LIC MF Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 20-12-2024
₹ 55.62
1D
Inception Returns
15.6%
/yr
About LIC MF Nifty Next 50 Index Fund Direct Growth
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 Sumit Bhatnagar. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Nifty Next 50 Index Fund Direct Growth has ₹97 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
LIC MF Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 15.65% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.22%, 20.04% and 19.58% 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, Utilities, Consumer Defensive, Health, Communication, Real Estate, Tech, Energy. Its top holdings are Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, InterGlobe Aviation 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 benefitDividends 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 200.00. LIC MF Nifty Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
INDmoney Rank for LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth Overview
| Expense ratio | 0.32% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹97 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹200 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 17.23% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.20% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty Next 50 by 1.92% in Nov'24
- AUM of the fund stands at 94.4 Cr as of Nov'24
- AUM decreased by 7.1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Industrial & Basic Materials
Top Growth Drivers | 1M Return |
|---|---|
 Info Edge (India) Ltd | 16.4% |
 Siemens Ltd | 15.4% |
 Interglobe Aviation Ltd | 8.5% |
Mutual Fund Insights
LIC MF Nifty Next 50 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹97 Cr
Expense Ratio 0.32%
Frequently Asked Questions for LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.38% | 1.38% |
6 Month Returns | -3.93% | -3.93% |
1 Year Returns | 35.22% | 35.22% |
3 Years Returns | 72.95% | 20.04% |
5 Years Returns | 144.48% | 19.58% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | -0.5 | -0.34 | -0.49 |
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 | 2 | 0.77 | 0.77 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Nifty Next 50 Index Fund Direct Growth | 16.97 | 17.86 | 19.68 |