LIC MF Money Market Fund
- NAV as on 24 Sep 2026
- ₹1,285.01-0.01%1 day
- Return since launch
- 6.2%
- 52-week range
- ₹1,207.80 — ₹1,285.12
- AUM
- ₹4,216 Cr
LIC MF Money Market Fund is a Money Market debt fund from LIC Mutual Fund with ₹4,216 Cr under management, launched in 2022. Over three years it has returned 6.5% a year, against 7.0% for its category. The expense ratio is 0.39% and the SEBI riskometer reading is Low to Moderate.
Performance
LIC MF Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.4% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +0.5 pts | 6.3% | 6.7% |
| 2Y | 6.6% | 0.0 pts | 6.7% | 6.7% |
| 3Y | 6.5% | −0.5 pts | 7.0% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.7% | 0.0 pts | 1.7% | 1.6% |
| 6M | 3.7% | +0.1 pts | 3.6% | 3.6% |
| 1Y | 6.4% | +0.1 pts | 6.3% | 6.3% |
| 2Y | 6.5% | −0.4 pts | 6.9% | 7.0% |
| 3Y | 6.4% | −0.6 pts | 7.0% | 7.1% |
Since launch (28 Jul 2022): 6.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.8% | −0.7 pts | 7.5% |
| 2024 | 6.0% | −1.6 pts | 7.6% |
| 2023 | 6.2% | −1.1 pts | 7.3% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.38%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.33%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.05%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.13 | 2.50 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 2.11 | 3.56 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.49 | 0.54 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Money Market Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt99.5%
- Other0.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.04% | ₹170 Cr | +3.89% | +4.32% | — |
| ICICI Securities Ltd. | Financial | 4.01% | ₹169 Cr | +2.89% | +2.86% | +3.74% |
| Gujarat State | Construction | 3.67% | ₹155 Cr | — | +1.04% | +4.80% |
| Reserve Bank of India | Financial | 3.52% | ₹148 Cr | +2.03% | +4.03% | +1.17% |
| National Bank For Financing Infrastructure And Development | Financial | 3.44% | ₹145 Cr | +2.89% | +2.86% | — |
| Embassy Office Parks REIT | Construction | 3.43% | ₹145 Cr | +2.88% | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.41% | ₹144 Cr | +3.86% | +0.41% | +0.92% |
| Angel One Ltd. | Financial | 3.33% | ₹140 Cr | +2.04% | +1.94% | +1.43% |
| National Bank For Agriculture & Rural Development | Financial | 2.89% | ₹122 Cr | +0.97% | +0.51% | +2.33% |
| Bank Of Baroda | Financial | 2.31% | ₹97.34 Cr | +1.94% | +0.97% | +1.17% |
| Axis Bank Ltd. | Financial | 2.30% | ₹96.80 Cr | +1.97% | +1.94% | +1.13% |
| LIC Housing Finance Ltd. | Financial | 2.29% | ₹96.53 Cr | +1.92% | — | — |
| Canara Bank | Financial | 2.24% | ₹94.40 Cr | +0.97% | +0.20% | +2.34% |
| HDFC Bank Ltd. | Financial | 1.73% | ₹73.06 Cr | +0.99% | +1.50% | +3.23% |
| Punjab National Bank | Financial | 1.73% | ₹72.88 Cr | +1.94% | +0.31% | +1.38% |
| Fedbank Financial Services Ltd. | Financial | 1.15% | ₹48.44 Cr | — | — | — |
| 360 ONE Wealth Ltd. | Financial | 1.14% | ₹48.19 Cr | +0.96% | +0.95% | +0.47% |
| Sundaram Finance Ltd. | Financial | 1.13% | ₹47.55 Cr | +0.95% | — | — |
| Indian Bank | Financial | 1.12% | ₹47.27 Cr | +2.97% | +0.98% | +2.08% |
| Indostar Capital Finance Ltd. | Financial | 1.11% | ₹46.91 Cr | +1.44% | +1.42% | — |
| Others | Others | 0.77% | ₹32.47 Cr | +0.73% | +0.72% | +0.53% |
| company:6884 | Others | 0.61% | ₹25.61 Cr | — | — | — |
| UCO Bank | Financial | 0.58% | ₹24.58 Cr | +0.49% | +0.97% | — |
| Time Technoplast Ltd. | Materials | 0.35% | ₹14.86 Cr | +0.30% | +0.79% | +1.16% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bank of India | 1.67% | 0.00% | -1.67% |
| ICICI Securities Ltd. | 3.33% | 4.01% | +0.69% |
| company:6884 | 0.00% | 0.61% | +0.61% |
| ICICI Bank Ltd. | 3.91% | 4.04% | +0.13% |
| National Bank For Financing Infrastructure And Development | 3.33% | 3.44% | +0.11% |
| Embassy Office Parks REIT | 3.32% | 3.43% | +0.11% |
| Gujarat State | 3.56% | 3.67% | +0.11% |
| Reserve Bank of India | 3.41% | 3.52% | +0.11% |
| Angel One Ltd. | 3.22% | 3.33% | +0.10% |
| National Bank For Agriculture & Rural Development | 2.79% | 2.89% | +0.10% |
| Bank Of Baroda | 2.23% | 2.31% | +0.08% |
| Axis Bank Ltd. | 2.22% | 2.30% | +0.08% |
| LIC Housing Finance Ltd. | 2.21% | 2.29% | +0.08% |
| Canara Bank | 2.17% | 2.24% | +0.07% |
| Punjab National Bank | 1.66% | 1.73% | +0.07% |
| HDFC Bank Ltd. | 1.68% | 1.73% | +0.06% |
| Fedbank Financial Services Ltd. | 1.11% | 1.15% | +0.04% |
| 360 ONE Wealth Ltd. | 1.10% | 1.14% | +0.04% |
| Indostar Capital Finance Ltd. | 1.07% | 1.11% | +0.04% |
| Sundaram Finance Ltd. | 1.09% | 1.13% | +0.04% |
| Indian Bank | 1.09% | 1.12% | +0.04% |
| Small Industries Devp. Bank of India Ltd. | 2.22% | 2.25% | +0.03% |
| UCO Bank | 0.56% | 0.58% | +0.02% |
| Time Technoplast Ltd. | 0.34% | 0.35% | +0.01% |
| Others | 0.28% | 0.29% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹21,840 Cr | 0.33% | 6.8% | 7.1% | 7.1% |
 Tata Money Market Fund | ₹34,511 Cr | 0.40% | 6.7% | 7.0% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹29,877 Cr | 0.37% | 6.8% | 7.0% | 7.1% |
 Axis Money Market Fund | ₹21,405 Cr | 0.35% | 6.8% | 7.1% | 7.1% |
 UTI Money Market Fund | ₹19,468 Cr | 0.24% | 6.8% | 7.1% | 7.1% |
 Franklin India Money Market Fund | ₹3,937 Cr | 0.28% | 6.8% | 7.0% | 7.0% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income through investment in a portfolio comprising of money market instruments.
Fund managers
- Pratik Harish ShroffMr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance â IIM, CalcuttaPrior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
- Rahul SinghMr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.67% absolute | ₹60,000 | ₹62,202 | 3.67% | |
| 1 year6.38% annualised | ₹1,20,000 | ₹1,24,229 | 3.52% | |
| 3 years6.43% annualised | ₹3,60,000 | ₹3,98,023 | 10.56% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.