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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