LIC MF Nifty Next 50 Index Growth

• Alpha -1.24%
• Beta 0.99
• Sharpe Ratio0.93
• Std Deviation 16.77%
• Tracking Error 0.56%

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 95.83 crores & has delivered CAGR of 22.97% 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 Trent, Bharat Electronics, Hindustan Aeronautics & Interglobe Aviation.

The major sectors where the fund is invested are Aerospace & Defense, Personal & Household Prods., Consumer Financial Services & Retail (Apparel).

Some of the similar funds are LIC MF Nifty Next 50 Index Growth, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Regular Growth, DSP Nifty Smallcap250 Quality 50 Index Fund Regular Growth, Edelweiss Nifty 50 Index Fund Regular Growth, Sundaram Nifty 100 Equal Wgt Gr. LIC MF Nifty Next 50 Index Growth has a sharpe ratio of 0.93 & a standard deviation of 16.77%.