LIC MF ETF-Sensex

LIC MF ETF-Sensex
Dividend Yearly
NA
Category
Equity - ETF
52-week NAV high
432.23  (As on 28-11-2019)
52-week NAV low
363.20  (As on 10-12-2018)
Expense
0.1%  (As on 31-10-2019)

Performance

1 mnth 3 mnth 6 mnth 1 yr 2 yr 3 yr 4 yr 5 yr 10 yr
Fund Returns 1.32 11.35 2.46 14.96 12.83 17.05 13.68 - -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Nov 30, 2015
Last Dividend
NA
Minimum Investment
5000

LIC Mutual Fund Exchange Traded Fund - Sensex is well-suited for investors who are looking for a long-term investment plan that invests in securities covered by the S&P BSE SENSEX. The units of this scheme are listed under the Bombay Stock Exchange Ltd. (BSE) as well as the National Stock Exchange Of India Ltd. (NSE), and can be bought and sold on both the exchanges all business days based on the prevailing NAV.

Investment Objective of LIC Mutual Fund Exchange Traded Fund - Sensex

The primary objective of the scheme is to generate returns similar to the returns generated from securities that are represented by the S&P BSE SENSEX by holding the same proportion of stocks under S&P BSE SENSEX. Please note that this scheme is subject to tracking errors. Additionally, it should be noted that this asset management company (AMC)does not promise that the objective of this plan will be achieved and the investor will earn guaranteed returns.

Key Features of LIC Mutual Fund Exchange Traded Fund - Sensex

Check out the significant features of the LIC Mutual Fund Exchange Traded Fund - Sensex scheme as indicated in the table below in order to learn whether it is the right fit according to your specific investment goals and risk capacity:

Type of fund

An open-ended scheme that replicates the Sensex Index

Plans available

Not Applicable

Options under each plan

Not applicable

Risk

Moderately high

Systematic Investment Plan

Not available

Systematic Transfer Plan

Not available

Systematic Withdrawal Plan

Not available

Investment Amount for LIC Mutual Fund Exchange Traded Fund - Sensex

The table mentioned below enlists all the applicable charges under the LIC Mutual Fund Exchange Traded Fund - Sensex plan:

Minimum application amount

Rs.5,000 and subsequently in multiples of Re.1

Entry Load

Not applicable

Exit Load

Nil

Asset Allocation for LIC Mutual Fund Exchange Traded Fund - Sensex

Instruments

Allocations (Percentage of total assets)

Risk Profile

Securities covered by the S&P BSE SENSEX

95% to 100%

Medium to high

Cash and cash equivalent along with money market instruments including collateralized borrowing and lending obligation (CBLO) with maximum tenure for maturity of 91 days

0% to 5%

Low

Please note that this scheme shall not invest in derivatives, securitised debt instruments, and foreign securities. Additionally, this mutual fund will also not engage in short selling activities as well as lending and borrowing of securities.

NAV Disclosure and Benchmark for LIC Mutual Fund Exchange Traded Fund - Sensex

NAV - The first Net Asset Value (NAV) of units under this scheme will be calculated and disclosed by the AMC within 5 business days starting from the closure of allotment. The NAV will be calculated by the AMC at the end of each working day and published in a minimum of 2 daily newspapers with circulation across India. The AMC will also display the NAVs on its official website at www.licmf.com and on the website of Association of Mutual Funds of India (AMFI) at www.amfiindia.com by the end of every business day by 9:00 p.m.

Furthermore, the monthly portfolio of the scheme in addition to the International Securities Identification Number (ISIN) will also be available on the mutual fund website on or before the 10th of the next month.

Benchmark Index - The benchmark followed by the LIC Mutual Fund Exchange Traded Fund - Sensex scheme is S&P BSE SENSEX.

LIC Mutual Fund Exchange Traded Fund - Sensex Fund Manager

The fund manager of LIC Mutual Fund Exchange Traded Fund - Sensex is Mr. Sachin Relekar who has been managing this scheme since 30 November 2015. Mr. Relekar uses his years of experience and extensive knowledge derived from his long career in the industry to help investors choose the right investment strategy in order to achieve their specific investment goals while keeping in mind their risk-taking capacities.

Why You Should Invest in LIC Mutual Fund Exchange Traded Fund - Sensex

  • This scheme helps unitholders generate returns in line with the returns from the S&P BSE SENSEX.
  • The units of this mutual fund can easily be purchased or sold on the exchange at any time during the market hours through the numerous terminals across the country.
  • The units of this investment plan can be purchased or sold at real-time prices that are close to the NAV of the mutual fund.
  • Investors do not have to fill a separate form in order to purchase or sell units.
  • Unitholders can place limit orders under this plan.
  • This scheme offers protection to long-term investors against the inflows and outflows of short-term investors.
  • The minimum investment that can be made under this scheme is one unit.
  • This mutual fund helps increase the liquidity of the underlying cash market and supports low cost arbitrage between the futures and cash markets.
  • This scheme offers flexibility to investors by allowing them to gain instant exposure to the equity markets, for hedging, or to arbitrage between the futures and cash market.
  • Since this fund is in demat form, it offers investors a integrated view of his or her investments without including multiple account statements.

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