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LIC MF ETF-Nifty 100

LIC MF ETF-Nifty 100
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
123.51  (As on 28-08-2018)
52-week NAV low
105.21  (As on 26-10-2018)
Expense
0.25%  (As on 28-02-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 2.17 7.55 14.26 8.78 12.61 15.23 - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Mar 17, 2016
Last Dividend
NA
Minimum Investment
5000

The LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Limited. The mutual fund is backed by the Life Insurance Corporation (LIC) of India. LIC Mutual Fund Trustee Private Limited is the trustee company.

The LIC MF Exchange Traded Fund - Nifty 100 is an open-ended scheme that replicates the Nifty 100 Index.

Investment Objectives:

The main objective of investment of the LIC MF Exchange Traded Fund - Nifty 100 is to generate returns that are proportional to the returns of securities that are represented by the NIFTY 100 Index. However, the returns are dependent on errors of tracking and there is no assurance for the realisation of the investment objectives.

Key Features of the LIC MF Exchange Traded Fund - Nifty 100

The main features of the LIC MF Exchange Traded Fund - Nifty 100 scheme can be listed as follows:

Type of fund An open-ended scheme that replicates the Nifty 100 Index.
Plans available N/A
Options under each plan N/A
Risk Moderately High
Systematic Investment Plan (SIP) Not Available
Systematic Transfer Plan (STP) Not Available
Systematic Withdrawal Plan (SWP) Not Available

Investment Amount for the LIC MF Exchange Traded Fund - Nifty 100

Minimum application amount Rs.5,000 and in multiples of Re.1 subsequently
Minimum instalment for Systematic Investment Plan (SIP) N/A
Minimum instalment for Systematic Withdrawal Plan (SWP) N/A
Minimum instalment for Systematic Transfer Plan (STP) N/A
Entry Load N/A
Exit Load Nil

Asset Allocation for the LIC MF Exchange Traded Fund - Nifty 100

Type of security Indicative Allocations (percentage of total assets) Risk Profile
Minimum Maximum Low/Medium/High
Securities which are covered by the Nifty 100 95% 100% Medium to High
Cash and cash equivalent/Money Market instruments which include CBLO 0% 5% Low

NAV Disclosure and Benchmark of the LIC MF Exchange Traded Fund - Nifty 100

The value of each unit under the LIC MF Exchange Traded Fund - Nifty 100 scheme is required to be computed and this is known as the Net Asset Value or NAV. The NAV is calculated and published by the end of every working day. The valuation is done as per the recommendation of the SEBI (Mutual Fund) Regulations, 1996. The total value of net assets under the scheme is divided by the total number of units that are outstanding under the scheme on the date of evaluation. The NAV is computed and rounded off up to 4 decimal places.

The benchmark of the LIC MF Exchange Traded Fund - Nifty 100 is NIFTY 100 INDEX.

LIC MF Exchange Traded Fund - Nifty 100 Fund Manager

The LIC MF Exchange Traded Fund - Nifty 100 scheme is managed by Mr. Sachin Relekar. He has a MMS degree in Finance along with a B.E. (Mech) degree. He has been managing the fund since 17 March 2016.

Why should you invest in LIC MF Exchange Traded Fund - Nifty 100?

LIC Mutual Fund, being backed by the Life Insurance Corporation (LIC) of India has gained trustworthiness since its inception. In addition to being one of the oldest mutual funds, it is also one of the fastest growing mutual funds. If the investment requirement of an investor is being fulfilled by the investment objectives of the LIC MF Exchange Traded Fund - Nifty 100 scheme, it is one of the best options to invest in.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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