Should I invest in LICMF Floating Rate Fund - Short Term Plan - Daily Dividend?

We don't give personal investment advice. LICMF Floating Rate Fund - Short Term Plan - Daily Dividend is suitable for an investor whose:understands what asset class this scheme actually invests in (check the factsheet)matches that asset class's volatility profile to their goal horizonCross-check the numbers above against alternatives before deciding.

LIC

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend

Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.00%	-8.69%	+8.69	15 / 23	Q3
1W	+0.13%	-8.62%	+8.75	8 / 23	Q2
2W	+0.26%	-8.56%	+8.83	5 / 23	Q1
1M	+0.58%	-8.48%	+9.05	4 / 23	Q1
3M	+0.55%	-7.99%	+8.54	13 / 23	Q3
6M	+2.00%	-7.23%	+9.23	9 / 23	Q2
YTD	+0.78%	-14.84%	+15.63	9 / 25	Q2
1Y	+2.00%	-17.92%	+19.91	12 / 24	Q2
2Y	+1.14%	-17.12%	+18.26	13 / 25	Q3
3Y	+0.83%	-29.96%	+30.79	13 / 31	Q2
4Y	+0.62%	-22.63%	+23.25	13 / 28	Q2
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+0.54%	-27.72%	+28.26	13 / 30	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2014 YTD	+0.78%	+3.53%	-2.74	11 / 18
2013	+1.20%	+3.32%	-2.11	9 / 20
2012	+0.30%	+3.06%	-2.76	10 / 18
2011	+0.20%	-5.64%	+5.84	12 / 21
2010	+0.00%	-19.63%	+19.63	18 / 23
2009	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+0.29%

45 windows

min 0.0% · max 2.0%

69% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+0.27%

20 windows

min 0.1% · max 0.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

—

Insufficient history

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

0.65%

3-year · annualised

Sharpe ratio

-8.77

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.76%

Dec 2013 → Jan 2014

% positive months

27.8%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Recent NAVs

Date	NAV
3 Mar 2014	₹10.2507
28 Feb 2014	₹10.2448
26 Feb 2014	₹10.2408
25 Feb 2014	₹10.2389
24 Feb 2014	₹10.2369
21 Feb 2014	₹10.2313
20 Feb 2014	₹10.2295
18 Feb 2014	₹10.2257
17 Feb 2014	₹10.2237
14 Feb 2014	₹10.2171

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend is a Floating Rate from LIC (Unknown plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend has NAV history starting from 22 Jul 2009, a track record of about 16 years 10 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend is managed by LIC. It's classified by AMFI under the 'Floating Rate' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, LICMF Floating Rate Fund - Short Term Plan - Daily Dividend has delivered a absolute return of 2.00% — +19.91 pp ahead of the Floating Rate category average of -17.92%. The fund ranks #12 of 24 in its category — the second (Q2) quartile.

Over the trailing 3-year window, LICMF Floating Rate Fund - Short Term Plan - Daily Dividend has delivered a CAGR of 0.83% — +30.79 pp ahead of the Floating Rate category average of -29.96%. The fund ranks #13 of 31 in its category — the second (Q2) quartile.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend doesn't have a complete 5-year window yet (we need at least 5 year of NAVs). Check the shorter-window returns above.

₹1 lakh invested in LICMF Floating Rate Fund - Short Term Plan - Daily Dividend exactly 3 years ago would be worth approximately ₹102,507 today — a multiplier of 1.03×, based on the 3-year CAGR of 0.83%. The category average over the same window would have grown ₹1 lakh to ₹34,355.

A ₹10,000 monthly SIP in LICMF Floating Rate Fund - Short Term Plan - Daily Dividend over the last 3 years — total invested ₹360,000 — would be worth ₹367,355 today. That's an XIRR (money-weighted annualised return) of 1.32%.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹367,355 — XIRR 1.32%.

On a 3-year basis, LICMF Floating Rate Fund - Short Term Plan - Daily Dividend ranks #13 out of 31 funds in the Floating Rate category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is -29.96%; this fund delivered 0.83%.

The worst peak-to-trough decline LICMF Floating Rate Fund - Short Term Plan - Daily Dividend has experienced over the last 3-year window is 0.76% — its NAV fell from a high on 26 Dec 2013 to a low on 16 Jan 2014. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 3-year rolling windows, LICMF Floating Rate Fund - Short Term Plan - Daily Dividend averaged 0.27% (best 0.83%, worst 0.07%). 100% of rolling windows ended positive. The 3-year Sharpe ratio is -8.77 — negative risk-adjusted performance.

In calendar year 2013, LICMF Floating Rate Fund - Short Term Plan - Daily Dividend returned 1.20% — lagging the Floating Rate category average of 3.32% by 2.11 pp. It ranked #9 of 20 in its category that year.

LICMF Floating Rate Fund - Short Term Plan - Daily Dividend doesn't fit cleanly into the standard Equity/Debt buckets in our taxonomy. Tax treatment depends on actual asset allocation as disclosed by the AMC — check the factsheet or AMFI's classification table.

We don't give personal investment advice. LICMF Floating Rate Fund - Short Term Plan - Daily Dividend is suitable for an investor whose:

understands what asset class this scheme actually invests in (check the factsheet)
matches that asset class's volatility profile to their goal horizon

Cross-check the numbers above against alternatives before deciding.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.