LIC MF Nifty Next 50 Index Fund Direct Growth

LIC MF Nifty Next 50 Index Fund Direct Growth

NAV as on 24-04-2025

₹ 53.45

0.7%

1D

Inception Returns

14.8%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
734 people have invested ₹ 31.3L in LIC MF Nifty Next 50 Index Fund Direct Growth in the last three months

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

  1. LIC MF Nifty Next 50 Index Fund Direct Growth has ₹91 Cr worth of assets under management (AUM) as on Mar 2025 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 14.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.37%, 15.76% and 23.25% respectively.

Holdings

LIC MF Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Utilities, Basic Materials, Consumer Cyclical, Health, Energy, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Vedanta Ltd, Divi's Laboratories Ltd, Varun Beverages 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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.

LIC MF Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio0.32%
Benchmark
Nifty Next 50 TR INR
AUM₹91 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹200
Exit Load0%
Lock InNo Lock-in
TurnOver
17.23%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for LIC MF Nifty Next 50 Index Fund Direct Growth

Powered by IND quant engine
10
/12
46% Performance
16% Cost
10 out of 12 among Index-Nifty-Next-50
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5Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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Smaller AUM within category

Fund Distribution

as on (31-Mar-25)

  • Equity 99.5%

  • Debt & Cash 0.5%

Large cap
89.7%

Mid cap
9.9%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Sep'24

Financial Services
20.5%
Industrial
15.2%
Consumer Defensive
14.4%
Utilities
11%
Basic Materials
10.6%
Consumer Cyclical
10%
Health
5.9%
Energy
4.6%
Real Estate
3.5%
Communication
2.5%
Tech
1.9%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
10.47%
-9.51%
-7.13%
Nifty Next 50
6.33%
-5.78%
-0.99%
  • This fund’s returns stands at 10.47% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 6.33% as on Mar'25
  • This fund outperformed Nifty Next 50 by 4.14% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 91.2 Cr
₹ 81.4 Cr
₹ 89 Cr
  • AUM of the fund stands at 91.2 Cr as of Mar'25
  • AUM increased by 9.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.87% to 3.56%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.87% to 3.56%
Godrej Consumer Products Ltd's allocation increased from 1.84% to 2.49%
Godrej Consumer Products Ltd's allocation increased from 1.84% to 2.49%
Adani Energy Solutions Ltd's allocation increased from 1.15% to 1.44%
Adani Energy Solutions Ltd's allocation increased from 1.15% to 1.44%
Top Stocks sold last month
Divi's Laboratories Ltd's allocation decreased from 3.4 % to 3.3 %
Divi's Laboratories Ltd's allocation decreased from 3.4 % to 3.3 %
Varun Beverages Ltd's allocation decreased from 5.26 % to 3.26 %
Varun Beverages Ltd's allocation decreased from 5.26 % to 3.26 %
Info Edge (India) Ltd's allocation decreased from 2.67 % to 2.5 %
Info Edge (India) Ltd's allocation decreased from 2.67 % to 2.5 %
Mid Cap allocation has gone down from 11.7% to 9.9%
Mid Cap allocation has gone down from 11.7% to 9.9%
Large Cap allocation has gone up from 88.1% to 89.7%
Large Cap allocation has gone up from 88.1% to 89.7%
Cash allocation has gone up from 0.3% to 0.5%
Cash allocation has gone up from 0.3% to 0.5%

Top 3 Sectors in March were Financial Services, Industrial & Consumer Cyclical

Mar'25
Financial Services
21%
Industrial
15%
Consumer Defensive
14%
Feb'25
Financial Services
24%
Industrial
14%
Consumer Cyclical
13%
  • Equity

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth
5.37%
15.76%
23.25%
14.83%
Motilal Oswal Nifty Bank Index Fund Direct Growth
Motilal Oswal Nifty Bank Index Fund Direct Growth
16.16%
16.09%
22.44%
13.49%
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth
Motilal Oswal Nifty Midcap 150 Index Fund Direct Growth
10.22%
21.78%
32.82%
25.84%
UTI Nifty 50 Index Fund-Growth Option- Direct
UTI Nifty 50 Index Fund-Growth Option- Direct
9.84%
13.38%
22.28%
13.07%
  • Gainers

  • Losers

Fund
Mar'25
Feb'25
Jan'25
No of Holdings
52
52
52
Top 5 Company Concentration
18.2%
21.8%
20.6%
Company having highest exposure
InterGlobe Aviation Ltd (4.5%)
Zomato Ltd (7.5%)
Zomato Ltd (6.7%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
71.6%
73.6%
73.9%
Sector having highest exposure
Financial Services (20.5%)
Financial Services (23.9%)
Financial Services (24%)
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Sumit Bhatnagar
Sumit Bhatnagar
Fund Manager of LIC MF Nifty Next 50 Index Fund Direct Growth, since 3 October 2023
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.68K Cr
as on 31-Mar-2025
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.32% which is lower than the category average expense ratio of 0.43%.
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In the last 3 years, Axis Nifty Midcap 50 Index Fund Direct Growth has given 23.41% return, outperforming this fund by 7.65% per annum.
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In the last 5 years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth has given 34.68% return, outperforming this fund by 11.42% per annum.
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Over the last 1 month, this fund has experienced a 12.0% growth in AUM moving from 81.42 Cr to 91.22 Cr.
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In the last 1 year, Navi Nifty Bank Index Fund Direct Growth has given 16.21% return, outperforming this fund by 10.84%.

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 14.83% since inception which is more than its category average return of 9.9%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.53% in Equity, 0% in Debt and 0.47% in Cash related instruments
AUM size ₹91 Cr

AUM size ₹91 Cr

This fund has AUM of ₹91 Cr which is less than its category average of ₹ 755 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 0.55%

Frequently Asked Questions for LIC MF Nifty Next 50 Index Fund Direct Growth

The current NAV of LIC MF Nifty Next 50 Index Fund Direct Growth is ₹53.45 as on 24-Apr-2025.
Existing (Absolute + CAGR) as on 24-Apr-2025.
LIC MF Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.98%
4.98%
6 Month Returns
-6.67%
-6.67%
1 Year Returns
5.37%
5.37%
3 Years Returns
55.13%
15.76%
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0.32% as on March 2025
₹91 Cr as on March 2025
InterGlobe Aviation Ltd(4.5%), Hindustan Aeronautics Ltd Ordinary Shares(3.56%), Vedanta Ltd(3.54%), Divi's Laboratories Ltd(3.3%), Varun Beverages Ltd(3.26%) as on March 2025
Financial Services(20.44%), Industrial(15.08%), Consumer Defensive(14.3%) as on March 2025
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
-0.52
-0.36
-0.49
As on March 2025
The alpha for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated against 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
0.99
0.99
0.99
As on March 2025
The Beta for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated with 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
-0.01
0.51
1
As on March 2025
The sharpe ratio for LIC MF Nifty Next 50 Index Fund Direct Growth is calculated with 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
22.79
20.28
18.46
As on March 2025
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 0.78 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sumit Bhatnagar is the fund manager of LIC MF Nifty Next 50 Index Fund Direct Growth
The Exit load of LIC MF Nifty Next 50 Index Fund Direct Growth is 0%