LIC MF Dividend Yield Fund
NAV : ₹ 31.516 as of 13 December, 2024
3Y Returns
▲22.04%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,75,796 (+20.17%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Inclusive of GST
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.
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LIC MF Dividend Yield Fund Managers
Dikshit Mittal
Dec 2022 - Present
List of LIC Mutual Fund’s top performing schemes
Fund House
LIC Mutual Fund
Total AUM: 29868.98Cr
LIC Mutual Fund was established in April, 1989, by Life Insurance Corporation of India, the world's largest life insurer. LIC Mutual Fund has a significant ownership of 45% held by LIC of India, making it the principal shareholder in LIC Mutual Fund Asset Management. Other noteworthy stakeholders in this Asset Management Company (AMC) include LIC Housing Finance (39.30%), GIC Housing Finance (11.70%), and Union Bank of India (4%).
Registered with SEBI in 1994, LIC Mutual Fund has a rich history of almost 30 years in effectively managing investors' funds. As of December 2023, the fund house boasts total assets under management (AUM) amounting to approximately Rs. 26058 crores.
Learn more about LIC Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for LIC MF Dividend Yield Fund
How to start an SIP in LIC MF Dividend Yield Fund?
To start an SIP in LIC MF Dividend Yield Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for LIC MF Dividend Yield Fund.
3. On the LIC MF Dividend Yield Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.
This simplified process helps you start your SIP quickly and efficiently.
How to invest in LIC MF Dividend Yield Fund?
To invest in LIC MF Dividend Yield Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for LIC MF Dividend Yield Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank’s e-banking page.
Your order will be successfully placed upon payment confirmation.
How do I automate an SIP in LIC MF Dividend Yield Fund?
To automate an SIP in LIC MF Dividend Yield Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the LIC MF Dividend Yield Fund automatically, ensuring consistent contributions without manual intervention.
How can I withdraw/redeem my investment in LIC MF Dividend Yield Fund?
To withdraw or redeem your investment in LIC MF Dividend Yield Fund:
1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the LIC MF Dividend Yield Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.
This streamlined process will help you redeem your investment quickly.
What is the NAV of LIC MF Dividend Yield Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of LIC MF Dividend Yield Fund is ₹31.52
What is the AUM of LIC MF Dividend Yield Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of LIC MF Dividend Yield Fund is ₹463.64 Cr.
What is the minimum SIP amount for LIC MF Dividend Yield Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of LIC MF Dividend Yield Fund is ₹200
What is the Expense Ratio of LIC MF Dividend Yield Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of LIC MF Dividend Yield Fund is 2.46%
What is the Exit load of LIC MF Dividend Yield Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of LIC MF Dividend Yield Fund is Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months..
