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LIC MF Index Fund-Nifty Plan(D)-Direct Plan

LIC MF Index Fund-Nifty Plan(D)-Direct Plan
Dividend Yearly
NA
Category
Equity - Index
52-week NAV high
24.63  (As on 16-04-2019)
52-week NAV low
20.97  (As on 26-10-2018)
Expense
0.65%  (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 2.31 8.16 14.70 11.10 12.93 13.73 8.66 11.40 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

The LIC MF Index Fund Nifty Plan - Direct Plan (Dividend Option) is an open-ended scheme which tracks the Nifty 50 Index. Investors who are looking to achieve long term capital growth by way of investments in equity instruments of stocks (subject to tracking error) of the respective index, can invest in this scheme. This scheme carries moderately high risk and places no guarantee on the returns.

Investment Objective of LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

This fund has been introduced with the investment objective of creating returns corresponding with the performance of the Nifty index. The investment will be made in index stocks and will be subject to tracking errors.

Key Features of LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

Type of fund This is an open-ended scheme tracking the Nifty 50 Index
Plans available This fund offers the option of a Regular Plan and a Direct plan; both plan options will share a common portfolio
Options under each plan Each of the aforementioned two plans carries 2 further options which are Growth and Dividend. The Dividend option comes with 2 further options – Dividend Payout & Dividend Reinvestment
Risk Moderately High
Systematic Investment Plan (SIP) This facility is available
Systematic Transfer Plan (STP) This facility is available
Systematic Withdrawal Plan (SWP) This facility is available

Investment Amount for LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

Mentioned in the table below are the details pertaining to the investments amounts and entry/exit load applicable to the LIC MF Index Fund Nifty Plan - Direct Plan (Dividend Option):

Minimum application amount Rs.5,000, and thereafter in multiples of Re.1
Minimum additional investment Rs.500, and thereafter in multiples of Re.1
Minimum instalment for Systematic Investment Plan (SIP)
  • Daily - Rs.300 and thereafter in multiples of Re.1
  • Monthly – Rs.1,000 and thereafter in multiples of Re.1
  • Quarterly – Rs.3,000 and thereafter in multiples of Re.1
Entry Load Nil
Exit Load
  • If invested units are redeemed/switched out on or before completion of one month, starting from date of unit allotment - 1%
  • If invested units are switched out/redeemed after completion of one month from the date of unit allotment - Nil

Asset Allocation for LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

The investment allocation pattern of this fund is as follows:

Instruments Indicative allocations (% of net assets) Risk profile
Max. Min. High/Med./Low
Equity/Equity Futures (in Nifty 50) 95 100 High
Cash & money market instruments 0 5 Low

NAV Disclosure of LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

The NAV for the scheme will be computed by the asset management company (AMC) on all business days. This computed NAV will be published in a minimum of 2 news dailies which enjoy nationwide circulation. The NAVs will also be published on the websites of the fund house i.e. www.licmf.com, as well as on the website of the Association of Mutual Funds in India (AMFI) at www.amfiindia.com, without fail, by 9.00 p.m. of every business day. In case the NAVs cannot be published on the website of the fund house, the AMC will issue a press release regarding the reason(s) why the NAV wasn’t published, as well as the time by when it will be published.

The portfolio of the scheme will also be published by the AMC twice a year, at the end of each half of the year i.e. on 31st March and 30th September. This will be done by either providing each unit holder with the complete scheme statement, or by advertising the scheme portfolio in one nationally-circulated English daily newspaper, and also in a newspaper that is printed in the language of the region where the Mutual Fund head office is located. The portfolio statement shall also be published on the AMC’s website.

Benchmark for LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

This scheme will track the performance of the Nifty 50 Index.

Fund Manager of LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

The fund manager of the LIC MF Index Fund Nifty Plan - Direct Plan (Dividend Option) is Mr. Saravana Kumar, who is the Chief investment Officer at LIC Mutual Funds. Prior to this, he worked as the Head of Investment (PMS) - Trust Investment Advisors Pvt. Ltd.(Oct 2013 – April 2015) and as the Chief Investment Officer with Tata-AIA Life Insurance Company Ltd. (Oct 2009 - Sep 2013). Mr. Kumar also handles other LIC mF schemes such as the LIC MF Equity Hybrid Fund, LIC MF Multi Cap Fund, and the LIC MF Index Fund – Sensex Plan, among others.

Why You Should Invest in the LIC MF Index Fund - Nifty Plan - Direct (Dividend Option)

The LIC MF Index Fund Nifty Plan - Direct Plan (Dividend Option) is a suitable plan for all investors who are looking to grow their capital by way of investments in equity instruments.

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