NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹65.10
0.04%
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
NAV as on 30 Apr 24, 12:00 AM
moderate risk
medium to long duration
debt
5.86%p.a.
Last 1Y
4.44%p.a.
Last 3Y
5.96%p.a.
Last 5Y
7.74%p.a.
Since Inception
About LIC MF Medium to Long Duration Bond Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Medium to Long Duration Bond Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Medium to Long Duration mutual fund scheme that predominantly invests in Medium to Long Duration stocks of companies. Launched on Sep 1999, LIC MF Medium to Long Duration Bond Fund Growth is Medium to Long Duration fund of its category with 169.94 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Medium to Long Duration funds.
- LIC MF Medium to Long Duration Bond Fund Growth delivered 5.9% annual returns during the last year. It has delivered 7.7% average annual returns since the fund was launched.
- LIC MF Medium to Long Duration Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
LIC MF Bond fund is an open-ended debt scheme which will endeavor to generate an attractive return for its investors by investing in a portfolio is between 4 years and 7 years. However, there is no assurance that the investment objective of the Schemes will be realized.
Top 10 Holdings
07.70 MH Sgs 2033
24.05%
07.80 GJ Sdl 2032 20 Jul
15.26%
07.71 MH Sdl 2033
13.89%
7.18% Govt Stock 2033
11.88%
7.26% Govt Stock 2032
9.53%
07.64 MH Sgs 2032
8.95%
HDFC Bank Limited
6.27%
06.95 GJ Sdl 2031
2.91%
07.72 MH Sdl 2034
1.85%
7.26% Govt Stock 2033
0.30%
Fund Managers
- Marzban Irani (Aug 2016 - Present)
- Pratik Shroff (Sep 2023 - Present)
Key Information
View Scheme Document
LIC MF Medium to Long Duration Bond Fund Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF Medium to Long Duration Bond Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Medium to Long Duration Bond Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Medium to Long Duration Bond Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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