LIC MF Nifty Next 50 Index Fund Direct Growth

LIC MF Nifty Next 50 Index Fund Direct Growth

Compare
Equity
Direct
Index Funds
NAV: ₹ 57.27 as on 13-06-2024

About the Fund

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

  1. LIC MF Nifty Next 50 Index Fund Direct Growth has ₹80 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

LIC MF Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 16.63% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 63.74%, 21.91% and 21.04% respectively.

Holdings

LIC MF Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Consumer Cyclical, Consumer Defensive, Utilities, Energy, Real Estate, Health, Communication. Its top holdings are Bharat Electronics Ltd, Trent Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp 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 Nifty Next 50 Index Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
576 people have invested ₹ 63.6L in LIC MF Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
11
/12
31% 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

Overview

Expense ratio
Expense ratio
0.32%
Benchmark
Benchmark
IISL Nifty Next 50 TR INR
AUM
AUM
₹80 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
99.24%

LIC MF Nifty Next 50 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Large cap
89.6%
Mid cap
9.7%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
23.8%
Industrial
19.3%
Basic Materials
13.2%
Consumer Cyclical
12.1%
Consumer Defensive
11.1%
Utilities
9.5%
Energy
3.2%
Real Estate
2.9%
Health
2.5%
Communication
2.4%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
6.99%
2.80%
6.73%
Nifty Next 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 6.99% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty Next 50 by 6.36% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 73.9 Cr
₹ 73.9 Cr
₹ 71.3 Cr
  • AUM of the fund stands at 73.9 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of LIC MF Nifty Next 50 Index Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings50

Gainers & Losers Returns for the month of Apr

Mutual Fund Insights

Insights icon
In the last 3 years, Kotak Nifty Next 50 Index Fund Direct Growth has given 22.13% return, outperforming this fund by 0.21% per annum.
Insights icon
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%.
Insights icon
In the last 5 years, UTI Nifty Next 50 Index Fund Direct Growth has given 21.32% return, outperforming this fund by 0.28% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 38.0% growth in AUM moving from 58.03 Cr to 80.06 Cr.
Insights icon
In the last 1 year, SBI Nifty Next 50 Index Fund Direct Growth has given 64.18% return, outperforming this fund by 0.44%.

LIC MF Nifty Next 50 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 16.63% since inception which is less than its category average return of 21.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.37% in Equity, 0% in Debt and 0.63% in Cash related instruments
AUM size ₹80 Cr

AUM size ₹80 Cr

This fund has AUM of ₹80 Cr which is less than its category average of ₹ 733 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 0.53%

Frequently Asked Questions

The current NAV of LIC MF Nifty Next 50 Index Fund Direct Growth is ₹57.27 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
LIC MF Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.77%
9.77%
6 Month Returns
38.06%
38.06%
1 Year Returns
63.74%
63.74%
3 Years Returns
81.2%
21.91%
5 Years Returns
159.81%
21.04%
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 May 2024
₹80 Cr as on May 2024
Bharat Electronics Ltd(5.21%), Trent Ltd(4.95%), Hindustan Aeronautics Ltd Ordinary Shares(4.6%), Tata Power Co Ltd(3.66%), Power Finance Corp Ltd(3.51%) as on May 2024
Financial Services(22.55%), Industrial(21.86%), Basic Materials(12.77%) as on May 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
-0.46
-0.29
-0.48
As on May 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 May 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
3.07
0.96
0.78
As on May 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
13.79
16.66
19.25
As on May 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 1.69 as on May 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%