NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

LIC MF Liquid Fund Growth for NRI [4519.01]

Min Investment

5,000

Fund Size

10,690.1 Cr

Expense Ratio

0.2%

Exit Load

0.007%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

4519.01

0.02%

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

liquid

liquid

NAV as on 09 Nov 24, 12:00 AM

low to moderate risk

liquid

liquid

7.43%p.a.

Last 1Y

6.18%p.a.

Last 3Y

5.26%p.a.

Last 5Y

6.88%p.a.

Since Inception

About LIC MF Liquid Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the LIC MF Liquid Fund Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Liquid mutual fund scheme that predominantly invests in Liquid stocks of companies. Launched on Mar 2002, LIC MF Liquid Fund Growth is Liquid fund of its category with 10,690.1 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Liquid funds.

  • LIC MF Liquid Fund Growth delivered 7.4% annual returns during the last year. It has delivered 6.9% average annual returns since the fund was launched.
  • LIC MF Liquid Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in liquid

Fund Objective

An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through a judicious mix of investment in money market instruments and quality debt instruments. However, there is no assurance that the investment objective of the Scheme will be realised.

Top 10 Holdings

91 DTB 28112024

3.72%

State Bank Of India

3.71%

India (Republic of)

3.68%

Punjab National Bank

3.25%

Treps

2.98%

91 DTB 07112024

2.80%

91 Day T-Bill 15.11.24

2.80%

HDFC Bank Limited

2.79%

Reliance Retail Ventures Limited

2.77%

Motilal Oswal Financial Services Limited

2.65%

Fund Managers

  1. Rahul Singh (Oct 2015 - Present)

Key Information

View Scheme Document

LIC MF Liquid Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on LIC MF Liquid Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in LIC MF Liquid 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 Liquid 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

Frequently Asked Questions