Fund Details
LIC MF Index Nifty Fund Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.03% |
| NAV | ₹76.95 (27 Jan 2021) |
|---|---|
| Fund Started | 06 Dec 2002 |
| Fund Size | ₹31 Cr |
Returns
Comparison
1. Age is more than 10 years
2. Risk is lower compared to the benchmark
3. Age is more than 10 years
4. 1Y Returns are higher than the category average returns
5. 3Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
3. 1Y Returns are lower than the benchmark
4. 3Y Returns are lower than the benchmark
5. 5Y Returns are lower than the benchmark
6. 10Y Returns are lower than the benchmark
7. Asset under management(AUM) is less than 50 Crs. Watch expense ratio when AUM is very low
8. Risk-adjusted returns are lower compared to the category
9. 5Y Returns are lower than the category average returns
10. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 10.7% |
| HDFC Bank Ltd. | Financial | Equity | 10.4% |
| Infosys Ltd. | Technology | Equity | 7.7% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.6% |
| ICICI Bank Ltd. | Financial | Equity | 6.1% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.8% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.6% |
| ITC Ltd. | FMCG | Equity | 3.0% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.6% |
Fund Managers
LIC MF Index Nifty Fund Growth Details
LIC MF Index Nifty Fund Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹31 Cr and the Latest NAV as of 27 Jan 2021 is ₹76.95.
The LIC MF Index Nifty Fund Growth 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.
Investment Objective
The scheme aims to generate returns commensurate with the performance of Nifty 50 by investing in the index stocks, subject to tracking errors.
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.
