INF397L01174

LIC MF Nifty Next 50 Index Growth

Very High Risk Index Funds Equity

NAV (Mon Apr 08 2024)

₹47

Returns (Since Inception)

22.05%

Category Average

0.00%

Rating

NA

Allocation and Holdings

Asset class

Weightage

Consumer Cyclical

7.66%

Industrials

7.43%

Financial Services

6.58%

Utilities

6.29%

Energy

3.41%

Real Estate

3.25%

ad banner to download
Get your personalized mutual fund portfolio in 2 minutes.
rating icon4.5

Overall rating

100K+Downloads

Scheme Information

Fund name

LIC MF Nifty Next 50 Index Growth


Minimum SIP

1000


Risk Level

Very High Risk


AUM

₹71.28 Cr


ISIN

INF397L01174


Inception Date

Jan 01 1970


Standard Deviation

16.792


Beta

0.99


Sharpe Ratio

0.908


Benchmark

IISL Nifty Next 50 TR INR

Risk

Very High Risk

Investment Objective

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.

Fund Managers

Rupali Pandit

About the AMC

LIC Mutual Fund Asset Management Limited


Phone Number

+91 022-66016000

Email Address

cs.co@licmf.com

Corporate Office Address

LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,

Overall AUM

₹71.28 Cr


Popular Equity funds

View all Funds

Expert designed mutual fund portfolios

Mutual Funds are a smart way to grow your money. They can help you achieve your financial goals as they have the potential to generate higher-than-inflation returns.

Mutual fund cover img

frequently asked questions

view all FAQs
arrow

What is the current NAV of LIC MF Nifty Next 50 Index Growth?

The NAV of LIC MF Nifty Next 50 Index Growth is ₹47 as of Mon Apr 08 2024.

Net asset value, or NAV for short, is a mutual fund's cost per unit. Consider it the share price of a stock, but one that represents the total worth of all the investments made by the fund. This value affects how much you pay to invest or receive when redeeming units, and it changes every day based on changes in the market. Gaining insight into NAV enables you to evaluate a fund's performance and make wise investment choices.

arrow

Who is the fund manager of LIC MF Nifty Next 50 Index Growth?

Rupali Pandit is the current fund manager of LIC MF Nifty Next 50 Index Growth as on Tue Apr 09 2024. A fund manager's performance history, investment style and strategy, approach to risk management, tenure and experience, fees and charges, and alignment with investor goals all have an impact on the fund performance.

arrow

What is the expense ratio of LIC MF Nifty Next 50 Index Growth?

The Expense Ratio of LIC MF Nifty Next 50 Index Growth is 0.00% as of Tue Apr 09 2024 which means if you earn ₹50,000 worth returns on an investment in this fund then 0.00% of those returns will be retained by the AMC.

The annual fees you pay the mutual fund firm to manage your investments in that fund are known as the Expense Ratio. The Expense Ratio is deducted from the returns that the fund generates and expressed as a percentage of Assets Under Management (AUM).

Because a smaller portion of the gains will be retained, a fund with a lower expense ratio is always preferable because it will result in larger returns for you.

arrow

What is the minimum SIP amount of LIC MF Nifty Next 50 Index Growth?

The minimum Systematic Investment Plan (SIP) amount required for LIC MF Nifty Next 50 Index Growth is ₹1,000. A Systematic Investment Plan (SIP) is an investment approach in mutual funds where an investor selects a mutual fund scheme and invests a fixed amount at regular intervals. The SIP investment strategy involves investing a small amount consistently over time, as opposed to investing a large sum in a single instance. This method aims to potentially yield higher returns over the long term by leveraging the benefits of rupee cost averaging and compounding.

arrow

What is the minimum lump sum amount required to invest in LIC MF Nifty Next 50 Index Growth?

To initiate a lump sum investment in LIC MF Nifty Next 50 Index Growth, a minimum initial amount of ₹5,000 is necessary. This means that to participate in this investment option, investors must commit a starting sum of at least INR 5000. A lumpsum investment is a common approach to investing money in financial instruments such as mutual funds. This method involves investing a substantial sum of money in a financial instrument in a single transaction, as opposed to making multiple smaller payments over time.

arrow

What is risk category of the LIC MF Nifty Next 50 Index Growth?

In accordance with SEBI regulations, mutual funds are required to disclose the risk associated with investing, categorized into five levels: (a) Low: Low risk to principal, (b) Moderately Low: Moderately low risk to principal, (c) Moderate: Moderate risk to principal, (d) Moderately High: Moderately high risk to principal, (e) High: High risk to principal. The risk category of LIC MF Nifty Next 50 Index Growth is classified as Very High Risk.

arrow

What is the category of LIC MF Nifty Next 50 Index Growth?

The category of the LIC MF Nifty Next 50 Index Growth is Equity.

it’s time to grow your wealth

3 users1+ Lac investors are growing their wealth with Stack.
stack mb