LIC MF Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 50.15 as on 18-04-2024
Fund Performance
446 people have invested ₹ 31.6L in LIC MF Nifty Next 50 Index Fund Direct Growth in the last three months
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.52%.
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 22.21% return, outperforming this fund by 0.17% per annum.
In the last 1 year, DSP Nifty Next 50 Index Fund Direct Growth has given 61.75% return, outperforming this fund by 0.55%.
Over the last 6 months, this fund has experienced a 35.4% growth in AUM moving from 54.54 Cr to 73.87 Cr.
In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 17.48% return, outperforming this fund by 0.22% per annum.
INDmoney Rank of LIC MF Nifty Next 50 Index Fund Direct Growth
Powered by IND quant engine
11
/12
33% Performance
13% Cost
11 out of 12 among Index-Nifty-Next-50
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
Smaller AUM within category
About the LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Nifty Next 50 Index Fund Direct Growth has ₹74 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
LIC MF Nifty Next 50 Index Fund Direct Growth Overview
 | 0.32% |
 Benchmark | IISL Nifty Next 50 TR INR |
 | ₹74 Cr |
 | 1 January, 2013 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 99.24% |
LIC MF Nifty Next 50 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
87.2%
Mid cap
12.5%
Sector Allocation
Financial Services
23.9%
Industrial
18.3%
Basic Materials
13.1%
Consumer Cyclical
12.2%
Consumer Defensive
11.6%
Utilities
9.2%
Energy
3.4%
Real Estate
3.2%
Health
2.7%
Communication
2.4%
Top Holdings of LIC MF Nifty Next 50 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
LIC MF Nifty Next 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 2.80% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty Next 50 by 2.86% in Mar'24
AUM Change
- AUM of the fund stands at 71.3 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in LIC MF Nifty Next 50 Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 ABB India Ltd | 20.7% |
 Siemens Ltd | 19.9% |
 Interglobe Aviation Ltd | 18.7% |
Peer Analysis
LIC MF Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.61% since inception which is less than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.65% in Equity, 0% in Debt and 0.35% in Cash related instruments
AUM size ₹74 Cr
This fund has AUM of ₹74 Cr which is less than its category average of ₹ 689 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of LIC MF Nifty Next 50 Index Fund Direct Growth is ₹50.15 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
LIC MF Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.88% | 6.88% |
6 Month Returns | 36.65% | 36.65% |
1 Year Returns | 61.2% | 61.2% |
3 Years Returns | 81.73% | 22.03% |
5 Years Returns | 121.61% | 17.25% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.32% as on March 2024
₹74 Cr as on March 2024
Trent Ltd(4.77%), Bharat Electronics Ltd(3.96%), Tata Power Co Ltd(3.68%), Hindustan Aeronautics Ltd Ordinary Shares(3.41%), Indian Oil Corp Ltd(3.39%) as on March 2024
Financial Services(23.79%), Industrial(18.26%), Basic Materials(13.06%) as on March 2024
The alpha ratio for the LIC MF Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | -0.51 | -0.29 | -0.51 |
As on March 2024
The alpha for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the LIC MF Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 1 | 0.99 | 0.99 |
As on March 2024
The Beta for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the LIC MF Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 3.09 | 0.94 | 0.65 |
As on March 2024
The sharpe ratio for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the LIC MF Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 13.67 | 16.8 | 19.14 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.68 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of LIC MF Nifty Next 50 Index Fund Direct Growth is 0%