|Min SIP Amount||₹1000|
|NAV||₹23.37 (25 Sep 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹26 Cr|
|Reliance Industries Ltd.||Energy||Equity||13.6%|
|HDFC Bank Ltd.||Financial||Equity||10.0%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||6.6%|
|ICICI Bank Ltd.||Financial||Equity||5.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||4.9%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.3%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.9%|
|Bharti Airtel Ltd.||Communication||Equity||2.6%|
LIC MF Index Nifty Fund Direct Dividend is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Index Nifty Fund Direct Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹26 Cr and the Latest NAV as of 25 Sep 2020 is ₹23.37.
The LIC MF Index Nifty Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 0.25%, if redeemed within 7 days.
The scheme aims to generate returns commensurate with the performance of Nifty 50 by investing in the index stocks, subject to tracking errors.
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.