|Min SIP Amount||₹1000|
|NAV||₹29.76 (12 May 2021)|
|Fund Started||06 Dec 2002|
|Fund Size||₹43 Cr|
|HDFC Bank Ltd.||Financial||Equity||10.1%|
|Reliance Industries Ltd.||Energy||Equity||10.1%|
|Housing Development Finance Corpn. Ltd.||Financial||Equity||7.0%|
|ICICI Bank Ltd.||Financial||Equity||6.3%|
|Tata Consultancy Services Ltd.||Technology||Equity||5.2%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||4.0%|
|Hindustan Unilever Ltd.||FMCG||Equity||3.4%|
|Axis Bank Ltd.||Financial||Equity||2.7%|
LIC MF Index Nifty Fund IDCW is a Equity Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 06 Dec 2002. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Index Nifty Fund IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹43 Cr and the Latest NAV as of 12 May 2021 is ₹29.76.
The LIC MF Index Nifty Fund IDCW is rated Very 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.