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

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L&T Nifty Next 50 Index Fund Direct Growth
Other
Index
Very High Risk
46.59%
1Y return
+0.42% 1D
1M
6M
1Y
All
NAV: 30 Jul 2021₹17.08
Min. SIP Amount₹500
RatingNA
Fund Size₹30.67 Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
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
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns46.6%NANA51.6%
Category average48.0%13.9%14.2%NA
Rank with in category16NANANA
Understand termsinfo
Holdings (50)NameSectorInstrumentAssets
Adani Enterprises Ltd.ServicesEquity3.8%
Info Edge (India) Ltd.ServicesEquity3.5%
Apollo Hospitals Enterprise Ltd.HealthcareEquity3.4%
Avenue Supermarts Ltd.ServicesEquity3.3%
Adani Green Energy Ltd.EngineeringEquity3.2%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity3.1%
Vedanta Ltd.MetalsEquity3.1%
Dabur India Ltd.FMCGEquity3.0%
Godrej Consumer Products Ltd.FMCGEquity3.0%
Pidilite Industries Ltd.ChemicalsEquity3.0%
See All
Pros and consCategory: Other Index
ProsLower expense ratio - 0.35%
1Y Returns are higher than the category average returns
ConsAsset under management(AUM) is less than 100 Crs. Watch expense ratio when AUM is very low
Age is less than 5 years
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. 
Expense ratio, exit load and taxExpense ratio: 0.35%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 termsinfo
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹500
Fund managementPraveen Ayathan
Mar 2020 - Present
View Details
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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.
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L&T Nifty 50 Index Fund Direct IDCW
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Fund house & investment objective
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L&T Mutual Fund
Rank (total assets)#12 in India
Total AUM71,233.36 Cr
Date of Incorporation03 Jan 1997
L&T Nifty Next 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
L&T Nifty Next 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 Next 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 30 Jul 2021 is ₹17.08.
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....Read more
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
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.
...Read more
Fund benchmarkNIFTY Next 50 TRI
descriptionScheme Information Document(SID)
Fund house contact details
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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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	1Y	3Y	5Y	All
Fund returns	46.6%	NA	NA	51.6%
Category average	48.0%	13.9%	14.2%	NA
Rank with in category	16	NA	NA	NA

Name	Sector	Instrument	Assets
Adani Enterprises Ltd.	Services	Equity	3.8%
Info Edge (India) Ltd.	Services	Equity	3.5%
Apollo Hospitals Enterprise Ltd.	Healthcare	Equity	3.4%
Avenue Supermarts Ltd.	Services	Equity	3.3%
Adani Green Energy Ltd.	Engineering	Equity	3.2%
ICICI Lombard General Insurance Company Ltd.	Insurance	Equity	3.1%
Vedanta Ltd.	Metals	Equity	3.1%
Dabur India Ltd.	FMCG	Equity	3.0%
Godrej Consumer Products Ltd.	FMCG	Equity	3.0%
Pidilite Industries Ltd.	Chemicals	Equity	3.0%

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

Rating	NA
Fund Size	₹30.67 Cr