LIC MF Index Nifty Fund Growth+0.21%

2Groww
-3.71%
1 Year Return
Others
Index
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

LIC MF Index Nifty Fund Growth

RiskModerately High
Min SIP Amount₹1000
Expense Ratio1.02%
NAV59.79 (18 Sep 2019)
Fund Started06 Dec 2002
Fund Size28 Cr

Returns

1Y
3Y*
5Y*
Since inception*
LIC MF Index Nifty Fund Growth
-3.7%
7.0%
5.8%
11.9%
Category Average
NA
NA
NA
-
Rank within category
52
50
55
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -3.7% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Risk is lower compared to the benchmark
    3. 1Y Returns are higher than the benchmark
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. 5Y Returns are lower than the benchmark
    3. 10Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity10.7%
    Reliance Industries Ltd.EnergyEquity9.5%
    Housing Development Finance Corpn. Ltd.FinancialEquity8.3%
    Infosys Ltd.TechnologyEquity6.9%
    ICICI Bank Ltd.FinancialEquity5.9%
    Tata Consultancy Services Ltd.TechnologyEquity5.3%
    ITC Ltd.FMCGEquity4.7%
    Kotak Mahindra Bank Ltd.FinancialEquity4.3%
    Larsen & Toubro Ltd.ConstructionEquity3.6%
    Axis Bank Ltd.FinancialEquity3.0%
    See All

    Fund Managers

    addYogesh Patil
    Education
    Mr. Patil is an MBA (Finance).
    Experience
    Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.
    Funds Managed

    Other Details

    LIC MF Index Nifty Fund Growth is a Others Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was introduced to investors on 06 Dec 2002. Ramnath Venkateswaran is the Current Fund Manager of LIC MF Index Nifty Fund Growth.The fund currently has an Asset Under Management(AUM) of ₹28 Cr and the Latest NAV as of 18 Sep 2019 is ₹59.79.

    The LIC MF Index Nifty Fund 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.

    Investment Objective

    An open ended Index linked equity scheme seeking to provide capital growth by investing in index stocks.

    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
    ₹500
    Min for Second Investment
    Exit load of 1% if redeemed within 1 month
    Exit Load

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    About LIC Mutual Fund

    Address
    4TH FLOOR, INDUSTRIAL INSURANCE BUILDING, OPP. CHURCHGATE STATION MUMBAI 400020
    Phone
    022-66016000
    Launch Date
    19 Apr 1994
    Website
    NA
    LIC Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
    Enter investment amount
    + ₹1,000
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