An open-ended debt scheme predominantly investing in Debt Instruments of Banks,

Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.

A Relatively High Interest Rate Risk and Relatively Low Credit Risk.

SCHEME FEATURES INVESTMENT OBJECTIVE

The primary investment objective of the Scheme is to seek to generate income and capital appreciation by
Scheme Type: An open ended debt scheme primarily investing in a portfolio of high quality debt and money market securities that are issued by banks,
predominantly investing in debt instruments of public sector undertakings, public financial institutions and Municipal Bonds. There is no assurance that the
banks, public sector undertakings, public financial investment objective of the Scheme will be realized.
institutions and municipal bonds.
(A Relatively High interest rate risk and Relatively PORTFOLIO AS ON 31.12.2021
Low Credit Risk)
Company Rating % of NAV Company Rating % of NAV
Corporate Debt Certificate of Deposit
Date of Allotment: May 31, 2007
Non-Convertible Debentures HDFC Bank Ltd. CARE A1+ 6.33%
Fund Size: Indian Railway Finance Corporation Ltd.CRISIL AAA 8.85% Axis Bank Ltd. CRISIL A1+ 6.03%
AUM as on 31/12/2021: ₹ 1,570.88 Cr National Housing Bank CRISIL AAA 8.01% Kotak Mahindra Bank Ltd. CRISIL A1+ 1.56%
Average AUM for December 2021:₹ 1,651.14 Cr NTPC Ltd. CRISIL AAA 5.09% Certificate of Deposit Total 13.92%
Power Finance Corporation Ltd. CRISIL AAA 5.05%
Commercial Paper
Load Structure: Indian Oil Corporation Ltd. CRISIL AAA 4.48%
Entry Load: Nil Exit Load: Nil NABARD CRISIL A1+ 6.35%
Power Grid Corporation of India Ltd. CRISIL AAA 4.45%
Commercial Paper Total 6.35%
Reliance Industries Ltd. CRISIL AAA 3.95%
First Tier Benchmark: Nifty Banking and PSU Money Market Instruments Total 20.27%
Debt Index Housing & Urban Devl Co. Ltd. FITCH AAA 3.28%
Government Bond & Treasury Bill
Hindustan Petroleum Co. Ltd. CRISIL AAA 3.26%
Government Bond
Minimum Investment (lumpsum): ₹ 5,000/- REC Ltd. CRISIL AAA 1.71%
5.63% Govt Of India Red 12-04-2026 SOV 5.39%
Housing & Urban Devl Co. Ltd. ICRA AAA 1.67%
Fund Manager: 6.10% Govt Of India Red 12-07-2031 SOV 1.92%
Housing & Urban Devl Co. Ltd. CARE AAA 1.66%
Name: Mr. Marzban Irani Government Bond Total 7.30%
NABARD CRISIL AAA 1.60%
Experience: 20+ years
Treasury Bill
Oil & Natural Gas Co. Ltd. ICRA AAA 1.60%
Export Import Bank of India CRISIL AAA 1.00% 91 Days Tbill Red 20-01-2022 SOV 10.33%
NAV as on December 31, 2021:
NABARD ICRA AAA 0.67% 182 Days Tbill Red 03-02-2022 SOV 3.17%
NAV Regular Plan Direct Plan
HDFC Ltd. CRISIL AAA 0.26% Treasury Bill Total 13.50%
Growth ₹ 28.1106 ₹ 29.7684
Daily IDCW ₹ 10.8065 ₹ 12.0449 Non-Convertible Debentures Total 56.57% Government Bond & Treasury Bill Total 20.80%

Weekly IDCW ₹ 10.0549 ₹ 10.0562 Corporate Debt Total 56.57% Cash & Other Receivables 2.36%
Monthly IDCW ₹ 10.5207 ₹ 11.2112 Money Market Instruments Grand Total 100.00%

Expense Ratio: SCHEME PERFORMANCE

Regular: 0.83%; Direct: 0.28%
(for detailed bifurcation on TER, please see page no 36) Value of lumpsum investment of ₹ 10,000/-
CAGR (%)
Period invested on inception date

Portfolio Metrics: Nifty Banking & CRISIL 10 year Nifty Banking & CRISIL 10 year
Scheme Scheme
PSU Debt Index* Gilt Index** PSU Debt Index* Gilt Index**
Average Maturity 1.18 years
Macaulay Duration 1.08 years 1 Year 2.57 4.18 1.35 10,257 10,418 10,135
Modified Duration 1.04 years 3 Years 6.94 8.05 6.94 12,233 12,616 12,232
YTM 4.38 % 6.83 7.07 5.32 13,918 14,079 12,963
5 Years
Since Inception 7.34 8.32 6.79 28,111 32,093 26,102
st
Above returns are as on 31 December, 2021. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
MATURITY PROFILE (% of NAV) option. Mr. Marzban Irani is managing the above scheme from 10th August, 2016 and total no. of schemes managed by him is 10. Past performance may or may not be
sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *First
Tier Benchmark, ** Additional Benchmark.

> 365 Days 43.65% Income Distribution cum Capital Withdrawal (IDCW) History
Up to 91 days 33.92% Frequency Ex Date Face Value (₹) Ex NAV (₹) Gross IDCW (₹) / Unit
Daily * January,2021 0.0222
> 91 days up to 365 Days 20.07% November,2021 0.0079
December,2021 0.0114
Cash & Other Receivables 2.36%
Daily Direct * October,2020 0.0977
November,2020 0.0707
December,2020 0.0062
RATING PROFILE (% of NAV) Weekly * September,2021 0.0050
November,2021 0.0301
76.84% December,2021 0.0105
AAA/ A1+ and Equivalent August, 2021 0.0518
Weekly Direct *
20.80%
November, 2021 0.0143
Sovereign
December, 2021 0.0143
Cash & Other Receivables 2.36% Sept 27, 2021 10.0000 10.5650 0.0600
Monthly
Oct 25, 2021 10.0000 10.5138 0.0600
Nov 25, 2021 10.0000 10.4968 0.0400
Monthly Direct Oct 28, 2020 10.0000 10.8833 0.0600
Nov 25, 2020 10.0000 10.8985 0.0600
Dec 29, 2020 10.0000 10.8637 0.0600
* IDCW under Daily and Weekly Plan are cumulative IDCW declared during the month. After payment of the IDCW, the per Unit NAV falls to the extent of the payout and
statutory levy (if applicable). There is no guarantee or assurance to the unitholders as to the rate/quantum of neither IDCW nor that the IDCWs be paid regularly. For
complete IDCW history please visit www.licmf.com.

29 Factsheet January, 2022

 An Open Ended Liquid Scheme. A Relatively Low Interest Rate Risk and Moderate Credit Risk.

SCHEME FEATURES INVESTMENT OBJECTIVE

Scheme Type: An open-ended liquid scheme
(A Relatively Low interest rate risk and moderate
Credit Risk)
An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through
judicious mix of investment in money market instruments and quality debt instruments. However, there is no
assurance that the investment objective of the Schemes will be realized.

Date of Allotment: March 18, 2002 PORTFOLIO AS ON 31.12.2021

Company Rating % of NAV
Fund Size:
AUM as on 31/12/2021: ₹ 7,380.62 Cr Money Market Instruments
Average AUM for December 2021: ₹ 6,651.51 Cr Certificate of Deposit
National Bk for Agriculture & Rural Dev. CRISIL A1+ 3.71%
Axis Bank Ltd. CRISIL A1+ 0.34%
Load Structure:
Certificate of Deposit Total 4.05%
Entry Load: Nil
Exit Load: Commercial Paper

Investor exit upon Exit load as a % of National Bk for Agriculture & Rural Dev. CRISIL A1+ 6.77%
Subscription redemption / switch out Reliance Jio Infocomm Ltd. CRISIL A1+ 6.76%
proceeds
Birla Group Holdings Pvt Ltd. CRISIL A1+ 4.30%
Day 1 0.0070%
Day 2 0.0065% Kotak Securities Ltd. ICRA A1+ 2.71%
Day 3 0.0060% Aditya Birla Finance Ltd. ICRA A1+ 2.69%
Day 4 0.0055% Bajaj Finance Ltd. CRISIL A1+ 2.36%
Day 5 0.0050% TVS Credit Services Ltd. CRISIL A1+ 1.35%
Day 6 0.0045% Reliance Industries Ltd. CRISIL A1+ 1.35%
Day 7 onwards 0.0000% Bajaj Housing Finance Ltd. CRISIL A1+ 1.01%
Commercial Paper Total 29.30%
First Tier Benchmark: Crisil Liquid Fund Index Money Market Instruments Total 33.35%
Government Bond & Treasury Bill
Minimum Investment (lumpsum): ₹ 5,000/- Treasury Bill
182 Days Tbill Red 20-01-2022 SOV 4.06%
Fund Manager:
91 Days Tbill Red 24-03-2022 SOV 3.36%
Name: Mr. Rahul Singh
Experience: 14+ years 91 Days Tbill Red 31-03-2022 SOV 3.36%
Treasury Bill Total 10.78%
Government Bond & Treasury Bill Total 10.78%
NAV as on December 31, 2021:
Cash & Other Receivables 55.87%
NAV Regular Plan Direct Plan
Growth ₹ 3793.7280 ₹ 3832.6148 Grand Total 100.00%
IDCW ₹ 1000.1000 ₹ 1013.6000
SCHEME PERFORMANCE
Expense Ratio:
Value of lumpsum investment of ₹ 10,000/-
Regular: 0.25%; Direct: 0.11% CAGR (%)
invested on inception date
(for detailed bifurcation on TER, please see page no 36) Period
CRISIL Liquid CRISIL 1 Year CRISIL Liquid CRISIL 1 Year
Scheme Scheme
Fund Index* T-Bill Index** Fund Index* T-Bill Index**
Portfolio Metrics: 7 Days 3.58 3.82 4.06 10,007 10,007 10,008
Average Maturity 19 days 15 Days 3.63 3.72 2.76 10,015 10,015 10,011
Macaulay Duration 19 days
1 Month 3.37 3.59 2.94 10,029 10,031 10,025
Modified Duration 19 days
3 Months 3.29 3.64 2.70 10,083 10,092 10,068
YTM 3.59 %
6 Months 3.26 3.57 3.39 10,163 10,179 10,170
1 Year 3.25 3.60 3.49 10,325 10,360 10,349
3 Years 4.67 5.01 5.63 11,467 11,582 11,788
MATURITY PROFILE (% of NAV) 5 Years 5.58 5.85 5.92 13,123 13,219 13,336
Since Inception 6.97 NA 5.96 37,937 NA 31,441
st
Above returns are as on 31 December, 2021. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
Cash & Other Receivables 55.87%
option. Mr. Rahul Singh is managing the above scheme from 5th October, 2015 and total no. of schemes managed by him is 5. Past performance may or may not be sustained in
the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. As the scheme was
Up to 60 days 35.73% launched before the launch of the benchmark index, benchmark index figures since inception or the required period are not available. *First Tier Benchmark, ** Additional
Benchmark. NA : Not Available.

> 60 Days 8.40%

Income Distribution cum Capital Withdrawal (IDCW) History
Frequency Ex Date Face Value (₹) Ex NAV (₹) Gross IDCW (₹) / Unit
RATING PROFILE (% of NAV) Daily * Oct, 2021 2.4188

55.87% Nov, 2021 2.9724

Cash & Other Receivables Dec, 2021 2.8567

AAA/A1+ and Equivalent Daily Direct * Oct, 2021 2.5724

33.35%
Nov, 2021 3.1292
Sovereign 10.78%
Dec, 2021 3.0158
* IDCW under Daily and Weekly Plan are cumulative IDCW declared during the month. After payment of the IDCW, the per Unit NAV falls to the extent of the payout and
statutory levy (if applicable). There is no guarantee or assurance to the unitholders as to the rate/quantum of neither IDCW nor that the IDCWs be paid regularly. For
complete IDCW history please visit www.licmf.com.

33 Factsheet January, 2022

 An open-ended low duration debt scheme investing in instruments with macaulay duration
of the portfolio is between 6 months and 12 months (Please refer Page No. 29 of SID) A
Relatively Low Interest Rate Risk and Moderate Credit Risk.

SCHEME FEATURES INVESTMENT OBJECTIVE

The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term
Scheme Type: An open ended low duration debt debt securities. However, there is no assurance that the investment objective of the Schemes will be
scheme investing in instruments with Macaulay realized.
Duration of the portfolio is between 6 months and
12 months (please refer page no 29 of SID). (A
PORTFOLIO AS ON 31.12.2021
Relatively Low interest rate risk and moderate
Credit Risk) Company Rating % of NAV Company Rating% of NAV
Corporate Debt Commercial Paper
Date of Allotment: June 09, 2003 Non-Convertible Debentures Birla Group Holdings Pvt Ltd. CRISIL A1+ 6.18%
REC Ltd. CRISIL AAA 7.96% TVS Credit Services Ltd. CRISIL A1+ 4.15%
Fund Size:
Power Finance Corporation Ltd. CRISIL AAA 6.69%
AUM as on 31/12/2021: ₹ 1,203.39 Cr Kotak Mahindra Investments Ltd. CRISIL A1+ 4.11%
Average AUM for December 2021:₹ 1,567.94 Cr HDFC Ltd. CRISIL AAA 6.50%
TV18 Broadcast Ltd. ICRA A1+ 4.07%
Reliance Industries Ltd. CRISIL AAA 4.47%
Load Structure: Bajaj Housing Finance Ltd. CRISIL A1+ 4.05%
Indian Oil Corporation Ltd. CRISIL AAA 4.30%
Entry Load: Nil L & T Finance Ltd. CRISIL A1+ 3.73%
Exit Load: Nil NABARD CRISIL AAA 2.20%
Commercial Paper Total 26.29%
National Housing Bank CRISIL AAA 2.18%
First Tier Benchmark: CRISIL Low Duration Money Market Instruments Total 44.68%
Bajaj Finance Ltd. CRISIL AAA 2.12%
Debt Index Government Bond & Treasury Bill
HDB Financial Services Ltd. CRISIL AAA 1.31%
Minimum Investment (lumpsum): ₹ 5,000/- Government Bond
Mahindra & Mahindra Fin Serv Ltd. CARE AAA 0.45%
8.15% Govt Of India Red 11-06-2022 SOV 12.75%
Fund Manager: Non-Convertible Debentures Total 38.17%
Name: Mr. Rahul Singh 5.63% Govt Of India Red 12-04-2026 SOV 2.09%
Corporate Debt Total 38.17%
Experience: 14+ years Money Market Instruments Government Bond Total 14.84%

Certificate of Deposit Treasury Bill

NAV as on December 31, 2021:
Axis Bank Ltd. CRISIL A1+ 8.17% 364 Days Tbill Red 30-03-2022 SOV 2.06%
NAV Regular Plan Direct Plan
Growth ₹ 32.1403 ₹ 34.0885 Kotak Mahindra Bank Ltd. CRISIL A1+ 4.09% Treasury Bill Total 2.06%

Daily IDCW ₹ 10.4500 ₹ 10.0500 IDFC First Bank Ltd. ICRA A1+ 4.08% Government Bond & Treasury Bill Total 16.90%
Weekly IDCW ₹ 11.0351 ₹ 11.8799 NABARD CRISIL A1+ 2.07% Cash & Other Receivables Total 0.25%
Monthly IDCW ₹ 11.1418 ₹ 17.8108 Certificate of Deposit Total 18.40% Grand Total 100.00%

Expense Ratio:
Regular: 0.83%; Direct: 0.29%
(for detailed bifurcation on TER, please see page no 36) SCHEME PERFORMANCE
Value of lumpsum investment of ₹ 10,000/-
CAGR (%) invested on inception date
Portfolio Metrics: Period
Average Maturity 211 days CRISIL Low CRISIL 1 Year CRISIL Low CRISIL 1 Year
Scheme Scheme
Duration Debt Index* T-Bill Index** Duration Debt Index* T-Bill Index**
Macaulay Duration 205 days 3.93 10,008
7 Days 4.60 4.06 10,008 10,009
Modified Duration 199 days 2.77 3.42 2.76 10,011 10,014 10,011
15 Days
YTM 4.23 % 1 Month 2.83 3.91 2.94 10,024 10,033 10,025
3 Months 2.81 3.81 2.70 10,071 10,096 10,068
6 Months 3.24 4.23 3.47 10,163 10,213 10,175
MATURITY PROFILE (% of NAV) 1 Year 3.74 4.23 3.49 10,374 10,423 10,349
51.80% 3 Years 4.72 6.75 5.63 11,487 12,165 11,788
> 91 days up to 365 Days 5 Years 5.56 6.94 5.92 13,113 13,994 13,336
Since Inception 6.49 7.20 5.92 32,140 36,388 29,123
Up to 91 days 36.03% st
Above returns are as on 31 December, 2021. Different plans shall have a different expense structure. The performance details provided herein are of Regular plan - Growth
option. Mr. Rahul Singh is managing the above scheme from 7th September, 2015 and total no. of schemes managed by him is 5. Past performance may or may not be
> 365 Days 11.92% sustained in the future. Load is not taken into consideration for computation of performance. The Mutual Fund is not guaranteeing or promising or forecasting any returns. *First
Tier Benchmark, **Additional Benchmark.

Cash & Other Receivables 0.25%

Income Distribution cum Capital Withdrawal (IDCW) History
Frequency Ex Date Face Value (₹) Ex NAV (₹) Gross IDCW (₹) / Unit
RATING PROFILE (% of NAV) Daily * Oct,2021 0.0135
Nov,2021 0.0313
82.85%
AAA/A1+ and Equivalent Dec,2021 0.0251
Daily Direct * Oct,2021 0.0116
Sovereign 16.90% Nov,2021 0.0354
Dec,2021 0.0287
Cash & Other Receivables 0.25%
Weekly * February,2021 0.0125
March,2021 0.0394
April,2021 0.0442
Weekly Direct * May,2019 0.0641
February,2020 0.0287
March,2020 0.0056
Monthly July 29, 2020 10.0000 10.6709 0.0600
August 27, 2020 10.0000 10.6351 0.0600
September 29, 2020 10.0000 10.6050 0.0600
Monthly Direct July 24, 2013 10.0000 10.0500 0.0025
August 27, 2013 10.0000 10.1434 0.0913
September 1, 2013 10.0000 10.0631 0.1319
* IDCW under Daily and Weekly Plan are cumulative IDCW declared during the month. After payment of the IDCW, the per Unit NAV falls to the extent of the payout and
statutory levy (if applicable). There is no guarantee or assurance to the unitholders as to the rate/quantum of neither IDCW nor that the IDCWs be paid regularly. For
complete IDCW history please visit www.licmf.com.
32 Factsheet January, 2022