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.
LIC MF Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 62.62%, 22.83% and 22.71% respectively.
LIC MF Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate, Communication, Health. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp Ltd
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty Next 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty Next 50 Index (Total Returns Index) and the Scheme.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Nifty Next 50 Index Fund Direct Growth has no lock in period.
Expense ratio | 0.32% |
Benchmark | IISL Nifty Next 50 TR INR |
AUM | ₹90 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 99.24% |
Risk | Very High Risk |
LIC MF Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.36% | 0.36% |
6 Month Returns | 32.61% | 32.61% |
1 Year Returns | 62.62% | 62.62% |
3 Years Returns | 85.29% | 22.83% |
5 Years Returns | 178.24% | 22.71% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | -0.49 | -0.29 | -0.48 |
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 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 3.18 | 1.02 | 0.85 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 13.91 | 16.83 | 19.28 |