|Min SIP Amount||Not Supported|
|NAV||₹14.72 (02 Dec 2020)|
|Fund Started||09 Apr 2020|
|Fund Size||₹43 Cr|
|Reliance Industries Ltd.||Energy||Equity||13.1%|
|HDFC Bank Ltd.||Financial||Equity||10.1%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.8%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.5%|
|ICICI Bank Ltd.||Financial||Equity||5.3%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.5%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.6%|
|Axis Bank Ltd.||Financial||Equity||2.4%|
L&T Nifty 50 Index Fund Direct Dividend is a Equity Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 09 Apr 2020. Praveen Ayathan is the Current Fund Manager of L&T Nifty 50 Index Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹43 Cr and the Latest NAV as of 02 Dec 2020 is ₹14.72.
The L&T Nifty 50 Index Fund Direct Dividend is rated Moderately High risk. For units in excess of 10% of the investment,1% will be charged for redemption within one month.
The scheme seeks to invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.