| Launch date | 24 Mar 2020 |
| Allotment date | 16 Apr 2020 |
| End date | 31 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 management
Praveen AyathanMar 2020 - PresentView details
Praveen Ayathan
Mar 2020 - Present
View details
Education
Mr. Praveen is a B.Sc (Mathematics).
Experience
Prior to joining L&T Investment Management Ltd he has worked with Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | NA |
|---|---|
| Total AUM | NA |
| Date of Incorporation | NA |
|---|
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
| Fund benchmark | NA |
|---|
Fund house contact details
Address
NA
Phone
NA
Launch Date
NA
E-mail
NAWebsite
NA
L&T Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
www.camsonline.com