LIC MF BSE Sensex Index Fund Direct Growth

LIC MF BSE Sensex Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 04-12-2024

₹ 161.63

0.7%

1D

Inception Returns

13.2%

/yr

About LIC MF BSE Sensex Index Fund Direct Growth

LIC MF BSE Sensex Index Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sumit Bhatnagar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF BSE Sensex Index Fund Direct Growth has ₹83 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

LIC MF BSE Sensex Index Fund Direct Growth has given a CAGR return of 13.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 20.72%, 12.91% and 15.62% respectively.

Holdings

LIC MF BSE Sensex Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Defensive, Consumer Cyclical, Industrial, Basic Materials, Communication, Utilities, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd

Taxation

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of LIC MF BSE Sensex Index Fund Direct Growth

The main investment objective of the fund is to generate returns commensurate with the performance of the index S&P BSE Sensex based on the plans by investing in the respective index stocks subject to tracking errors. However, there is no assurance that the investment objective of the Schemes will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF BSE Sensex Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
79 people have invested ₹ 2.9L in LIC MF BSE Sensex Index Fund Direct Growth in the last three months

INDmoney Rank for LIC MF BSE Sensex Index Fund Direct Growth

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

LIC MF BSE Sensex Index Fund Direct Growth Overview

Expense ratio0.38%
Benchmark
S&P BSE SENSEX TR INR
AUM₹83 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹200
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
17.58%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
99.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
37.9%
Tech
14.5%
Energy
9.8%
Consumer Defensive
8.3%
Consumer Cyclical
7.9%
Industrial
5.7%
Basic Materials
5.2%
Communication
4.7%
Utilities
3.7%
Health
2.2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-5.73%
2.30%
0.92%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -5.73% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund outperformed Nifty 50 by 0.44% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 82.8 Cr
₹ 87.8 Cr
₹ 86.4 Cr
  • AUM of the fund stands at 82.8 Cr as of Oct'24
  • AUM decreased by 5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 13.49% to 14.32%
HDFC Bank Ltd's allocation increased from 13.49% to 14.32%
ICICI Bank Ltd's allocation increased from 9.27% to 9.93%
ICICI Bank Ltd's allocation increased from 9.27% to 9.93%
State Bank of India's allocation increased from 3.1% to 3.42%
State Bank of India's allocation increased from 3.1% to 3.42%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 10.29 % to 9.83 %
Reliance Industries Ltd's allocation decreased from 10.29 % to 9.83 %
Bharti Airtel Ltd's allocation decreased from 4.78 % to 4.7 %
Bharti Airtel Ltd's allocation decreased from 4.78 % to 4.7 %
Axis Bank Ltd's allocation decreased from 3.59 % to 3.57 %
Axis Bank Ltd's allocation decreased from 3.59 % to 3.57 %
Large Cap allocation has gone up from 99.7% to 99.9%
Large Cap allocation has gone up from 99.7% to 99.9%
Cash allocation has gone down from 0.3% to 0.1%
Cash allocation has gone down from 0.3% to 0.1%

Top 3 Sectors in October were Financial Services, Tech & Energy

Oct'24
Financial Services
38%
Tech
14%
Energy
10%
Sep'24
Financial Services
37%
Tech
14%
Energy
10%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
32
32
32
Top 5 Company Concentration
46%
44.7%
45.4%
Company having highest exposure
HDFC Bank Ltd (14.3%)
HDFC Bank Ltd (13.5%)
HDFC Bank Ltd (13%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
78.5%
78.3%
78.9%
Sector having highest exposure
Financial Services (37.9%)
Financial Services (36.6%)
Financial Services (35.7%)
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Sumit Bhatnagar
Sumit Bhatnagar
Fund Manager of LIC MF BSE Sensex Index Fund Direct Growth, since 3 October 2023
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
In the last 1 year, UTI Nifty 500 Value 50 Index Fund Direct Growth has given 43.89% return, outperforming this fund by 23.17%.
Insights icon
Over the last 1 month, this fund has experienced a 5.6% drop in AUM moving from 87.78 Cr to 82.82 Cr.
Insights icon
In the last 5 years, DSP Nifty 50 Equal Weight Index Fund Direct Growth has given 20.51% return, outperforming this fund by 4.88% per annum.
Insights icon
In the last 3 years, Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth has given 20.87% return, outperforming this fund by 7.97% per annum.

LIC MF BSE Sensex Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.19% since inception which is less than its category average return of 16.79%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.86% in Equity, 0% in Debt and 0.14% in Cash related instruments
AUM size ₹83 Cr

AUM size ₹83 Cr

This fund has AUM of ₹83 Cr which is less than its category average of ₹ 806 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions for LIC MF BSE Sensex Index Fund Direct Growth

The current NAV of LIC MF BSE Sensex Index Fund Direct Growth is ₹161.63 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
LIC MF BSE Sensex Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.84%
1.84%
6 Month Returns
6.18%
6.18%
1 Year Returns
20.72%
20.72%
3 Years Returns
43.93%
12.91%
5 Years Returns
106.63%
15.62%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.38% as on November 2024
₹83 Cr as on November 2024
HDFC Bank Ltd(14.32%), ICICI Bank Ltd(9.93%), Reliance Industries Ltd(9.83%), Infosys Ltd(6.91%), ITC Ltd(4.96%) as on November 2024
Financial Services(37.88%), Tech(14.45%), Energy(9.83%) as on November 2024
The alpha ratio for the LIC MF BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF BSE Sensex Index Fund Direct Growth
-0.41
-0.37
-0.37
As on November 2024
The alpha for LIC MF BSE Sensex Index Fund Direct Growth is calculated against S&P BSE SENSEX 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 BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF BSE Sensex Index Fund Direct Growth
1
1
0.99
As on November 2024
The Beta for LIC MF BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX 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 BSE Sensex 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 BSE Sensex Index Fund Direct Growth
1.01
0.56
0.58
As on November 2024
The sharpe ratio for LIC MF BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX 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 BSE Sensex 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 BSE Sensex Index Fund Direct Growth
12.2
12.23
18.51
As on November 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 0.95 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sumit Bhatnagar is the fund manager of LIC MF BSE Sensex Index Fund Direct Growth
The Exit load of LIC MF BSE Sensex Index Fund Direct Growth is 0.25%