FAQ : LIC MF Nifty Next 50 Index Fund - Growth

LIC MF Nifty Next 50 Index Fund - Growth has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 57.91 18.27 19.03 14.67
Average Rolling Returns(%) 18.83 15.11 13.19 12.95

The Current NAV of LIC MF Nifty Next 50 Index Fund - Growth is ₹52.70.

You should look for a fund with better more consistent performance track record. However, funds returns unlikely to be different than its benchmark NIFTY NEXT 50, as the Funds portfolio is similar to its benchmark.

LIC MF Nifty Next 50 Index Fund - Growth fund’s expense ratio is 0.90%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of LIC MF Nifty Next 50 Index Fund - Growth is currently ₹94 Crores.

The Top three stocks are Hindustan Aeron, Vedanta and Divis Lab and account for 13% of its portfolio. Top 5 and 10 stocks of fund account for 20% and 37% of fund’s portfolio respectively.

Top three sectors of LIC MF Nifty Next 50 Index Fund - Growth fund are BFSI, Capital Goods and Construction & Infrastructure accounting for 49% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Index Funds - Nifty Next 50 it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of LIC MF Nifty Next 50 Index Fund - Growth Fund is Index Funds - Nifty Next 50.

Sumit Bhatnagar manages the LIC MF Nifty Next 50 Index Fund - Growth Fund.

LIC MF Nifty Next 50 Index Fund - Growth current PE ratio is 61.24 and PB ratio is 8.79

The asset allocation of LIC MF Nifty Next 50 Index Fund - Growth is Stocks : 99.66%, Debt : 0.30% and Gold : 0%

The minimum SIP amount for LIC MF Nifty Next 50 Index Fund - Growth is ₹200.00 and minimum lumpsum is ₹5000.00

The exit load for LIC MF Nifty Next 50 Index Fund - Growth is Nil

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