LIC MF Nifty Next 50 Index Fund - Growth - Direct Plan

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  • Net Change on 14-06-2024

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Fund Overview Growth | Direct Plan

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  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

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Fund Objective

The investment objective of the scheme is to invest only in and all the stocks comprising the CNX Nifty Junior 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 CNX Nifty Junior Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the CNX Nifty Junior Index as and when the derivative products on the same are made available. The scheme will adopt a passive investment strategy andwill seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the Scheme.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
LIC MF Nifty Next 50 Index Fund-Direct Plan-Growth 10.04 23.84 63.66 22.21 21.25 16.70
NIFTY 50 - TRI N/A N/A N/A N/A N/A N/A
NIFTY NEXT 50 - TRI N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
LIC MF Nifty Next 50 Index Fund-Direct Plan-Growth Jan 01, 2013 63.66 22.21 21.25 0.32 84.08
ICICI Prudential Nifty Next 50 Index Fund - Direct Plan - Growth Jan 01, 2013 64.07 22.16 21.26 0.30 5,283.54
UTI Nifty Next 50 Index Fund - Direct Plan - Growth Option Jun 28, 2018 64.08 22.18 21.53 0.34 4,067.78
DSP Nifty Next 50 Index Fund - Direct Plan - Growth Feb 21, 2019 64.10 22.29 21.28 0.30 613.85

Fund Holdings as on 31-May-2024

  • Bharat Electronics Ltd.

  • Trent Ltd.

  • Hindustan Aeronautics Ltd.

  • Tata Power Company Ltd.

  • Power Finance Corporation Ltd.

  • REC Ltd.

  • Siemens Ltd.

  • Vedanta Ltd.

  • InterGlobe Aviation Ltd.

  • Indian Oil Corporation Ltd.

  • GAIL (India) Ltd.

  • DLF Ltd.

  • Cholamandalam Investment & Fin Co Ltd.

  • TVS Motor Company Ltd.

  • Bank of Baroda

  • Godrej Consumer Products Ltd.

  • Havells India Ltd.

  • Pidilite Industries Ltd.

  • Info Edge (India) Ltd.

  • ABB India Ltd.

  • ICICI Lombard General Insurance Co. Ltd.

  • Canara Bank

  • Punjab National Bank

  • Jindal Steel & Power Ltd.

  • Ambuja Cements Ltd.

  • Samvardhana Motherson International Ltd.

  • Colgate Palmolive (India) Ltd.

  • United Spirits Ltd.

  • Jio Financial Services Ltd.

  • Shree Cement Ltd.

  • SRF Ltd.

  • Dabur India Ltd.

  • Indian Railway Catering &Tou. Corp. Ltd.

  • Zomato Ltd.

  • Marico Ltd.

  • Bosch Ltd.

  • Zydus Lifesciences Ltd.

  • Torrent Pharmaceuticals Ltd.

  • ICICI Prudential Life Insurance Co Ltd.

  • Adani Power Ltd.

  • Adani Green Energy Ltd.

  • SBI Cards & Payment Services Ltd.

  • VARUN BEVERAGES LIMITED

  • Avenue Supermarts Ltd.

  • Berger Paints (I) Ltd.

  • Treps

  • Bajaj Holdings & Investment Ltd.

  • Adani Energy Solutions Ltd.

  • Indian Railway Finance Corporation Ltd.

  • Adani Total Gas Ltd.

  • Life Insurance Corporation of India

  • Net Receivables / (Payables)

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  • Electric Equipment

  • Finance Term Lending

  • Bank - Public

  • Power Generation/Distribution

  • Retailing

  • Household & Personal Products

  • Finance - NBFC

  • Engineering - Industrial Equipments

  • Defence

  • Chemicals

  • Cement & Construction Materials

  • Insurance

  • Auto Ancillary

  • Metal - Non Ferrous

  • Refineries

  • Airlines

  • Industrial Gases & Fuels

  • Construction - Real Estate

  • Consumer Food

  • Automobile Two & Three Wheelers

  • Pharmaceuticals & Drugs

  • BPO/ITeS

  • Steel/Sponge Iron/Pig Iron

  • Breweries & Distilleries

  • Travel Services

  • e-Commerce

  • Miscellaneous

  • Paints

  • Gas Transmission/Marketing

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Fund Manager

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About LIC MF Nifty Next 50 Index Fund

Scheme Analysis

LIC MF Nifty Next 50 Index Fund is a Index Funds - Nifty Next 50 fund and belongs to LIC Mutual Fund. It was launched on 01-Jan-2013 and currently has an AUM of ₹84.08 crore. LIC MF Nifty Next 50 Index Fund is benchmarked against NIFTY 50 - TRI as primary index and NIFTY NEXT 50 - TRI as secondary index.

The NAV of LIC MF Nifty Next 50 Index Fund ended up ₹0.84(1.47%)yesterday to ₹58.1117.

Among its top 3 holdings the fund has exposure to Bharat Electronics Ltd., and

The LIC MF Nifty Next 50 Index Fund is managed by Sumit Bhatnagar .

Fund House Contact

4th Floor, Industrial Assurance Building, Opp. Churchgate Station, Mumbai - 400 020

022-66016000
service@licnomuramf.com
022-22880633