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LIC MF Money Market Fund

Q: What is the NAV of LIC MF Money Market Fund?

As of 20 Aug 2026, the NAV of LIC MF Money Market Fund is ₹1,296.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Money Market Fund delivered?

LIC MF Money Market Fund has returned +6.56% over 1 year, +6.80% per year over 3 years and +6.61% 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.

Q: What is the expense ratio of LIC MF Money Market Fund?

LIC MF Money Market Fund charges an expense ratio of 0.17% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF Money Market Fund?

Its largest holdings are GOVERNMENT OF INDIA 33559 GOI 30OT26 7.33 FV RS 100 (4.7%), ICICI BANK LIMITED CD 27JAN27 (4.4%), GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 (3.9%), ICICI SECURITIES LIMITED 196D CP 22OCT26 (3.9%) and INDIAN BANK CD 12JAN27 (3.8%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Money Market Fund?

It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of LIC MF Money Market Fund?

LIC MF Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Money Market Fund?

LIC MF Money Market Fund is managed by Pratik Harish Shroff and Rahul Singh at LIC.

Q: How is LIC MF Money Market Fund taxed?

LIC MF Money Market 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.

LIC Mutual Fund · Best Money Market Mutual Funds

NAV

₹1,296.50

-0.04% 1D

as of 20 Aug 2026

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NAV history

+6.56%CAGR

52-week rangePrev NAV ₹1,297.04

Latest ₹1,296.50

Low ₹1,216.7199th percentile of its 52-week rangeHigh ₹1,297.04

Scorecard

★★☆☆☆2/5 vs 24 of 26 Money Market Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How 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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Money Market Fund (same plan and option). 24 of the 26 Money Market Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +6.80% · ranks 23 of 26 Money Market Funds

RiskLow

Volatility 0.4% vs 0.4% category avg

CostLow

0.2% expense vs 0.2% category avg

ConsistencyHigh

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

Ranks #2 of 26 on 1-year return in its Money Market Fund cohort
Less volatile than its Money Market Fund peers (0.4% vs 0.4%)
Low expense ratio (0.17%) vs the Money Market Fund average of 0.19%
Consistent — positive in 100% of rolling 3-year windows

Concerns

3-year return (+6.80%) trails the Money Market Fund average (+7.35%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

Category 0.19%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category —

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

Exit Load

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Smallest recurring SIP instalment the scheme accepts

Smallest one-time (lumpsum) investment the scheme accepts

Benchmark

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Aug 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+0.65%

Absolute return over the last 3 months (not annualized)

+2.09%

Absolute return over the last 6 months (not annualized)

+3.45%

Absolute return since 1 Jan of this year (not annualized)

+4.21%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.56%

3-year annualized return (CAGR)

+6.80%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the fund's inception

+6.61%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.37%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-0.10%

Benchmark ratios

Not shown for Money Market Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Money Market Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.65%	+0.65%	0.00%
3M abs	+2.09%	+2.06%	+0.03%
6M abs	+3.45%	+3.33%	+0.12%
1Y CAGR	+6.56%	+6.43%	+0.13%
3Y CAGR	+6.80%	+7.35%	-0.55%
5Y CAGR	—	+6.57%	—

Category average across peers in Money Market Fund (up to 26 funds with data), 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.

Category rank

Vs 26 peers in Money Market Fund

1Y return

+6.56%

Beats 95.8% · rank #2

3Y return

+6.80%

Beats 0% · rank #23

5Y return

—

Sharpe

—

Sortino

—

Rolling returns

Return for every possible 1Y holding period, not just today’s

Average

+6.7%

Median

+6.8%

Best

+7.2%

Worst

+6.1%

Positive periods

100.0%

37 overlapping 1Y windows, sampled monthly across the fund’s history.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	+4.23%
2025	+7.13%
2024	+6.53%
2023	+6.70%
2022part	+2.10%

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.

Fund size over time

Quarterly average AUM · AMFI

₹5,070Cr

April - June 2026

+10%

since January - March 2026

At or near its largest, ₹5,070Cr 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹3.97L

Absolute

+10.28%

XIRR

+6.82%

Value vs. invested

36 monthly installments of ₹10,000 into LIC MF Money Market Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

978

Expense ratio

AUM

Portfolio turnover

Exit load

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Money Market Fund

Compare all


LIC MF Money Market FundThis fund LIC	★★☆☆☆	+6.56%	+6.80%	—	—	0.17%	₹5,070Cr
Tata Money Market Fund Tata	★★★★☆	+6.54%	+7.54%	+6.79%	—	0.18%	₹34,494Cr
Axis Money Market Fund Axis	★★★☆☆	+6.50%	+7.46%	+6.71%	—	0.16%	₹19,509Cr
Nippon India Money Market Fund Nippon India	★★★☆☆	+6.41%	+7.43%	+6.71%	—	0.22%	₹21,540Cr
Aditya Birla Sun Life Money Manager Fund Aditya Birla Sun Life	★★★☆☆	+6.44%	+7.42%	+6.70%	—	0.22%	₹29,121Cr
Bandhan Money Market Fund Bandhan	★★★★☆	+6.52%	+7.42%	+6.61%	—	0.10%	₹15,106Cr

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.

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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 Debt funds

Debt funds lend money to governments and companies and earn interest. They're generally steadier than equity funds; their risk comes from interest-rate moves and, for some, the creditworthiness of borrowers.

Frequently asked questions

What is the NAV of LIC MF Money Market Fund?

As of 20 Aug 2026, the NAV of LIC MF Money Market Fund is ₹1,296.50 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Money Market Fund delivered?

LIC MF Money Market Fund has returned +6.56% over 1 year, +6.80% per year over 3 years and +6.61% 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 Money Market Fund?

LIC MF Money Market Fund charges an expense ratio of 0.17% 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 Money Market Fund?

Its largest holdings are GOVERNMENT OF INDIA 33559 GOI 30OT26 7.33 FV RS 100 (4.7%), ICICI BANK LIMITED CD 27JAN27 (4.4%), GOVERNMENT OF INDIA 37449 182 DAYS TBILL 19NV26 FV RS 100 (3.9%), ICICI SECURITIES LIMITED 196D CP 22OCT26 (3.9%) and INDIAN BANK CD 12JAN27 (3.8%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Money Market Fund?

It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.4% and its worst peak-to-trough fall in our sample was -0.1%. 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 Money Market Fund?

LIC MF Money Market Fund is benchmarked against the NIFTY Money Market Index A-I. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Money Market Fund?

LIC MF Money Market Fund is managed by Pratik Harish Shroff and Rahul Singh at LIC.

How is LIC MF Money Market Fund taxed?

LIC MF Money Market 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.