3 Year return

12.17%
Launched on October 2021 (3 years)

Investment Details

₹200

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹791.3 Cr.

Expense Ratio

0.78% (inclusive of GST)

Exit Load

12% of the unit alloted shall be redeemed without any exit load, on or before completion of 3 months from the date of allotment of units. 1% - on remaining units, if redeemed or switched out on or before completion of 3 months from the date of allotment of units. Nil - if redeemed or switched out after completion of 3 months from the date of allotment of units.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

LIC Mutual Fund Managers

YP

Yogesh Patil

Fund Manager since Mar 2013

View Details

Fund House Details

LIC Mutual Fund

LIC Mutual Fund Asset management company

AUM ₹33,782.10 Cr.
No. of Schemes 127
Setup Date April 1989

Peer Comparison

Comparison with other similar funds

Schemes by LIC Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

Key Features of The Fund

5-year return NA
Expense Ratio 0.78%
Fund Manager Yogesh Patil
Fund Size ₹791.3 Cr
Risk Profile Very High

AMC Contact Details

Name LIC Mutual Fund
Launch Date April 1989
Addresss Industrial Assurance Bldg., 4th Floor, Opp. Churchgate Station, Mumbai - 400 020.
Contact 1800 258 5678
Email service_licmf@kfintech.com
Website https://www.licmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout Dec 02 2024 is 13.0661

What is the AUM of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout is 791.3 crore.

What is the expense ratio of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout is 0.78%

What are the returns of LIC MF Balanced Advantage Fund Direct Plan IDCW Payout since inception?

The LIC MF Balanced Advantage Fund Direct Plan IDCW Payout was launched on Oct 20 2021. The fund has delivered a CAGR of 11.73 since inception.

What is the minimum SIP amount to invest in LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for LIC MF Balanced Advantage Fund Direct Plan IDCW Payout is 200.

How do I invest in LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in LIC MF Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.