LIC MF Ultra Short Duration Fund Direct Growth

Fund Overview

Fund Size

₹509 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, 9 months and 1 days, having been launched on 27-Nov-19.
As of 27-Aug-26, it has a Net Asset Value (NAV) of ₹1455.69, Assets Under Management (AUM) of 508.91 Crores, and an expense ratio of 0.25%.

LIC MF Ultra Short Duration Fund Direct Growth has given a CAGR return of 5.72% since inception.
The fund's asset allocation comprises around 0.00% in equities, 9.76% in debts, and 90.04% 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

+6.68%

+5.75% (Cat Avg.)

3 Years

+7.23%

+6.70% (Cat Avg.)

5 Years

+6.26%

+6.04% (Cat Avg.)

Since Inception

+5.72%

— (Cat Avg.)

Portfolio Summaryas of 15th August 2026

Debt	₹49.66 Cr	9.76%
Others	₹459.25 Cr	90.24%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Export-Import Bank Of India	Cash - CD/Time Deposit	₹44.33 Cr	7.19%
National Bank For Agriculture And Rural Development	Cash - CD/Time Deposit	₹43.66 Cr	7.08%
Treps	Cash - Repurchase Agreement	₹34 Cr	5.52%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹26.79 Cr	4.34%
7.4% Madhyapradesh Sdl 2026	Bond - Gov't/Treasury	₹25.59 Cr	4.15%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹25.34 Cr	4.11%
29/10/2026 Maturing 364 DTB	Bond - Gov't/Treasury	₹24.74 Cr	4.01%
HDFC Bank Limited	Cash - CD/Time Deposit	₹24.61 Cr	3.99%
Indian Bank	Cash - CD/Time Deposit	₹24.52 Cr	3.98%
Punjab National Bank	Cash - CD/Time Deposit	₹24.47 Cr	3.97%
Axis Bank Limited	Cash - CD/Time Deposit	₹24.46 Cr	3.97%
Canara Bank	Cash - CD/Time Deposit	₹24.46 Cr	3.97%
Icici Securities Limited (Earlier Icici Brokerage Services Limited)	Cash - Commercial Paper	₹24.12 Cr	3.91%
Kotak Mahindra Bank Limited (Formerly Kotak Mahindra Finance Limited)	Cash - CD/Time Deposit	₹24.12 Cr	3.91%
Sundaram Finance Limited	Cash - Commercial Paper	₹23.74 Cr	3.85%
Small Industries Development Bank Of India	Cash - CD/Time Deposit	₹19.7 Cr	3.20%
HDFC Bank Limited	Cash - CD/Time Deposit	₹19.58 Cr	3.18%
Axis Bank Ltd.	Bond - Corporate Bond	₹19.53 Cr	3.17%
Bank Of Baroda	Cash - CD/Time Deposit	₹19.42 Cr	3.15%
360 One Prime Limited	Bond - Corporate Bond	₹15.29 Cr	2.48%
Bank of Baroda	Bond - Corporate Bond	₹14.92 Cr	2.42%
Bajaj Finance Limited	Cash - Commercial Paper	₹14.78 Cr	2.40%
Indian Bank	Cash - CD/Time Deposit	₹14.6 Cr	2.37%
Time Technoplast Limited	Cash - Commercial Paper	₹14.44 Cr	2.34%
Net Receivables / (Payables)	Cash	₹-14.34 Cr	2.33%
India (Republic of)	Bond - Short-term Government Bills	₹9.92 Cr	1.61%
Time Technoplast Limited ( Formerly Time Packaging Limited)	Cash - Commercial Paper	₹9.87 Cr	1.60%
Angel One Limited	Cash - Commercial Paper	₹9.85 Cr	1.60%
Icici Securities Limited	Cash - Commercial Paper	₹9.76 Cr	1.58%
Angel One Limited	Cash - Commercial Paper	₹9.33 Cr	1.51%
HDFC Bank Limited	Cash - CD/Time Deposit	₹4.85 Cr	0.79%
Fedbank Financial Services Limited	Cash - Commercial Paper	₹4.83 Cr	0.78%
Sbi Cdmdf--A2	Mutual Fund - Unspecified	₹1.25 Cr	0.20%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Cash - CD/Time Deposit	₹312.76 Cr	50.73%
Cash - Commercial Paper	₹120.71 Cr	19.58%
Bond - Corporate Bond	₹101.87 Cr	16.52%
Bond - Gov't/Treasury	₹50.33 Cr	8.16%
Cash - Repurchase Agreement	₹34 Cr	5.52%
Cash	₹-14.34 Cr	2.33%
Bond - Short-term Government Bills	₹9.92 Cr	1.61%
Mutual Fund - Unspecified	₹1.25 Cr	0.20%

Risk & Performance Ratios

Fund Managers

Rahul Singh

Since November 2019

Pratik Shroff

Since October 2025

Additional Scheme Detailsas of 15th August 2026

ISIN

INF767K01QU8

Expense Ratio

0.25%

Exit Load

No Charges

Fund Size

₹509 Cr

Age

6 years 9 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

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Edelweiss Ultra Short Term Fund Regular Growth Low to Moderate Risk	-	0.0%	-	-
Edelweiss Ultra Short Term Fund Direct Growth Low to Moderate Risk	-	0.0%	-	-
Franklin India Ultra Short Duration Fund Regular Growth Moderate Risk	0.7%	0.0%	₹288.69 Cr	6.0%
Franklin India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹288.69 Cr	6.5%
Invesco India Ultra Short Term Fund Direct Growth Moderate Risk	0.2%	0.0%	₹1073.02 Cr	6.7%
Motilal Oswal Ultra Short Term Fund Regular Growth Low to Moderate Risk	1.2%	0.0%	₹515.50 Cr	5.3%
Motilal Oswal Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹515.50 Cr	6.2%
ITI Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.9%	0.0%	₹162.51 Cr	5.7%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹162.51 Cr	6.5%
Sundaram Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2284.29 Cr	6.5%
Nippon India Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹11658.55 Cr	6.9%
Kotak Savings Fund Direct Growth Moderate Risk	0.4%	0.0%	₹15707.88 Cr	6.5%
Tata Ultra Short Term Fund Direct Growth Moderate Risk	0.3%	0.0%	₹6377.77 Cr	6.9%
Tata Ultra Short Term Fund Regular Growth Moderate Risk	1.1%	0.0%	₹6377.77 Cr	6.0%
ICICI Prudential Ultra Short Term Fund Regular Growth Moderate Risk	0.8%	0.0%	₹15455.22 Cr	6.2%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Direct Growth Moderate Risk	0.4%	0.0%	-	195.1%
Nippon India Ultra Short Duration Fund Segregated Portfolio 1 Regular Growth Moderate Risk	1.2%	0.0%	-	195.1%
WhiteOak Capital Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹551.52 Cr	5.8%
WhiteOak Capital Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹551.52 Cr	6.3%
DSP Ultra Short Fund Regular Growth Moderate Risk	1.0%	0.0%	₹4456.08 Cr	5.9%
Mirae Asset Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹1915.66 Cr	6.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1915.66 Cr	6.7%
UTI Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹3444.00 Cr	6.6%
Aditya Birla Sun Life Savings Fund Direct Growth Moderate Risk	0.3%	0.0%	₹18189.19 Cr	6.6%
Bank of India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹167.74 Cr	6.5%
SBI Magnum Ultra Short Duration Fund Direct Growth Moderate Risk	0.3%	0.0%	₹11164.66 Cr	6.4%
HSBC Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3321.80 Cr	6.5%
HSBC Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹3321.80 Cr	6.4%
Bandhan Ultra Short Term Fund Regular Growth Low to Moderate Risk	0.4%	0.0%	₹4204.82 Cr	6.3%
Bandhan Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4204.82 Cr	6.5%
ICICI Prudential Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹15455.22 Cr	6.7%
Canara Robeco Ultra Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹579.78 Cr	6.5%
DSP Ultra Short Fund Direct Growth Moderate Risk	0.3%	0.0%	₹4456.08 Cr	6.7%
PGIM India Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹176.18 Cr	6.3%
Axis Ultra Short Term Fund Regular Growth Moderate Risk	1.3%	0.0%	₹5907.80 Cr	5.8%
Axis Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5907.80 Cr	6.7%
Sundaram Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.3%	0.0%	₹2284.29 Cr	5.2%
Aditya Birla Sun Life Savings Fund Regular Growth Moderate Risk	0.5%	0.0%	₹18189.19 Cr	6.3%
Kotak Savings Fund Regular Growth Moderate Risk	0.8%	0.0%	₹15707.88 Cr	6.0%
Invesco India Ultra Short Term Fund Regular Growth Moderate Risk	0.7%	0.0%	₹1073.02 Cr	6.1%
SBI Magnum Ultra Short Duration Fund Regular Growth Moderate Risk	0.6%	0.0%	₹11164.66 Cr	6.2%
Bank of India Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹167.74 Cr	5.9%
HDFC Ultra Short Term Fund Regular Growth Moderate Risk	0.7%	0.0%	₹16677.73 Cr	6.0%
HDFC Ultra Short Term Fund Direct Growth Moderate Risk	0.4%	0.0%	₹16677.73 Cr	6.4%
Mahindra Manulife Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹204.86 Cr	6.6%
Mahindra Manulife Ultra Short Duration Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹204.86 Cr	6.2%
Nippon India Ultra Short Duration Fund Regular Growth Moderate Risk	0.9%	0.0%	₹11658.55 Cr	6.2%
UTI Ultra Short Term Fund Regular Growth Moderate Risk	1.0%	0.0%	₹3444.00 Cr	5.9%
LIC MF Ultra Short Duration Fund Regular Growth Low to Moderate Risk	1.4%	0.0%	₹508.91 Cr	5.8%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹508.91 Cr	6.7%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹49,406 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Technology Fund Direct Growth Very High Risk	1.1%	1.0%	₹92.79 Cr	-
LIC MF Consumption Fund Direct Growth Very High Risk	1.1%	1.0%	₹478.56 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	1.1%	1.0%	₹978.04 Cr	12.9%
LIC MF Manufacturing Fund Direct Growth Very High Risk	1.5%	1.0%	₹782.04 Cr	20.3%
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	1.9%	1.0%	₹3132.53 Cr	6.9%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.5%	1.0%	₹540.08 Cr	6.5%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹175.62 Cr	5.8%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	2.2%	1.0%	₹1074.74 Cr	12.7%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹45.50 Cr	4.6%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1869.28 Cr	5.7%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹1387.49 Cr	-1.1%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1747.89 Cr	6.5%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.7%	0.0%	₹92.62 Cr	-4.4%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹370.79 Cr	-2.1%
LIC MF Infrastructure Fund Direct Growth Very High Risk	1.4%	1.0%	₹1144.81 Cr	16.4%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.1%	0.0%	₹16809.20 Cr	6.5%
LIC MF ELSS Direct Growth Very High Risk	1.2%	0.0%	₹1030.39 Cr	0.1%
LIC MF Gold ETF FOF Direct Growth High Risk	0.3%	1.0%	₹775.01 Cr	53.8%
LIC MF Equity Savings Fund Direct Growth Moderate Risk	2.0%	1.0%	₹37.69 Cr	5.2%
LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹110.60 Cr	12.2%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹128.19 Cr	6.0%
LIC MF Arbitrage Fund Direct Growth Low Risk	1.1%	0.0%	₹265.17 Cr	6.4%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	1.7%	1.0%	₹685.96 Cr	5.9%
LIC MF Focused 30 Equity Direct Growth Very High Risk	2.9%	1.0%	₹172.68 Cr	4.6%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.9%	1.0%	₹261.47 Cr	24.0%
LIC MF Healthcare Fund Direct Growth Very High Risk	1.4%	1.0%	₹97.66 Cr	18.4%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹758.09 Cr	20.5%
LIC MF Conservative Hybrid Fund Direct Growth Moderate Risk	1.6%	1.0%	₹46.99 Cr	5.8%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹375.90 Cr	11.9%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.7%	1.0%	₹269.81 Cr	8.6%
LIC MF Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4332.12 Cr	6.6%
LIC MF Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹662.06 Cr	5.3%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹2130.39 Cr	14.4%
LIC MF Dividend Yield Fund Direct Growth Very High Risk	1.0%	1.0%	₹730.55 Cr	11.8%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹508.91 Cr	6.7%

Risk Level

Your principal amount will be at Low to Moderate Risk

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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 27-Aug-2026, is ₹1455.69.

What are the returns of LIC MF Ultra Short Duration Fund Direct Growth?

The fund has generated 6.68% over the last 1 year and 7.23% 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, 9.76% in bonds, and 90.04% 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

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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LIC MF Ultra Short Duration Fund Direct Growth

Fund Overview