LIC MF Exchange Traded Fund Nifty 50 Dividend is a Others Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 20 Nov 2015. Sachin Relekar is the Current Fund Manager of LIC MF Exchange Traded Fund Nifty 50 Dividend.The fund currently has an Asset Under Management(AUM) of ₹515 Cr and the Latest NAV as of 18 Oct 2019 is ₹121.93.
The LIC MF Exchange Traded Fund Nifty 50 Dividend is rated Moderately High risk. Minimum SIP Investment is 1000. Nil.
Investment Objective
The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by CNX NIFTY Index, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved.
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