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LIC MF Short Term Fund-Direct Plan-Growth vs Nippon India Fixed Maturity Plan-XLV-Series 5-Direct Plan-Growth Option
LIC MF Short Term Fund- and Nippon India Fixed Maturity Plan-XLV-Series 5- are both in the Short Duration Fund category, from LIC Mutual Fund Asset Management Limited and Nippon Life India Asset Management Limited respectively. Nippon India Fixed Maturity Plan-XLV-Series 5- has posted a higher 3-year rolling CAGR. Nippon India Fixed Maturity Plan-XLV-Series 5- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Nippon India Fixed Maturity Plan-XLV-Series 5- has the lower direct-plan expense ratio, by 0.26 percentage points.
| LIC MF Short Term Fund-Direct Plan-Growth | Nippon India Fixed Maturity Plan-XLV-Series 5-Direct Plan-Growth Option | |
|---|---|---|
| Category | Short Duration Fund | Short Duration Fund |
| AMC | LIC Mutual Fund Asset Management Limited | Nippon Life India Asset Management Limited |
| Benchmark | CRISIL Short Duration Debt A-II Index | CRISIL Medium Term Debt Index |
| NAV | ₹16.6326 (2026-10-28) | ₹13.3748 (2026-10-28) |
| AUM | ₹120.222 Cr | ₹60.195 Cr |
| Expense Ratio (Direct) | 0.36% | 0.1% |
| Inception | 2019-01-11 | 2023-03-29 |
Returns
Nippon India Fixed Maturity Plan-XLV-Series 5- leads on 3-year rolling CAGR (8.7% vs LIC MF Short Term Fund-'s 6.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager.
Portfolio Analytics
Punji Fund Health Score
Nippon India Fixed Maturity Plan-XLV-Series 5- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, LIC MF Short Term Fund- or Nippon India Fixed Maturity Plan-XLV-Series 5-?
Nippon India Fixed Maturity Plan-XLV-Series 5-'s 3-year rolling CAGR of 8.7% is higher than LIC MF Short Term Fund-'s 6.1%. Nippon India Fixed Maturity Plan-XLV-Series 5- sits in the 97th percentile of its category on this metric, versus the 3rd percentile for LIC MF Short Term Fund- - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, LIC MF Short Term Fund- or Nippon India Fixed Maturity Plan-XLV-Series 5-?
Nippon India Fixed Maturity Plan-XLV-Series 5-'s direct-plan expense ratio is 0.26 percentage points lower than LIC MF Short Term Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't LIC MF Short Term Fund- and Nippon India Fixed Maturity Plan-XLV-Series 5- show risk metrics like Sharpe ratio or alpha?
Risk metrics aren't shown for debt funds. Their NAV starts near Rs 10 and compounds steadily, so CAGR, beta and drawdown measure the arithmetic rather than the manager. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, LIC MF Short Term Fund- or Nippon India Fixed Maturity Plan-XLV-Series 5-?
LIC MF Short Term Fund- has ₹120 Cr in assets under management, versus ₹60 Cr for Nippon India Fixed Maturity Plan-XLV-Series 5-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, LIC MF Short Term Fund- or Nippon India Fixed Maturity Plan-XLV-Series 5-?
LIC MF Short Term Fund- launched on 2019-01-11, making it older than Nippon India Fixed Maturity Plan-XLV-Series 5- (launched 2023-03-29). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.