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L&T Nifty Next 50 Index Fund Direct Dividend+0.83%

0.00%
1 Year Return
Equity
Large Cap
6M
All

Fund Details

L&T Nifty Next 50 Index Fund Direct Dividend

RiskModerately High
Min SIP AmountNot Supported
Expense Ratio0.24%
NAV13.43 (02 Dec 2020)
Fund Started09 Apr 2020
Fund Size19 Cr

Comparison

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Pros
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Cons
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Top Holdings

NameSectorInstrument% Assets
Adani Green Energy Ltd.EngineeringEquity4.4%
Avenue Supermarts Ltd.ServicesEquity4.3%
Tata Consumer Products Ltd.FMCGEquity3.9%
Dabur India Ltd.FMCGEquity3.8%
ICICI Lombard General Insurance Company Ltd.FinancialEquity3.5%
Info Edge (India) Ltd.ServicesEquity3.5%
Godrej Consumer Products Ltd.FMCGEquity3.3%
Pidilite Industries Ltd.ChemicalsEquity3.1%
Lupin Ltd.HealthcareEquity2.8%
Aurobindo Pharma Ltd.HealthcareEquity2.8%
See All

L&T Nifty Next 50 Index Fund Direct Dividend Details

L&T Nifty Next 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 Next 50 Index Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹19 Cr and the Latest NAV as of 02 Dec 2020 is ₹13.43.

The L&T Nifty Next 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.

Investment Objective

The scheme seeks to invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 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)

Not Supported
Min for First Investment
Not Supported
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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