LIC MF Short Term Fund

Short DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

LIC MF Short Term Fund is a Short Duration fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹122 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.3% a year and its Regular plan returned 6.3% a year.

NAV (Direct plan): ₹16.64; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹15.40; ▲ 0.01%30-10-2026
Expense ratio: 0.36%Direct1.14%Regular; 0.36%; A year
Riskometer: Moderate; Set by the fund house
3 year return: 7.3%Direct6.3%Regular; 7.3%; A year

LIC MF Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹16.64 (up 0.02% that day); Regular Plan Growth ₹15.40 (up 0.01% that day).

This fund (Direct plan)

₹16.6426

LIC MF Short Term Fund Returns vs Short Duration Funds

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−0.22%	+0.23%	+2.59%	+4.52%	+7.29%	+6.23%	--
This fund (Regular)	−0.28%	+0.04%	+2.19%	+3.66%	+6.30%	+5.20%	--
Short Duration average	−0.14%	+0.30%	+2.50%	+4.11%	+6.88%	+6.62%	--
Best in Short Duration	+0.11%	+0.75%	+3.17%	+5.54%	+7.64%	+10.75%	--
Worst in Short Duration	−0.34%	−0.09%	+2.15%	−3.88%	−1.14%	+6.01%	--
Rank in Short Duration	20/25	12/24	6/24	10/23	9/23	15/20	--

Category rows compare the Direct plans of 25 Short Duration funds. Rank 1 is the highest return. This fund's benchmark is CRISIL Short Duration Debt A-II Index. Returns of that index are not available to us, so the category average is the comparison.

LIC MF Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+3.74%	+3.06%
2025	+8.07%	+7.03%
2024	+8.49%	+7.44%
2023	+7.29%	+6.20%
2022	+3.11%	+2.03%
2021	+3.29%	+2.21%

LIC MF Short Term Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 1,145 periods, one for each trading day from 04-02-2022 to 30-10-2026.

0%2%4%6%8%10%

Jun 2019
to
Jun 2022Apr 2020
to
Apr 2023Jan 2021
to
Jan 2024Nov 2021
to
Nov 2024Sept 2022
to
Sept 2025Jun 2023
to
Jun 2026

LIC MF Short Term Fund (Direct)Category average, 25 Short Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	1,630	7.1%	1.8%	11.2%	0%	7.1%	52%
2 years	1,386	7.1%	3.0%	9.2%	0%	7.1%	47%
3 years	1,145	6.0%	4.3%	8.2%	0%	6.4%	39%
5 years	661	6.3%	6.0%	6.8%	0%	6.6%	0%
7 years	177	6.7%	6.3%	7.1%	0%	6.8%	44%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	81	7.0%	0.9%	11.6%	0%	6.8%	58%
2 years	69	6.4%	2.5%	9.8%	0%	6.7%	46%
3 years	57	6.5%	3.8%	9.0%	0%	6.4%	46%
5 years	33	6.9%	5.8%	7.4%	0%	6.8%	27%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

LIC MF Short Term Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	LIC MF Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+4.52%	+4.16%
Standard deviation	1.30%	1.17%
Sharpe ratio	-0.56	-0.93
Sortino ratio	-0.83	-1.23
Maximum drawdown	−0.76% (02-04-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.29%	+6.89%
Standard deviation	1.01%	0.97%
Sharpe ratio	1.24	0.89
Sortino ratio	1.95	1.27
Maximum drawdown	−0.76% (02-04-2026)	−0.75% (02-04-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.23%	+6.33%
Standard deviation	0.96%	1.01%
Sharpe ratio	0.45	0.52
Sortino ratio	0.65	0.75
Maximum drawdown	−1.1% (09-05-2022)	−0.98% (06-05-2022)

From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	LIC MF Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.82%	+6.72%
Standard deviation	1.32%	1.44%
Sharpe ratio	1.23	1.06
Sortino ratio	2.06	1.63
Maximum drawdown	−2.3% (23-03-2020)	−2.3% (23-03-2020)

From daily NAVs, 04-02-2019 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−2.5%−2%−1.5%−1%−0.5%0%

2020202120222023202420252026

LIC MF Short Term Fund (Direct)Category average, 25 Short Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
LIC MF Short Term Fund (Direct)	−2.3%	06-03-2020	23-03-2020	17-04-2020	25 days	−0.33%
Category average	−2.3%	06-03-2020	23-03-2020	31-03-2020	8 days	−0.28%

From the Direct plan's daily NAV since 04-02-2019, adjusted for unit splits, and the average of the 25 Short Duration funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

LIC MF Short Term Fund vs Other Short Duration Funds

The five Short Duration funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Bandhan Short Term Fund	1/23	8,680	0.39%	+5.54%	+7.64%	--	--	1.61	2.54	Compare
Axis Short Term Fund	2/23	7,425	0.40%	+4.82%	+7.58%	--	--	1.63	2.53	Compare
Mahindra Manulife Short Term Fund	3/23	79	0.33%	+4.78%	+7.49%	--	--	1.56	2.36	Compare
Bank of India Short Term Fund	4/23	259	0.54%	+4.34%	+7.48%	--	--	1.01	2.34	Compare
ICICI Prudential Short Term Fund	4/23	18,890	0.45%	+4.92%	+7.48%	--	--	1.55	2.34	Compare
LIC MF Short Term Fund	9/23	122	0.36%	+4.52%	+7.29%	--	--	1.24	1.95

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

LIC MF Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Short Duration median	Cost rank (1 = cheapest)
Direct	0.30%	0.01%	0.00%	0.05%	0.36%	0.37%	9/25
Regular	1.00%	0.01%	0.00%	0.13%	1.14%	0.99%	23/25

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Short Duration funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	3.66%	4.52%	0.86%	₹1,03,660	₹1,04,520
3 years	6.30%	7.29%	0.99% a year	₹1,20,116	₹1,23,503
5 years	5.20%	6.23%	1.03% a year	₹1,28,848	₹1,35,281

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

LIC MF Short Term Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 04-02-2019 to 30-10-2026: 93 instalments, ₹9,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planLIC MF Short Term Fund (Direct)	₹9,30,000	₹11,96,797	₹2,66,797	6.4%
Regular planLIC MF Short Term Fund (Regular)	₹9,30,000	₹11,49,290	₹2,19,290	5.4%
Category averageCategory average, 25 Short Duration funds	₹9,30,000	₹11,97,662	₹2,67,662	6.4%

₹0₹5.0 L₹10.0 L₹15.0 L

2020202120222023202420252026

Direct planLIC MF Short Term Fund (Direct)Regular planLIC MF Short Term Fund (Regular)Category averageCategory average, 25 Short Duration fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

LIC MF Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

95.8%Debt

Asset	Fund	Category
Debt	95.8%	92.0%
Cash and others	4.2%	8.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Short Duration funds.

Rating	Fund	Category
Sovereign	17.0%	11.4%
AAA and A1+	70.3%	71.2%
AA	8.5%	9.4%

LIC MF Short Term Fund Portfolio Holdings

As on 30-09-2026 · 17 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
7.45% Bharti Telecom Ltd. · Bond	CRISIL AAA	8.56%
7.65% State Government of Karnataka · State government security	SOVEREIGN	8.51%
8.95% 360 One Prime Ltd. · Bond	ICRA AA	8.46%
7.49% National Highways Authority of India · Bond	CRISIL AAA	8.33%
6.61% Power Finance Corporation Ltd. · Bond	CRISIL AAA	8.27%
7.48% National Bk for Agriculture & Rural Dev. · Bond	CRISIL AAA	8.20%
7.34% Small Industries Development Bk of India · Bond	CRISIL AAA	8.14%
HDFC Bank Ltd. · Certificate of deposit	CRISIL A1+	7.99%
8.1% Aditya Birla Housing Finance Ltd. · Bond	ICRA AAA	4.25%
7.37% Indian Railway Finance Corporation Ltd. · Bond	CRISIL AAA	4.22%
8.14% Nuclear Power Corporation · Bond	CRISIL AAA	4.20%
6.94% Government of India · Government security	SOVEREIGN	4.15%
8.13% Nuclear Power Corporation · Bond	CRISIL AAA	4.15%
6.78% State Government of Maharashtra · State government security	SOVEREIGN	4.11%
Punjab National Bank · Certificate of deposit	CRISIL A1+	3.99%
SBI CDMDF--A2		0.61%
Government of India · Government security	SOVEREIGN	0.27%

LIC MF Short Term Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
LIC MF Medium to Long Term FundMedium to Long Duration · LIC	28.2%	6	Compare
JM Dynamic Term FundDynamic Bond · JM Financial	19.2%	4	Compare
TRUSTMF Corporate Bond FundCorporate Bond · Trust	13.0%	3	Compare
TRUSTMF Short Term FundShort Duration · Trust	12.9%	3	Compare
Sundaram Corporate Bond FundCorporate Bond · Sundaram	12.7%	4	Compare
Edelweiss Banking and PSU Debt FundBanking & PSU · Edelweiss	12.0%	4	Compare
Tata CRISIL IBX Financial Services 3 6 Months Debt Index FundIndex · Tata	11.6%	2	Compare
JM Medium to Long Term FundMedium to Long Duration · JM Financial	11.3%	3	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

LIC MF Short Term Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.36%
Expense ratio (Regular): 1.14%
Category: Short Duration
Risk: Moderate
Benchmark: CRISIL Short Duration Debt A-II Index
Launch date: 01-02-2019
Minimum investment: ₹5,000
Minimum additional investment: ₹500
AUM: ₹121.62 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 145954
ISIN (Direct): INF767K01PW6
Scheme code (Regular): 145952
ISIN (Regular): INF767K01PT2
NAV history: From 04-02-2019, 7.7 years

Exit load: Nil

Tax on LIC MF Short Term Fund returns

LIC MF Short Term Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹16.6426	30-10-2026
direct	IDCW	₹16.6426	30-10-2026
direct	Monthly IDCW	₹16.6403	30-10-2026
direct	Weekly IDCW	₹16.6422	30-10-2026
regular	Growth	₹15.4032	30-10-2026
regular	IDCW	₹15.4032	30-10-2026
regular	Monthly IDCW	₹14.9036	30-10-2026
regular	Weekly IDCW	₹12.7556	30-10-2026

About LIC MF Short Term Fund

LIC MF Short Term Fund is a mutual fund from LIC Mutual Fund. Its category is Short Duration. It was launched on 01-02-2019. Its benchmark is CRISIL Short Duration Debt A-II Index. At the end of September 2026 it held 17 securities.

Fund Manager

Pratik Harish Shroff
Fund manager of LIC MF Short Term Fund, since 26-09-2023
Rahul Singh
Fund manager of LIC MF Short Term Fund, since 01-10-2025

See all funds of LIC Mutual Fund

AUM change

September 2026: ₹121.62 Cr; −1.95% from August 2026
August 2026: ₹124.04 Cr; −3.24% from July 2026
July 2026: ₹128.19 Cr; −0.33% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare LIC MF Short Term Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

LIC MF Short Term vs Bandhan Short TermShort Duration
LIC MF Short Term vs Axis Short TermShort Duration
LIC MF Short Term vs Mahindra Manulife Short TermShort Duration
LIC MF Short Term vs Bank of India Short TermShort Duration
LIC MF Short Term vs ICICI Prudential Short TermShort Duration
LIC MF Short Term vs LIC MF Medium to Long Term28.2% overlap
LIC MF Short Term vs JM Dynamic Term19.2% overlap
LIC MF Short Term vs TRUSTMF Corporate Bond13.0% overlap

Compare with any other fund

Frequently Asked Questions for LIC MF Short Term Fund

What is the current NAV of LIC MF Short Term Fund?

The Direct plan NAV is ₹16.6426. The Regular plan NAV is ₹15.4032, as on 30-10-2026.

What are the returns of LIC MF Short Term Fund?

The Direct plan returned +4.52% in 1 year, +7.29% a year over 3 years, +6.23% a year over 5 years. The Regular plan returned +3.66% in 1 year, +6.30% a year over 3 years, +5.20% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of LIC MF Short Term Fund?

The Direct plan charges 0.36% a year. The Regular plan charges 1.14% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of LIC MF Short Term Fund?

LIC MF Short Term Fund managed ₹121.62 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of LIC MF Short Term Fund?

At the end of September 2026 the largest holdings were 7.45% Bharti Telecom Ltd. (8.56%), 7.65% State Government of Karnataka (8.51%), 8.95% 360 One Prime Ltd. (8.46%), 7.49% National Highways Authority of India (8.33%), 6.61% Power Finance Corporation Ltd. (8.27%). The fund held 17 securities in all.

How do I invest in LIC MF Short Term Fund?

Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of LIC MF Short Term Fund?

Pratik Harish Shroff (since 26-09-2023), Rahul Singh (since 01-10-2025).

What is the exit load of LIC MF Short Term Fund?

Nil

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.