LIC Nifty Next 50 Index Fund - Direct Plan - Growth

LIC Nifty Next 50 Index Fund - Direct Plan - Growth

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NAV: ₹ 36.6 as on 22-09-2023

Fund Performance
zero opening, trading, fund transfer fee
144 people have invested ₹ 2.9L in LIC Nifty Next 50 Index Fund - Direct Plan - Growth in the last three months

Fund Insights

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Over the last 1 month, this fund has experienced a 2.5% drop in AUM moving from 56.99 Cr to 55.59 Cr.
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In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 10.13% return, outperforming this fund by 0.14% per annum.
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In the last 3 years, DSP Nifty Next 50 Index Fund Direct Growth has given 20.2% return, outperforming this fund by 0.31% per annum.
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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%.
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In the last 1 year, HDFC NIFTY Next 50 Index Fund Direct Growth has given 2.82% return, outperforming this fund by 0.36%.

INDmoney Rank

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10
/11
16% Performance
13% Cost
10 out of 11 among Index-Nifty-Next-50

Pros

Beats FD returns for both 3Y & 5Y

Cons

Higher tracking error

Smaller AUM within category

About the Fund

LIC Nifty Next 50 Index Fund - Direct Plan - 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

  1. LIC Nifty Next 50 Index Fund - Direct Plan - Growth has ₹56 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 0.3.

LIC Nifty Next 50 Index Fund - Direct Plan - Growth Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹56 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
99.24%

Fund Distribution as on (31-Aug-23)

  • Equity 99.7%

  • Debt & Cash 0.3%

Size breakup

Large cap
86.7%
Mid cap
13%

Sector Allocation

Aug'23

Jul'23

Jun'23

Basic Materials

20.4%

Financial Services

19%

Industrial

18.5%

Consumer Defensive

16.7%

Utilities

8%

Consumer Cyclical

7.2%

Communication

3.7%

Energy

2.7%

Real Estate

2.5%

Health

1.4%

Top Holdings of LIC Nifty Next 50 Index Fund - Direct Plan - Growth as on (31-Aug-23)

  • Equity

Equity Holdings50

LIC Nifty Next 50 Index Fund - Direct Plan - Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-1.87%
3.58%
4.08%
Nifty Next 50
-2.43%
2.23%
3.79%
  • This fund’s returns stands at -1.87% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -2.43% as on Aug'23
  • This fund outperformed Nifty Next 50 by 0.57% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 55.6 Cr
₹ 57 Cr
₹ 56.1 Cr
  • AUM of the fund stands at 55.6 Cr as of Aug'23
  • AUM decreased by 1.4 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Gainers & Losers in LIC Nifty Next 50 Index Fund - Direct Plan - Growth portfolio Returns for the month of Aug

Fund Highlights

Risk meter
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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 13.11% since inception which is less than its category average return of 14.13%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.68% in Equity, 0% in Debt and 0.32% in Cash related instruments
AUM size ₹56 Cr

AUM size ₹56 Cr

This fund has AUM of ₹56 Cr which is less than its category average of ₹ 560 Cr
Expense Ratio 0.32%

Expense Ratio 0.32%

This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of LIC Nifty Next 50 Index Fund - Direct Plan - Growth is ₹36.57 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
LIC Nifty Next 50 Index Fund - Direct Plan - Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.89%
1.89%
6 Month Returns
18.94%
18.94%
1 Year Returns
2.46%
2.46%
3 Years Returns
72.3%
19.89%
5 Years Returns
61.02%
10%
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0.32% as on August 2023
₹56 Cr as on August 2023
Bharat Electronics Ltd(3.87%), Cholamandalam Investment and Finance Co Ltd(3.59%), Pidilite Industries Ltd(3.1%), Godrej Consumer Products Ltd(3.1%), Hindustan Aeronautics Ltd Ordinary Shares(2.96%) as on August 2023
Basic Materials(20.36%), Financial Services(18.89%), Industrial(18.41%) as on August 2023
The alpha ratio for the LIC Nifty Next 50 Index Fund - Direct Plan - Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC Nifty Next 50 Index Fund - Direct Plan - Growth
-0.33
-0.57
-0.47
As on August 2023
The alpha for LIC Nifty Next 50 Index Fund - Direct Plan - 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 Nifty Next 50 Index Fund - Direct Plan - Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC Nifty Next 50 Index Fund - Direct Plan - Growth
0.99
0.99
0.99
As on August 2023
The Beta for LIC Nifty Next 50 Index Fund - Direct Plan - 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 Nifty Next 50 Index Fund - Direct Plan - Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
LIC Nifty Next 50 Index Fund - Direct Plan - Growth
-0.25
0.83
0.22
As on August 2023
The sharpe ratio for LIC Nifty Next 50 Index Fund - Direct Plan - 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 Nifty Next 50 Index Fund - Direct Plan - Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
LIC Nifty Next 50 Index Fund - Direct Plan - Growth
14.59
16.65
19.51
As on August 2023
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 1.47 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of LIC Nifty Next 50 Index Fund - Direct Plan - Growth is 0%