Name: L&T Nifty 50 Index Fund Direct Growth
Brand: L&T Mutual Fund

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L&T Nifty 50 Index Fund Direct Growth
Other
Index
Very High Risk
-3.52%
1M return
-1.18% 1D
1M
6M
1Y
All
 NAV: 03 Dec 2021₹19.47
Min. SIP amount₹500
RatingNA
Fund size₹78.71Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Other Index
Absolute returns
3M6M1YAll
Fund returns-0.5%10.3%32.1%94.7%
Category averageNANA48.0%NA
Rank with in category413541NA
Understand terms
Holdings (50)NameSectorInstrumentAssets
Reliance Industries Ltd.
EnergyEquity10.7%
HDFC Bank Ltd.
FinancialEquity9.0%
Infosys Ltd.
TechnologyEquity8.1%
ICICI Bank Ltd.
FinancialEquity7.2%
Housing Development Finance Corpn. Ltd.
FinancialEquity6.7%
Tata Consultancy Services Ltd.
TechnologyEquity4.6%
Kotak Mahindra Bank Ltd.
FinancialEquity3.9%
Hindustan Unilever Ltd.
FMCGEquity2.8%
Larsen & Toubro Ltd.
ConstructionEquity2.8%
Bajaj Finance Ltd.
FinancialEquity2.6%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Oct 2021 - Present
0.25%
30 Sep 2021 - 31 Oct 2021
0.25%
31 Aug 2021 - 30 Sep 2021
0.25%
31 Jul 2021 - 31 Aug 2021
0.25%
30 Jun 2021 - 31 Jul 2021
0.25%
31 May 2021 - 30 Jun 2021
0.25%
30 Apr 2021 - 31 May 2021
0.25%
31 Mar 2021 - 30 Apr 2021
0.30%
28 Feb 2021 - 31 Mar 2021
0.30%
31 Jan 2021 - 28 Feb 2021
0.30%
31 Dec 2020 - 31 Jan 2021
0.30%
30 Nov 2020 - 31 Dec 2020
0.30%
31 Oct 2020 - 30 Nov 2020
0.25%
30 Sep 2020 - 31 Oct 2020
0.24%
31 Aug 2020 - 30 Sep 2020
0.25%
31 Jul 2020 - 31 Aug 2020
0.25%
30 Jun 2020 - 31 Jul 2020
0.24%
31 May 2020 - 30 Jun 2020
0.24%
30 Apr 2020 - 31 May 2020
0.24%
Expense ratio, exit load and taxExpense ratio: 0.25%Inclusive of GST
Exit loadFor units in excess of 10% of the investment,1% will be charged for redemption within one month.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementPraveen Ayathan
Mar 2020 - Present
View details
Education
Mr. Praveen is a B.Sc (Mathematics).
Experience
Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Also manages these schemes
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L&T Balanced Advantage Fund Direct Growth
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L&T Nifty 50 Index Fund Direct IDCW
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L&T Nifty Next 50 Index Fund Direct IDCW
Fund house & investment objective
L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM₹71,233.36Cr
Date of Incorporation03 Jan 1997
L&T Nifty 50 Index Fund Direct Growth is a Other Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 J
L&T Nifty 50 Index Fund Direct Growth is a Other Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 03 Jan 1997. Praveen Ayathan is the Current Fund Manager of L&T Nifty 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹71,233 Cr and the Latest NAV as of 03 Dec 2021 is ₹19.47.
The L&T Nifty 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within one month....Read more
Investment Objective
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 equi
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.
...Read more
Fund benchmarkNIFTY 50 TRI
Scheme Information Document(SID)
Fund house contact details
Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
E-mail
[email protected]
Website
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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	3M	6M	1Y	All
Fund returns	-0.5%	10.3%	32.1%	94.7%
Category average	NA	NA	48.0%	NA
Rank with in category	41	35	41	NA

Name	Sector	Instrument	Assets
Reliance Industries Ltd.	Energy	Equity	10.7%
HDFC Bank Ltd.	Financial	Equity	9.0%
Infosys Ltd.	Technology	Equity	8.1%
ICICI Bank Ltd.	Financial	Equity	7.2%
Housing Development Finance Corpn. Ltd.	Financial	Equity	6.7%
Tata Consultancy Services Ltd.	Technology	Equity	4.6%
Kotak Mahindra Bank Ltd.	Financial	Equity	3.9%
Hindustan Unilever Ltd.	FMCG	Equity	2.8%
Larsen & Toubro Ltd.	Construction	Equity	2.8%
Bajaj Finance Ltd.	Financial	Equity	2.6%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹78.71Cr

Rank (total assets)	#12 in India
Total AUM	₹71,233.36Cr