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LIC MF ETF-Nifty 50

LIC MF ETF-Nifty 50
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
122.04  (As on 16-04-2019)
52-week NAV low
103.56  (As on 26-10-2018)
Expense
0.1%  (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 2.35 8.27 15.11 11.81 14.13 15.41 - - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Nov 20, 2015
Last Dividend
NA
Minimum Investment
5000

The LIC Mutual Fund is sponsored by the Life Insurance Corporation (LIC) of India. The asset management company or AMC to the LIC Mutual Fund is LIC Mutual Fund Asset Management Limited. LIC Mutual Fund Trustee Private Limited is the trustee to the mutual fund.

The LIC MF Exchange Traded Fund - Nifty 50 is an open-ended scheme that replicates the Nifty 50 Index.

Investment Objectives of the LIC MF Exchange Traded Fund - Nifty 50

The main objective of investment of the LIC MF Exchange Traded Fund - Nifty 50 is to facilitate the provision of returns that are closely correspondent to the overall returns of securities that are represented by the Nifty 50 Index. However, it is tracking errors play a role in this case.

Key Features of the LIC MF Exchange Traded Fund - Nifty 50

The key features of the LIC MF Exchange Traded Fund - Nifty 50 are as follows:

Type of fund

An open-ended scheme that replicates the Nifty 50 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 50

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 50

Type of security

Indicative Allocations (percentage of total assets)

Risk Profile

Minimum

Maximum

Low/Medium/High

Securities which are covered by the Nifty 50

95%

100%

Medium to High

Cash and cash equivalent/Money Market instruments that also include CBLO

0%

5%

Low

NAV Disclosure and Benchmark of the LIC MF Exchange Traded Fund - Nifty 50

The Net Asset Value or NAV of each unit under the LIC MF Exchange Traded Fund - Nifty 50 scheme is required to be calculated and published by the end of every working day. The Net Asset Value is calculated on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. The NAV is calculated and rounded off up to 4 decimal places. The following formula is used for the purpose of calculating the NAV:

Net Asset Value (NAV) = Market value or Fair value of the investments under the scheme + Current assets - Current liabilities and provisions / Number of outstanding units under the scheme on the date of computation.

The benchmark of the LIC MF Exchange Traded Fund - Nifty 50 scheme is NIFTY 50 Index.

LIC MF Exchange Traded Fund - Nifty 50 Fund Manager

The fund manager for the LIC MF Exchange Traded Fund - Nifty 50 scheme is Mr. Sachin Relekar. He has a MMS (Finance) degree from Jamnalal Bajaj Institute of Management Studies along with a B.E. (Mech) degree from K.E.S. College of Engineering, Inslampur. He has been managing the fund since 20 November 2015.

Why should you invest in LIC MF Exchange Traded Fund - Nifty 50 scheme?

The LIC Mutual Fund is one of the oldest mutual funds in India and also one of the fastest growing funds. It has added leverage as it is backed by the Life Insurance Corporation (LIC) of India which is one of the most trusted insurance companies in India. This makes the LIC Mutual Fund highly reliable. If an investor is looking for returns that replicate the Nifty 50 Index, the LIC MF Exchange Traded Fund - Nifty 50 scheme 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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