Fund Details
LIC MF Index Sensex Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 0.58% |
| NAV | ₹94.54 (22 Jan 2021) |
|---|---|
| Fund Started | 01 Jan 2013 |
| Fund Size | ₹30 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Asset under management(AUM) is less than 50 Crs. Watch expense ratio when AUM is very low
2. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 12.3% |
| HDFC Bank Ltd. | Financial | Equity | 11.3% |
| Infosys Ltd. | Technology | Equity | 8.9% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 8.9% |
| ICICI Bank Ltd. | Financial | Equity | 6.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 5.8% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 5.0% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.1% |
| ITC Ltd. | FMCG | Equity | 3.5% |
| Axis Bank Ltd. | Financial | Equity | 3.1% |
Fund Managers
LIC MF Index Sensex Fund Direct Growth Details
LIC MF Index Sensex Fund Direct Growth 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 Sensex Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹30 Cr and the Latest NAV as of 22 Jan 2021 is ₹94.54.
The LIC MF Index Sensex Fund Direct 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 BSE Sensex 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.
