LIC MF Nifty Next 50 Index Growth | Mutual Fund Performance | Mint
Active Stocks
Fri Feb 23 2024 15:58:13
  1. Tata Steel share price
  2. 145.50 -0.24%
  1. State Bank Of India share price
  2. 759.40 -0.86%
  1. HDFC Bank share price
  2. 1,420.90 0.08%
  1. NTPC share price
  2. 337.70 -0.54%
  1. ITC share price
  2. 411.60 -0.65%
Business News/Market/Market Stats/    LIC MF Nifty Next 50 Index Growth

LIC MF Nifty Next 50 Index Growth

+
  • Index Funds
  • Index Funds
  • Rating 4
  • Plan
43.98 +0.12 (0.27%) NAV as on 23 Feb, 2024
  • 5D
  • 1M
  • 6M
  • 1Y
  • 5Y
  • MAX

Key Metrics

  • AUM (in Cr)66.78
  • CAGR 56.58%
  • Exit Load0.00%
  • Expense ratio0.90%
  • CategoryIndex Funds
  • Min Investment5000
  • Min SIP1000
  • Launch Date2010-09-20

Morning Star Rating 4

Medium
Risk
Exceptional
Return

Asset Allocation

Holdings As On - 24 February 2024

  • Name
  • Value (Cr)
  • Holding %
  • DLF
  • 2.07
  • 3.09%
View More

Risk & Volitility

  • Alpha -1.24%
  • Beta 0.99
  • Sharpe Ratio0.87
  • Std Deviation 16.93%
  • Tracking Error 0.56%

About Fund

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.

 

The LIC MF Nifty Next 50 Index Growth has an AUM of 66.78 crores & has delivered CAGR of 17.44% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 0.90%. The minimum investment in LIC MF Nifty Next 50 Index Growth is Rs 5000 and the minimum SIP is Rs 1000.

 

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

 

The top holdings of the fund include Shriram Finance, Trent, Bharat Electronics & Tata Power.

 

The major sectors where the fund is invested are Consumer Financial Services, Personal & Household Prods., Aerospace & Defense & Chemical Manufacturing.

 

Some of the similar funds are LIC MF Nifty Next 50 Index Growth, Kotak Nifty 200 Momentum 30 Index Fund Regular Growth, Aditya Birla Sun Life Nifty Next 50 Index Fund Regular Growth, Sundaram Nifty 100 Equal Wgt Gr, UTI Nifty 500 Value 50 Index Fund Regular Growth. LIC MF Nifty Next 50 Index Growth has a sharpe ratio of 0.87 & a standard deviation of 16.93%.

FAQs about LIC MF Nifty Next 50 Index Growth

According to the morning star rating LIC MF Nifty Next 50 Index Growth has a Medium risk & Exceptional return.
LIC MF Nifty Next 50 Index Growth is managed by Sumit Bhatnagar.
The expense ratio of LIC MF Nifty Next 50 Index Growth is 0.90%.
The 5 year annualized return on LIC MF Nifty Next 50 Index Growth is 17.44% & it has generated 56.58% in the last 1 year.
The minimum investment in LIC MF Nifty Next 50 Index Growth is 5000 Rs.
LIC MF Nifty Next 50 Index Growth has an AUM of 66.78 crores.
Recommended For You