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

LIC MF Index Fund-Sensex Plan(D)-Direct Plan
Dividend Yearly
NA
Category
Equity - Index
52-week NAV high
25.16  (As on 16-04-2019)
52-week NAV low
21.38  (As on 26-10-2018)
Expense
1.05%  (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 2.61 7.44 12.52 14.38 15.71 15.02 8.45 11.73 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Dividend
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

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
  • LIC MF Index Fund - Sensex Plan - Regular Plan
  • LIC MF Index Fund - Sensex Plan - Direct Plan
Options under each plan
  • LIC MF Index Fund - Sensex Plan - Regular Plan - Growth Plan
  • LIC MF Index Fund - Sensex Plan - Regular Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option
  • LIC MF Index Fund - Sensex Plan - Direct Plan - Growth Plan
  • LIC MF Index Fund - Sensex Plan - Direct Plan - Dividend Plan
    • Dividend Payout Option
    • Dividend Reinvestment Option
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)
  • Daily basis: Minimum amount: Rs.300 per instalment and in multiples of Re.1 thereafter
  • Monthly basis: Minimum amount: Rs.1,000 per instalment and in multiples of Re.1 thereafter
  • Quarterly basis: Minimum amount: Rs.3,000 per instalment and in multiples of Re.1 thereafter
Minimum instalment for Systematic Withdrawal Plan (SWP)
  • Monthly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
  • Quarterly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
Minimum instalment for Systematic Transfer Plan (STP)
  • Daily basis: Minimum amount: Rs.500 per instalment and in multiples of Re.1 thereafter
  • Weekly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
  • Monthly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
  • Quarterly basis: Minimum amount: Rs.500 and in multiples of Re.1 thereafter
Entry Load N/A
Exit Load
  • If the units are redeemed before the completion of 1 month from the date of allotment of the units: 1%
  • If the units are redeemed after the completion of 1 month from the date of allotment of the units: Nil

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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