Should I invest in LIC MF Money Market Fund?

We don't give personal investment advice. LIC MF Money Market Fund-Direct Plan-Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding.

LIC

LIC MF Money Market Fund-Direct Plan-Growth

Latest NAV

₹1,272.7398

As of

3 Jun 2026

924 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

Add another fund to compare

No matches.

Compares up to 8 funds. Click any line in the legend above to hide/show it.

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	+0.02%	+0.03%	-0.01	27 / 29	Q4
1W	+0.21%	+0.23%	-0.02	27 / 29	Q4
2W	+0.22%	+0.16%	+0.06	1 / 29	Q1
1M	+0.29%	+0.22%	+0.06	2 / 29	Q1
3M	+1.38%	+1.25%	+0.13	2 / 29	Q1
6M	+2.79%	+2.65%	+0.14	2 / 28	Q1
YTD	+2.30%	+2.22%	+0.08	4 / 28	Q1
1Y	+6.10%	+5.89%	+0.21	3 / 27	Q1
2Y	+6.51%	+6.99%	-0.48	24 / 25	Q4
3Y	+6.62%	+7.17%	-0.55	24 / 24	Q4
4Y	+6.20%	+7.02%	-0.82	21 / 21	Q4
5Y	—	—	—	—	—
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+6.48%	+6.48%	-0.01	19 / 29	Q3

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
2026 YTD	+2.30%	+2.20%	+0.11	3 / 27
2025	+7.11%	+7.47%	-0.36	24 / 24
2024	+6.47%	+7.65%	-1.18	24 / 24
2023	+6.69%	+7.34%	-0.65	23 / 23
2022	—	—	—	—

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

+6.75%

35 windows

min 6.1% · max 7.2%

100% positive

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

3-Year rolling

+6.72%

11 windows

min 6.6% · max 6.8%

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

0.34%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.10%

May 2026 → May 2026

% positive months

100.0%

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.

Peers in Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Growth Option - Direct Plan	HDFC	₹6,159.9626	3 Jun 2026
Nippon India Money Market Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹2,611.7657	3 Jun 2026
SBI SAVINGS FUND - DIRECT PLAN - GROWTH	SBI	₹46.9233	3 Jun 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Growth	ICICI Prudential	₹405.6499	3 Jun 2026
Invesco India Money Market Fund - Direct Plan - Growth	Invesco	₹3,326.0796	3 Jun 2026
Bandhan Money Market Fund -Direct Plan-Growth	Bandhan	₹46.1539	3 Jun 2026
Aditya Birla Sun Life Money Manager Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹395.8504	3 Jun 2026
Franklin India Money Market Fund - Direct - Growth	Franklin India	₹54.7789	3 Jun 2026
Mirae Asset Money Market Fund Direct Growth	Mirae Asset	₹1,348.9773	3 Jun 2026
Kotak Money Market Fund - (Growth) - Direct	Kotak	₹4,789.1423	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹1,272.7398
2 Jun 2026	₹1,272.5466
1 Jun 2026	₹1,272.1280
29 May 2026	₹1,271.0279
27 May 2026	₹1,270.1121
26 May 2026	₹1,269.6193
25 May 2026	₹1,269.6945
22 May 2026	₹1,269.1451
21 May 2026	₹1,269.2263
20 May 2026	₹1,269.9950

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.

As of 03 Jun 2026, the NAV of LIC MF Money Market Fund-Direct Plan-Growth is ₹1,272.7398. It's a Money Market Fund from LIC, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

LIC MF Money Market Fund-Direct Plan-Growth has NAV history starting from 03 Aug 2022, a track record of about 3 years 10 months. It's a relatively new scheme. With under 5 years of NAVs, peer comparison is the best yardstick — point-to-point returns can be skewed by entry timing.

LIC MF Money Market Fund-Direct Plan-Growth is managed by LIC. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, LIC MF Money Market Fund-Direct Plan-Growth has delivered a absolute return of 6.10% — +0.21 pp ahead of the Money Market Fund category average of 5.89%. The fund ranks #3 of 27 in its category — the top (Q1) quartile.

Over the trailing 3-year window, LIC MF Money Market Fund-Direct Plan-Growth has delivered a CAGR of 6.62% — -0.55 pp behind the Money Market Fund category average of 7.17%. The fund ranks #24 of 24 in its category — the bottom (Q4) quartile.

LIC MF Money Market Fund-Direct Plan-Growth 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 LIC MF Money Market Fund-Direct Plan-Growth exactly 3 years ago would be worth approximately ₹121,195 today — a multiplier of 1.21×, based on the 3-year CAGR of 6.62%. The category average over the same window would have grown ₹1 lakh to ₹123,086.

A ₹10,000 monthly SIP in LIC MF Money Market Fund-Direct Plan-Growth over the last 3 years — total invested ₹360,000 — would be worth ₹397,288 today. That's an XIRR (money-weighted annualised return) of 6.50%.

LIC MF Money Market Fund-Direct Plan-Growth doesn't yet have 10 years of NAVs. Over the longest available window (3-year SIP), ₹10,000/month would have grown to ₹397,288 — XIRR 6.50%.

On a 3-year basis, LIC MF Money Market Fund-Direct Plan-Growth ranks #24 out of 24 funds in the Money Market Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 7.17%; this fund delivered 6.62%.

The worst peak-to-trough decline LIC MF Money Market Fund-Direct Plan-Growth has experienced over the last 3-year window is 0.10% — its NAV fell from a high on 11 May 2026 to a low on 22 May 2026. 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, LIC MF Money Market Fund-Direct Plan-Growth averaged 6.72% (best 6.79%, worst 6.62%). 100% of rolling windows ended positive.

In calendar year 2025, LIC MF Money Market Fund-Direct Plan-Growth returned 7.11% — lagging the Money Market Fund category average of 7.47% by 0.36 pp. It ranked #24 of 24 in its category that year.

LIC MF Money Market Fund-Direct Plan-Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. LIC MF Money Market Fund-Direct Plan-Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

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.