The LIC Mutual Fund is managed by LIC Mutual Fund Asset Management Limited and LIC Mutual Fund Trustee Private Limited is the trustee to the fund house. It is sponsored by the Life Insurance Corporation (LIC) of India.
The LIC MF Index Fund - Sensex Plan is an open-ended scheme that tracks or replicates the S&P BSE Sensex Index.
Investment Objectives of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option
The main objective of investment of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option is to facilitate the generation of returns which is proportional to the performance of the S&P BSE Sensex index. However, it is subject to errors of tracking and the realisation of the investment objective is not assured.
Key Features of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option
The main features of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option are as follows:
| Type of fund | An open-ended scheme that tracks or replicates the S&P BSE Sensex Index. |
| Plans available |
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| Options under each plan |
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| Risk | Moderately High |
| Systematic Investment Plan (SIP) | Available |
| Systematic Transfer Plan (STP) | Available |
| Systematic Withdrawal Plan (SWP) | Available |
Investment Amount for the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option
| Minimum application amount | Rs.5,000 and in multiples of Re.1 thereafter |
| Minimum additional investment | Rs.500 and in multiples of Re.1 thereafter |
| Minimum instalment for Systematic Investment Plan (SIP) |
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| Minimum instalment for Systematic Withdrawal Plan (SWP) |
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| Minimum instalment for Systematic Transfer Plan (STP) |
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| Entry Load | N/A |
| Exit Load |
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Asset Allocation for the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option
| Type of security | Indicative Allocations (percentage of total assets) | Risk Profile | |
| Minimum | Maximum | High/Medium/Low | |
| Equity/Equity Futures (in Sensex) | 95% | 100% | High |
| Money market instruments and cash | 0% | 5% | Low |
NAV Disclosure and Benchmark of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option
The NAV or Net Asset Value of each unit under the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option is required to be computed and published by the end of every business day. This calculation is done on the basis of the recommendations of the SEBI (Mutual Fund) Regulations, 1996. The NAV is computed and rounded off up to 4 decimal places. The following formula is used for the calculation of 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 calculation.
The benchmark of the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option is S&P BSE Sensex.
LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option Fund Manager
The LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option is managed by Mr. Saravana Kumar. He is the Chief Investment Officer of LIC Mutual Fund Asset Management Ltd.
Why should you invest in LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Option?
Being established in 1989, LIC Mutual Fund is one of the oldest mutual funds in India. It is very reliable and has a huge base of customers across the nation. If the main objective of an investor is to generate regular returns in correspondence to the S&P BSE Index, then the LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend scheme is one of the best options to invest in.
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