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Home>NFOs>L&T Mutual Fund>L&T Nifty Next 50 Index Fund Direct - Growth - NFO

L&T Nifty Next 50 Index Fund Direct - Growth - NFO

Other
Index
Moderately High Risk
Launch date24 Mar 2020
Allotment date16 Apr 2020
End date31 Mar 2020
NAV₹10.00

Fund Overview

Overview of L&T Nifty Next 50 Index Fund Direct - Growth - NFO

Expense ratio, exit load and tax

Expense ratio: 0.35%

Inclusive of GST

Exit load

For units in excess of 10% of the investment,1% will be charged for redemption within one month.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund house & investment objective

Rank (total assets)NA
Total AUMNA
Date of IncorporationNA

L&T Nifty Next 50 Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by NA. This scheme was made available to investors o
L&T Nifty Next 50 Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by NA. This scheme was made available to investors on 24 Mar 2020. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 16 Apr 2020 is ₹10.00. The L&T Nifty Next 50 Index Fund Direct - Growth - NFO is rated Moderately High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. For units in excess of 10% of the investment,1% will be charged for redemption within one month.
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Fund house contact details

Address
NA
Phone
NA
Launch Date
NA
E-mail
NA
Website
NA
Amc Image
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
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