|Min SIP Amount||₹500|
|NAV||₹15.74 (12 May 2021)|
|Fund Started||09 Apr 2020|
|Fund Size||₹26 Cr|
|Adani Green Energy Ltd.||Engineering||Equity||3.5%|
|Avenue Supermarts Ltd.||Services||Equity||3.5%|
|Info Edge (India) Ltd.||Services||Equity||3.3%|
|ICICI Lombard General Insurance Company Ltd.||Financial||Equity||3.1%|
|Dabur India Ltd.||FMCG||Equity||3.0%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||2.9%|
|Adani Enterprises Ltd.||Services||Equity||2.8%|
|Pidilite Industries Ltd.||Chemicals||Equity||2.7%|
|Godrej Consumer Products Ltd.||FMCG||Equity||2.7%|
L&T Nifty Next 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 Next 50 Index Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹26 Cr and the Latest NAV as of 12 May 2021 is ₹15.74.
The L&T Nifty Next 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.
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.
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.