Index funds funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).
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Scheme Information
Investment Objective
The main investment objective of the fund is to generate returns commensurate with the performance of the index Nifty based on the plans by investing in the respective index stocks subject to tracking errors. However,there is no assurance that the investment objective of the Schemes will be realized.
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
LIC Mutual Fund Asset Management Limited manages assets worth 14,367 crores and was set up on 20 April 1994. It's current offering of mutual fund schemes includes 24 equity,40 debt and 32 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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Invest online & transfer
Invest via netbanking, UPI or through an SIP (eNACH mandate).
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The Scripbox Promise
Scripbox has helped over 2500 people become millionaires in the last 7 years
You'll never have to worry about what funds to choose. We'll suggest what's best for you.
Continuous monitoring & alerts
We will track our recommendations and suggest changes & fund exists whenever required.
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Annual reviews & rebalances
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About LIC MF Index Nifty fund (G)
About LIC MF Index Nifty fund (G)
LIC MF Index Nifty fund (G) is a index funds equity fund and has delivered an annualised return of 12.9% over a period of 19 years .The fund was previously known as LIC Nomura MF Index Nifty Gr.The fund is managed by LIC Mutual Fund Asset Management Limited.The fund manager’s name is Ritu Modi.
LIC MF Index Nifty fund (G) Investment Objective
The main investment objective of the fund is to generate returns commensurate with the performance of the index Nifty based on the plans by investing in the respective index stocks subject to tracking errors. However,there is no assurance that the investment objective of the Schemes will be realized. However, there is no assurance that the objective of the scheme will be realized.
LIC MF Index Nifty fund (G) NAV,AUM,Risk
The LIC MF Index Nifty fund (G) fund was launched on Nov 14, 2002. The NAV (Net Asset Value) of this index funds equity as of 2021-03-04 is ₹ 82.9531. The total AUM (Asset Under Management) of the fund as of 2021-03-05 is ₹ 32.286. The category risk of the LIC MF Index Nifty fund (G) fund is Very High Risk.
The fund charges 1.03 % as expense ratio.
LIC MF Index Nifty fund (G) Holdings
The fund’s highest allocation is towards equity and has invested 99.2% in this asset class. The top three holdings of the fund are hdfc bank ltd,reliance industries ltd and infosys ltd
LIC MF Index Nifty fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
LIC MF Index Nifty fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty 50 TR INR
LIC MF Index Nifty fund (G) Review
LIC MF Index Nifty fund (G) has a score of 3 on a scale of 5. The fund scores 5 out of 5 based on historical performance. As compared to the other funds in its category, LIC MF Index Nifty fund (G) has a score of 1 out of 5.
Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.
