This is the Direct plan of LIC MF Overnight Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
NAV history
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.
Not enough Overnight Fund peers to rank yet
Volatility 0.1% (no category average yet)
0.1% expense (no category average yet)
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Overnight Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.40% | — | — |
| 3M abs | +1.27% | — | — |
| 6M abs | +2.58% | — | — |
| 1Y CAGR | +5.26% | — | — |
| 3Y CAGR | +6.06% | — | — |
| 5Y CAGR | +5.75% | — | — |
Category average across peers in Overnight Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into LIC MF Overnight Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.92% | |
| 2025 | +5.87% | |
| 2024 | +6.72% | |
| 2023 | +6.71% | |
| 2022 | +4.71% | |
| 2021 | +3.22% | |
| 2020 | +3.42% | |
| 2019part | +1.81% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 30 Sep 2026 · AMC disclosure- Cash & Equivalents95.90%
- Debt4.10%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,054Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.
Fund Managers
RSRahul SinghStart date not disclosed
Senior Fund Manager – Debt
• Bsc. Economics Hons., • PGDM (MBA) – IIM Ahmedabad debt
Around 21 years experience in Financial Services Industry • Senior Fund Manager, Fixed Income – LIC Mutual Fund (w.e.f. 17/05/2021) • Fund Manager, Fixed Income - LIC Mutual Fund (07/09/2015 16/05/2021) • Dealer - Fixed Income - BOI AXA Investment Managers (August 2009 August 2015) • Credit Analyst – ING Investment Management (May 2008 – August 2009) • Internship – Standard Chartered Bank (April 2007 – May 2007) • Research Analyst Ashika Capital (Jan 2004 to April 2006)
ADAakash DhuliaStart date not disclosed
Fixed Income Dealer
• PGDBM Finance • BE (Computer Science)
Mr. Aakash has around 7 years of overall experience. • Fixed Income Dealer – LIC Mutual Fund Asset Management Ltd. (8th September 2023 onwards). • Debt Dealer- India First Life Insurance Co. Ltd. th (June 2021-7 September 2023) • Treasury Sales- STCI Primary Dealer Ltd (May 2019 – May 2021) • Wholesale Debt Market Dealing- Almondz Global Securities Ltd (February 2017 – May 2019)
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
LIC in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
LIC MF Short Term Fund Regular-IDCW
The Economic Times · 4d ago
LIC MF ELSS Tax Saver Fund
ClearTax · 5d ago
Relief to LIC Mutual Fund: ITAT Sets Aside PCIT's Section 263 Order for Non-speaking Order [Read Order]
Taxscan · 5d ago
LIC Mutual Fund appoints Ashis Kumar as MD & CEO, sets focus on product expansion, distribution and technology
Fortune India · 6d ago
LIC Mutual Fund appoints Ashis Kumar as MD & CEO
People Matters - HR News · 6d ago
LIC Mutual Fund announces appointment of Ashis Kumar as Managing Director and CEO
The Economic Times · 6d ago
LIC Mutual Fund appoints Ashis Kumar as MD and CEO
afaqs! · 6d ago
LIC Mutual Fund appoints Ashis Kumar as Managing Director and CEO
Moneycontrol.com · 6d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Overnight funds
Overnight funds hold securities maturing the very next day, making them the lowest-risk debt category. They're a place to park cash for a few days with almost no interest-rate risk.
Frequently asked questions
What is the NAV of LIC MF Overnight Fund?
As of 04 Oct 2026, the NAV of LIC MF Overnight Fund is ₹1,433.00 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has LIC MF Overnight Fund delivered?
LIC MF Overnight Fund has returned +5.26% over 1 year, +6.06% per year over 3 years, +5.75% per year over 5 years and +5.11% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of LIC MF Overnight Fund?
LIC MF Overnight Fund charges an expense ratio of 0.10% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of LIC MF Overnight Fund?
LIC MF Overnight Fund's largest holdings are 91 DAYS TBILL RED 01-10-2026 (1.2%), 91 DAYS TBILL RED 08-10-2026 (1.2%), 364 DAYS TBILL RED 08-10-2026 (0.8%) and 91 DAYS TBILL RED 22-10-2026 (0.8%). Holdings are disclosed monthly and change over time.
How risky is LIC MF Overnight Fund?
LIC MF Overnight Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.1% and its worst peak-to-trough fall in our sample was 0.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of LIC MF Overnight Fund?
LIC MF Overnight Fund is benchmarked against the NIFTY 1D Rate Index. Its alpha and beta on this page are measured against that index.
Who manages LIC MF Overnight Fund?
LIC MF Overnight Fund is managed by Rahul Singh and Aakash Dhulia at LIC.
How is LIC MF Overnight Fund taxed?
LIC MF Overnight Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.