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

LIC MF Index Fund-Sensex Plan(G)-Direct Plan
Dividend Yearly
NA
Category
Equity - Index
52-week NAV high
78.98  (As on 28-11-2019)
52-week NAV low
66.81  (As on 10-12-2018)
Expense
0.58%  (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 0.37 8.92 2.70 14.06 10.75 15.10 13.03 8.08 -
Scheme Details
Fund Type
Open Ended
Investment Plan
Growth
Bonus
NA
Launch Date
Jan 01, 2013
Last Dividend
NA
Minimum Investment
5000

The LIC MF Index Fund - Sensex - Direct Plan Growth Option is offered by LIC Mutual Fund, an associate company of one of the most trusted asset management and insurance players in India - LIC of India. LIC Mutual Fund was established in 1989 and has been doing exemplarily in the financial services sector since then.

This is an ideal plan for those who aim for long-term capital appreciation by investing in Sensex Index stocks.

Investment Objective of LIC MF Index Fund - Sensex - Direct Plan Growth Option

The objective is to generate returns that correspond to the index S&P BSE Sensex performance.

Key Features of LIC MF Index Fund - Sensex Plan

Some of the significant features of the LIC MF Index Fund - Sensex Plan are as indicated in the table below:

Type of fund

This is an open-ended scheme that replicates or tracks the S&P BSE Sensex Index.

Plans available

Regular Plan and Direct Plan options are available.

Options under each plan

Dividend and Growth options are available under both plans.

The Dividend option has both Dividend Payout and Dividend Reinvestment options.

Risk

Moderately High

Systematic Investment Plan

Available

Systematic Transfer Plan

Available

Systematic Withdrawal Plan

Available

Investment Amount for LIC MF Index Fund - Sensex - Direct Plan Growth Option

Minimum application amount

Rs.5,000 and Re.1 multiples after

Minimum additional investment

Rs.500 and Re.1 multiples after

Minimum installment for Systematic Investment Plan (SIP)

Daily: Rs.300 and Re.1 multiples after

Monthly: Rs.1,000 and Re.1 multiples after

Quarterly: Rs.3,000 and Re.1 multiples after

Minimum installment for Systematic Withdrawal Plan (SWP)

Rs.500 and Re.1 multiples after

Entry Load

NA

Exit Load

If redeemed on or before one month of unit allocation date: 1%

If redeemed after one month of unit allocation date: Nil

Asset Allocation for LIC MF Index Fund - Sensex - Direct Plan Growth Option

Instruments

Indicative Allocations

(Percentage of total assets)

Risk Profile

Minimum

Maximum

Equity and Equity Futures

95

100

High

Cash and money market instruments

0

5

Low

NAV Disclosure and Benchmark for LIC MF Index Fund - Sensex - Direct Plan Growth Option

NAV Calculation: The fair or market value of the investments is added to the current assets. From this, the current liabilities or provisions are subtracted. The resulting figure is divided by the per unit number of outstanding units.

NAV Disclosure: The first NAV is disclosed within 5 business days of the unit allotment. After this, the NAV will be disclosed at the end of each business day.

Fund liquidity: There is no lock-in period so units can be repurchased on all business days.

Benchmark Index: S & P BSE Sensex

LIC MF Index Fund - Sensex - Direct Plan Growth Option Fund Manager

The fund manager is Mr. Saravana Kumar, who is also the Chief Investment Officer. He has many decades of experience in the asset management industry.

Why you should Invest in LIC MF Index Fund - Sensex - Direct Plan Growth Option

Investing in the LIC MF Index Fund - Sensex - Direct Plan Growth Option gives you a very good appreciation of capital over the long term through investments in stocks that correspond to the Sensex Index. This provides greater security as the risk of a single stock or bond causing a great deal of damage is reduced. There is greater diversification of your portfolio and it is easier to manage. You also get a lower expense ratio with the direct plan leading to greater savings. The growth option entails reinvestment of both the principal and notional profit resulting in greater appreciation of capital.

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