LIC MF Index Nifty Fund Direct Growth is a Others Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Index Nifty Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹29 Cr and the Latest NAV as of 15 Nov 2019 is ₹68.04.
The LIC MF Index Nifty Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 month.
An open ended Index linked equity scheme seeking to provide capital growth by investing in index stocks.
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)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 1 month