October 7, 2023
mayank
LIC MF Nifty Next 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 36.3648
NAV IDCW: Rs 36.3648
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index.
Fund Manager:
1) Sumit Bhatnagar
Education: Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience: Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of LIC MF Nifty Next 50 Index Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 12.93% |
| Benchmark | NIFTY Next 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 55 Cr |
| (As on 30-Sep-2023) | |
| Expense | 0.32% |
| (As on 31-Aug-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 39.00% |
LIC MF Nifty Next 50 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Nifty Next 50 Index Dir | 6.59 | 0.63 | -1.29 | 1.36 | 17.67 | 5.29 | 18.42 | 12.03 | 10.06 | 14.86 |
| S&P BSE 100 TRI | 10.54 | 0.54 | 0.04 | 1.63 | 13.95 | 14.62 | 21.20 | 15.32 | 13.67 | 14.59 |
| Equity: Large Cap | 11.22 | 0.60 | 0.06 | 2.40 | 15.60 | 14.31 | 20.82 | 14.77 | 12.80 | 14.58 |
| Rank within category | 92 | 34 | 93 | 63 | 30 | 90 | 50 | 48 | 43 | 17 |
| Number of funds in category | 94 | 98 | 98 | 97 | 94 | 92 | 61 | 50 | 44 | 44 |
LIC MF Nifty Next 50 Index Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF Nifty Next 50 Index Dir | 1 star | 5.29 | 18.42 | 12.03 | 0.32 | 55 | 12.93 | — | 10Y 9M | 39.00 |
| ICICI Pru Bluechip Dir | 5 star | 19.37 | 24.41 | 16.00 | 1.02 | 40,079 | 15.18 | 1.00 (365) | 10Y 9M | 25.00 |
| SBI Bluechip Dir | 4 star | 17.27 | 23.04 | 16.50 | 0.88 | 38,881 | 15.38 | 1.00 (365) | 10Y 9M | 20.00 |
| Mirae Asset Large Cap Dir | 4 star | 13.75 | 19.77 | 15.48 | 0.54 | 35,349 | 16.48 | 1.00 (365) | 10Y 9M | 23.00 |
| HDFC Top 100 Dir | 4 star | 21.69 | 26.62 | 15.29 | 1.11 | 25,423 | 13.86 | 1.00 (365) | 10Y 9M | 15.50 |
Portfolio Analysis of LIC MF Nifty Next 50 Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 30.77% |
| Top 5 Stocks | 17.18% |
| Top 3 Sectors | 45.18% |
| Portfolio P/B Ratio | 3.99 |
| Portfolio P/E Ratio | 24.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 86,340 | 3,07,845 |
| Giant (%) | 13.92 | 67.91 |
| Large (%) | 84.90 | 26.47 |
| Mid (%) | 1.19 | 6.30 |
| Small (%) | — | 2.39 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For LIC MF Nifty Next 50 Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.licmf.com/fund-overview/All
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