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LIC MF Ultra Short Duration Fund Direct Growth
DebtUltra Short DurationLow to Moderate Risk
Direct
NAV (19-Oct-26)
₹1468.810.06%1D
Returns (Since Inception)
5.74%
Rated ★4.3+ on 
Fund Overview
Fund Size
₹1,420 Cr
Expense Ratio
0.25%
ISIN
INF767K01QU8
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
27 Nov 2019
About this fund
LIC MF Ultra Short Duration Fund Direct Growth is a Ultra Short Duration mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 6 years, 10 months and 23 days, having been launched on 27-Nov-19.
As of 19-Oct-26, it has a Net Asset Value (NAV) of ₹1468.81, Assets Under Management (AUM) of 1419.87 Crores, and an expense ratio of 0.25%.
As of 19-Oct-26, it has a Net Asset Value (NAV) of ₹1468.81, Assets Under Management (AUM) of 1419.87 Crores, and an expense ratio of 0.25%.
- LIC MF Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.74% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 19.08% in debts, and 80.83% in cash & cash equivalents.
- You can start investing in LIC MF Ultra Short Duration Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+6.72%
+5.93% (Cat Avg.)
3 Years
+7.22%
+6.69% (Cat Avg.)
5 Years
+6.35%
+6.11% (Cat Avg.)
Since Inception
+5.74%
— (Cat Avg.)
Portfolio Summaryas of 30th September 2026
| Debt | ₹270.98 Cr | 19.08% |
| Others | ₹1,148.89 Cr | 80.92% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹102.58 Cr | 7.22% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹97.6 Cr | 6.87% |
| Canara Bank | Cash - CD/Time Deposit | ₹73.32 Cr | 5.16% |
| Tata Capital Housing Finance Limited | Bond - Corporate Bond | ₹52.22 Cr | 3.68% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹52.19 Cr | 3.68% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹52.04 Cr | 3.67% |
| India (Republic of) | Bond - Short-term Government Bills | ₹49.54 Cr | 3.49% |
| Aditya Birla Capital Ltd. | Cash - Commercial Paper | ₹49.29 Cr | 3.47% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹49.03 Cr | 3.45% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹48.63 Cr | 3.43% |
| Cholamandalam Investment And Finance Company Limited | Cash - Commercial Paper | ₹48.62 Cr | 3.42% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹48.6 Cr | 3.42% |
| Rec Ltd. | Cash | ₹48.46 Cr | 3.41% |
| Treps | Cash - Repurchase Agreement | ₹47.49 Cr | 3.34% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹44.01 Cr | 3.10% |
| Net Receivables / (Payables) | Cash | ₹-27.51 Cr | 1.94% |
| 7.17% Karnataka Sdl 2027 | Bond - Gov't/Treasury | ₹25.91 Cr | 1.83% |
| 7.4% Madhyapradesh Sdl 2026 | Bond - Gov't/Treasury | ₹25.77 Cr | 1.81% |
| Rec Limited | Bond - Corporate Bond | ₹25.68 Cr | 1.81% |
| Mindspace Business Parks Reit | Bond - Corporate Bond | ₹25.07 Cr | 1.77% |
| 29/10/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹24.9 Cr | 1.75% |
| 17/12/2026 Maturing 364 DTB | Bond - Gov't/Treasury | ₹24.71 Cr | 1.74% |
| Infina Finance Pvt Ltd. ** | Cash | ₹24.5 Cr | 1.73% |
| Small Industries Dev Bank Of India | Cash - CD/Time Deposit | ₹24.45 Cr | 1.72% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.44 Cr | 1.72% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.43 Cr | 1.72% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.41 Cr | 1.72% |
| Indian Bank | Cash - CD/Time Deposit | ₹24.41 Cr | 1.72% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹24.31 Cr | 1.71% |
| Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited) | Cash - CD/Time Deposit | ₹24.3 Cr | 1.71% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.27 Cr | 1.71% |
| Sundaram Finance Limited | Cash - Commercial Paper | ₹23.9 Cr | 1.68% |
| Indian Bank | Bond - Gov't Agency Debt | ₹23.76 Cr | 1.67% |
| Canara Bank | Bond - Gov't Agency Debt | ₹23.73 Cr | 1.67% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹21.22 Cr | 1.49% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹19.58 Cr | 1.38% |
| 360 One Prime Limited | Bond - Corporate Bond | ₹15.43 Cr | 1.09% |
| Indian Bank | Cash - CD/Time Deposit | ₹14.72 Cr | 1.04% |
| Time Technoplast Limited ( Formerly Time Packaging Limited) | Cash - Commercial Paper | ₹14.57 Cr | 1.03% |
| India (Republic of) | Bond - Short-term Government Bills | ₹9.98 Cr | 0.70% |
| Time Technoplast Limited ( Formerly Time Packaging Limited) | Cash - Commercial Paper | ₹9.97 Cr | 0.70% |
| Angel One Limited | Cash - Commercial Paper | ₹9.94 Cr | 0.70% |
| Icici Securities Limited (Earlier Icici Brokerage Services Limited) | Cash - Commercial Paper | ₹9.84 Cr | 0.69% |
| Angel One Limited | Cash - Commercial Paper | ₹9.41 Cr | 0.66% |
| Fedbank Financial Services Limited | Cash - Commercial Paper | ₹4.88 Cr | 0.34% |
| Sbi Cdmdf--A2 | Mutual Fund - Unspecified | ₹1.26 Cr | 0.09% |
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - CD/Time Deposit | ₹668.78 Cr | 47.10% |
| Bond - Corporate Bond | ₹243.86 Cr | 17.17% |
| Cash - Commercial Paper | ₹204.72 Cr | 14.42% |
| Bond - Gov't/Treasury | ₹101.3 Cr | 7.13% |
| Cash | ₹45.44 Cr | 7.08% |
| Bond - Short-term Government Bills | ₹59.52 Cr | 4.19% |
| Bond - Gov't Agency Debt | ₹47.5 Cr | 3.35% |
| Cash - Repurchase Agreement | ₹47.49 Cr | 3.34% |
| Mutual Fund - Unspecified | ₹1.26 Cr | 0.09% |
Risk & Performance Ratios
Standard Deviation
This fund
0.43%
Cat. avg.
0.57%
Lower the better
Sharpe Ratio
This fund
1.91
Cat. avg.
0.88
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
2.60
Higher the better
Fund Managers
Rahul Singh
Since November 2019
PS
Pratik Shroff
Since October 2025
Additional Scheme Detailsas of 30th September 2026
ISIN INF767K01QU8 | Expense Ratio 0.25% | Exit Load No Charges | Fund Size ₹1,420 Cr | Age 6 years 10 months | Lumpsum Minimum ₹5,000 | Fund Status Open Ended Investment Company | Benchmark CRISIL Ultra Short Dur Debt A-II TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Ultra Short Duration Funds
About the AMC
LIC Mutual Fund
Total AUM
₹51,830 Cr
Address
4th Floor, Industrial Assurance Building, Mumbai, 400 020
Other Funds by LIC Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
Take control of your wealth
Related Articles
Still got questions?
We're here to help.
What is the current NAV of LIC MF Ultra Short Duration Fund Direct Growth?
The NAV of LIC MF Ultra Short Duration Fund Direct Growth, as of 19-Oct-2026, is ₹1468.81.
What are the returns of LIC MF Ultra Short Duration Fund Direct Growth?
The fund has generated 6.72% over the last 1 year and 7.22% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of LIC MF Ultra Short Duration Fund Direct Growth?
The fund's allocation of assets is distributed as 0.00% in equities, 19.08% in bonds, and 80.83% in cash and cash equivalents.
Who manages the LIC MF Ultra Short Duration Fund Direct Growth?
The fund managers responsible for LIC MF Ultra Short Duration Fund Direct Growth are:-
- Rahul Singh
- Pratik Shroff
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Pvt. Ltd. is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
