Fund Details
LIC MF Index Sensex Fund Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹1000 |
| Expense Ratio | 1.08% |
| NAV | ₹82.17 (27 Nov 2020) |
|---|---|
| Fund Started | 06 Dec 2002 |
| Fund Size | ₹25 Cr |
Returns
as per Historical 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
6. 5Y 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. 10Y Returns are lower than the category average returns
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 15.3% |
| HDFC Bank Ltd. | Financial | Equity | 11.1% |
| Infosys Ltd. | Technology | Equity | 9.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.9% |
| Tata Consultancy Services Ltd. | Technology | Equity | 6.5% |
| ICICI Bank Ltd. | Financial | Equity | 6.3% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.7% |
| Hindustan Unilever Ltd. | FMCG | Equity | 4.3% |
| ITC Ltd. | FMCG | Equity | 3.3% |
| Axis Bank Ltd. | Financial | Equity | 3.0% |
Fund Managers
LIC MF Index Sensex Fund Growth Details
LIC MF Index Sensex 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 Sensex Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹25 Cr and the Latest NAV as of 27 Nov 2020 is ₹82.17.
The LIC MF Index Sensex 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 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.
