Key Takeaways
- • LIC MF Short Term Fund - Direct Plan delivered 5.81% returns over 1 year, 24.37% over 3 years, and 35.72% over 5 years, positioning it within LIC Mutual Fund's fixed-income suite targeting regular income through quality debt securities and money market instruments.
- • Fund management team includes Rahul Singh (B.Sc Economics Honors, PGDM from IIM-A) and Pratik Harish Shroff (CFA, FRM, Executive Programme in Applied Finance), with combined experience spanning BOI AXA Investment Managers, ING Investment Management, CTBC Bank, IndusInd Bank, and Tata Mutual Fund.
- • Current NAV stands at ₹16.63 as of August 28, 2026 for the Growth option, with the Direct Plan structure eliminating intermediary commissions and offering lower expense ratios compared to regular plans.
- • LIC MF's short-duration debt fund ecosystem includes complementary products: Ultra Short Duration Fund (6.65% 1-year returns), Low Duration Fund (6.42% 1-year returns), and Medium to Long Term Fund (5.54% 1-year returns), enabling portfolio laddering across duration curves.
Summary
LIC Mutual Fund's Short Term Fund - Direct Plan is positioned as a regular income-generating scheme with a primary mandate to invest in quality debt securities and money market instruments. As of the latest available data, the fund has delivered annualized returns of 5.81% over one year, 24.37% over three years, and 35.72% over five years, reflecting performance within the fixed-income spectrum during a period of evolving interest rate dynamics.
The fund is managed by a team with substantial institutional asset management credentials. Rahul Singh brings a B.Sc in Economics (Honors) and PGDM from IIM-A, supplemented by prior roles at BOI AXA Investment Managers (2009–2015), ING Investment Management (2008–2009), and various financial services roles spanning Ashika Capital and Standard Chartered Bank. Co-manager Pratik Harish Shroff holds advanced certifications including CFA, FRM, and an Executive Programme in Applied Finance, with prior experience at institutional banking and securities platforms including CTBC Bank, IndusInd Bank, Industrial and Commercial Bank of China, Tata Mutual Fund, and LKP Securities.
The Direct Plan structure eliminates distributor commissions, offering cost efficiency relative to regular plans. Current NAV for the Growth option stands at ₹16.63 as of August 28, 2026. Within LIC MF's fixed-income portfolio, the Short Term Fund operates alongside complementary vehicles: the Ultra Short Duration Fund (6.65% 1-year returns, NAV ₹1,455.02 as of August 25, 2026), Low Duration Fund (6.42% 1-year returns), and Medium to Long Term Fund (5.54% 1-year returns), allowing institutional and retail investors to construct duration-adjusted debt allocations aligned with liability profiles and yield objectives.
The fund is managed by a team with substantial institutional asset management credentials. Rahul Singh brings a B.Sc in Economics (Honors) and PGDM from IIM-A, supplemented by prior roles at BOI AXA Investment Managers (2009–2015), ING Investment Management (2008–2009), and various financial services roles spanning Ashika Capital and Standard Chartered Bank. Co-manager Pratik Harish Shroff holds advanced certifications including CFA, FRM, and an Executive Programme in Applied Finance, with prior experience at institutional banking and securities platforms including CTBC Bank, IndusInd Bank, Industrial and Commercial Bank of China, Tata Mutual Fund, and LKP Securities.
The Direct Plan structure eliminates distributor commissions, offering cost efficiency relative to regular plans. Current NAV for the Growth option stands at ₹16.63 as of August 28, 2026. Within LIC MF's fixed-income portfolio, the Short Term Fund operates alongside complementary vehicles: the Ultra Short Duration Fund (6.65% 1-year returns, NAV ₹1,455.02 as of August 25, 2026), Low Duration Fund (6.42% 1-year returns), and Medium to Long Term Fund (5.54% 1-year returns), allowing institutional and retail investors to construct duration-adjusted debt allocations aligned with liability profiles and yield objectives.
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