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L&T Nifty Next 50 Index Fund Regular Growth+0.12%

56.10%
1 Year Return
Equity
Large Cap
6M
1Y
All

Fund Details

L&T Nifty Next 50 Index Fund Regular Growth

RiskVery High
Min SIP Amount₹500
Expense Ratio0.70%
NAV₹15.67 (12 May 2021)
Fund Started09 Apr 2020
Fund Size26 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
56.1%
-
-
57.9%
Category Average
50.8%
10.2%
12.9%
-
Rank Within Category
79
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Would have become
0
with 56.1% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.7%
2. 1Y Returns are higher than the category average returns
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
Vedanta Ltd.MetalsEquity3.8%
Adani Green Energy Ltd.EngineeringEquity3.5%
Avenue Supermarts Ltd.ServicesEquity3.5%
Info Edge (India) Ltd.ServicesEquity3.3%
ICICI Lombard General Insurance Company Ltd.FinancialEquity3.1%
Dabur India Ltd.FMCGEquity3.0%
Apollo Hospitals Enterprise Ltd.HealthcareEquity2.9%
Adani Enterprises Ltd.ServicesEquity2.8%
Pidilite Industries Ltd.ChemicalsEquity2.7%
Godrej Consumer Products Ltd.FMCGEquity2.7%
See All

L&T Nifty Next 50 Index Fund Regular Growth Details

L&T Nifty Next 50 Index Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹26 Cr and the Latest NAV as of 12 May 2021 is ₹15.67.

The L&T Nifty Next 50 Index Fund Regular 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.

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)

₹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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