LIC MF Nifty Next 50 Index Growth

• Alpha -1.24%
• Beta 0.99
• Sharpe Ratio0.67
• Std Deviation 19.45%
• 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 96.57 crores & has delivered CAGR of 21.23% 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 200.

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

The top holdings of the fund include Interglobe Aviation, Hindustan Aeronautics, Divis Laboratories & Vedanta.

The major sectors where the fund is invested are Electric Utilities, Biotechnology & Drugs, Consumer Financial Services & Regional Banks.

Some of the similar funds are LIC MF Nifty Next 50 Index Growth, LIC MF BSE Sensex Index Growth, UTI Nifty50 Equal Weight Index Fund Regular Growth, Groww Nifty Smallcap 250 Index Fund Regular Growth, ICICI Prudential Nifty200 Value 30 Index Fund Regular Growth. LIC MF Nifty Next 50 Index Growth has a sharpe ratio of 0.67 & a standard deviation of 19.45%.