February 9, 2024
mayank
LIC MF Nifty Midcap 100 ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Managers
- Should You Invest in this NFO?
- Invest Online
What is the LIC MF Nifty Midcap 100 ETF Open Date, Close Date?
NFO opens on February 08, 2024
NFO will close on February 12, 2024
What is the Investment Strategy?
The scheme seeks to provide returns that correspond to the total returns of securities as represented by Nifty Midcap 100 Total Return Index, subject to tracking errors.
Basic Details
| Fund House | LIC Mutual Fund |
| Issue Open | 08 February 2024 |
| Issue Close | 12 February 2024 |
| Type | Open-ended |
| Category | Equity: Mid Cap |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Midcap 100 TRI |
What is the Benchmark Index?
The Nifty Midcap 100 Index is designed to capture the movement of the midcap segment of the market.
The Nifty Midcap 100 Index comprises 100 tradable stocks listed on the National Stock Exchange (NSE). NIFTY Midcap 100 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Midcap 100 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Midcap 100 Total Returns Index.
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 100 |
| Launch Date | July 18, 2005 |
| Base Date | January 01, 2003 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi – Annually |
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 5.17 | 5.17 | 58.33 | 23.50 | 20.21 |
| Total Return | 5.18 | 5.18 | 59.34 | 24.64 | 21.90 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.45 | 20.25 | 21.91 |
| Beta (NIFTY 50) | 0.87 | 0.91 | 0.86 |
| Correlation (NIFTY 50) | 0.70 | 0.85 | 0.85 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.78 | 3.89 | 0.8 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Power Finance Corporation Ltd. | 2.93 |
| REC Ltd. | 2.81 |
| Max Healthcare Institute Ltd. | 2.63 |
| Adani Power Ltd. | 2.47 |
| Indian Hotels Co. Ltd. | 1.98 |
| Persistent Systems Ltd. | 1.96 |
| Yes Bank Ltd. | 1.93 |
| Tube Investments of India Ltd. | 1.85 |
| Coforge Ltd. | 1.74 |
| Lupin Ltd. | 1.65 |
Performance Review of the Fund Manager of LIC MF Nifty Midcap 100 ETF?
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.
Past Performance of his Schemes
| Fund | LIC MF Large Cap Fund | It’s Benchmark | LIC MF Nifty 100 ETF | It’s Benchmark |
| 1 Year | 19.93 | 26.86 | 26.11 | 26.86 |
| 3 Year | 12.60 | 15.72 | 14.48 | 15.72 |
| 5 Year | 15.03 | 16.82 | 15.81 | 16.82 |
| 7 Year | 12.24 | 15.49 | 14.68 | 15.49 |
| 10 Year | 13.82 | 15.65 | — | — |
Which Company Owns LIC MF Nifty Midcap 100 ETF?
LIC Mutual Fund Asset Management Company Ltd
Address: Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai – 400020
Website: http://www.licmf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Is it good to invest in LIC MF Nifty Midcap 100 ETF NFO?
Guidance for LIC MF Nifty Midcap 100 ETF by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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