultra Short Duration Fund	0.31	0.73	1.61	2.44
ICICI Prudential Ultra Short Term Fund	0.32	0.77	2.78	4.14
Axis Ultra Short Duration Fund	0.32	0.77	2.97	4.23
Sundaram Ultra Short Duration Fund	0.31	0.73	2.62	3.77
WhiteOak Capital Ultra Short Duration Fund	0.3	0.72	1.7	2.13
Tata Ultra Short Term Fund	0.32	0.76	2.73	3.58

View all Ultra Short Duration funds

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

Alpha	1.89 vs. 3.46 Underperformed at beating benchmark
Sharpe	1.61 vs. 3.65 Poor risk-adjusted returns
Beta	0.73 vs. 1.76 Less sensitive to market ups & downs
Standard deviation	0.31 vs. 0.3 More volatile performance

Compare LIC MF Ultra Short Duration Fund in detail with

About this fund

About LIC MF Ultra Short Duration Fund

LIC MF Ultra Short Duration Fund Direct - Growth is a Ultra Short Duration mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 5 yrs 6 m, having been launched on 21/11/2019. LIC MF Ultra Short Duration Fund Direct - Growth has ₹307 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 Ultra Short Duration Fund Direct - Growth as of 05/06/2025 is ₹1345.03. The fund has an expense ratio of 0.25%, which is close to what most other Ultra Short Duration funds charge.

LIC MF Ultra Short Duration Fund Direct - Growth returns of last 1-year are 7.88%. Since launch, it has delivered 5.83% average annual returns.
LIC MF Ultra Short Duration 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 similar borrowers and hence the risk of default in this fund is same as the category.
The fund's top holdings are in Reserve Bank of India, Time Technoplast Ltd., Power Finance Corporation Ltd., National Bank For Agriculture & Rural Development, Kotak Mahindra Securities Ltd..

...

Fund AUM	₹307 Crs 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 returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

LIC Mutual Fund details

No. of schemes	26 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	12.12%	9.54%
LIC MF Short Duration Fund	N.A.	₹111 Crs	10.25%	8.06%
LIC MF Banking & PSU Fund	N.A.	₹1,702 Crs	10.51%	7.96%
LIC MF Low Duration Fund	N.A.	₹1,450 Crs	8.48%	7.39%
LIC MF Liquid Fund	N.A.	₹9,367 Crs	7.25%	6.98%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Ultra Short Duration Fund?

The current Net Asset Value (NAV) of the LIC MF Ultra Short Duration Fund - Direct Growth plan is approximately ₹1345.0264 as of Jun 05, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Ultra Short Duration Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 5.49% since inception.

LIC MF Ultra Short Duration Fund Returns

1-Year	3-Year	5-Year	Since Inception
7.86%	6.9%	5.55%	5.49%

How much does this mutual fund charge as expense ratio?

The LIC MF Ultra Short Duration Fund - Direct Growth has an expense ratio of 0.25%, 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 Ultra Short Duration Fund currently has assets under management (AUM) or fund size valued at approximately ₹307 Crs crore as of Mar 31, 2025.

To whom does LIC MF Ultra Short Duration Fund lend to?

The top 3 debt holdings of LIC MF Ultra Short Duration Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	11.22%
Time Technoplast Ltd.	9.54%
Power Finance Corporation Ltd.	8.5%

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 Ultra Short Duration Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	78.85850712%
AAA	16.91362451%
SOV	11.21280963%

What is risk level of LIC MF Ultra Short Duration Fund?

This is a Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration 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 Ultra Short Duration Fund is complete.

How can I redeem my investments in LIC MF Ultra Short Duration Fund?

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

ET Money rank

in Ultra Short Duration

#NA

Volatility Protection: This fund is one of the best in protecting against volatility in it's category.
Return Outperformance: This fund has generated highest return amongst Ultra Short Duration funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.