L&T Nifty 50 Index Fund Direct Growth-0.46%

0.00%
1 Year Return
Equity
Large Cap
6M
All

Fund Details

L&T Nifty 50 Index Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.25%
NAV13.11 (29 Oct 2020)
Fund Started09 Apr 2020
Fund Size40 Cr

Comparison

Data not available
Pros
1. Lower expense ratio - 0.24%
Cons
1. Asset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
2. Age is less than 5 years

Top Holdings

NameSectorInstrument% Assets
Reliance Industries Ltd.EnergyEquity14.7%
HDFC Bank Ltd.FinancialEquity9.6%
Infosys Ltd.TechnologyEquity7.5%
Housing Development Finance Corpn. Ltd.FinancialEquity6.4%
Tata Consultancy Services Ltd.TechnologyEquity5.3%
ICICI Bank Ltd.FinancialEquity5.0%
Kotak Mahindra Bank Ltd.FinancialEquity3.8%
Hindustan Unilever Ltd.FMCGEquity3.8%
ITC Ltd.FMCGEquity3.1%
Larsen & Toubro Ltd.ConstructionEquity2.3%
See All

L&T Nifty 50 Index Fund Direct Growth Details

L&T Nifty 50 Index Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹40 Cr and the Latest NAV as of 29 Oct 2020 is ₹13.11.

The L&T Nifty 50 Index Fund Direct Growth is rated Moderately 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.

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 equivalent to the Total Returns Index of Nifty 50 index by minimizing the performance difference between the benchmark index and the scheme.

Tax Implications

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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
For units in excess of 10% of the investment,1% will be charged for redemption within one month.
Exit Load

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About L&T Mutual Fund

Address
6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
Phone
022-66554000
Launch Date
03 Jan 1997
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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