LIC MF Index Nifty fund (Growth)
Formerly LIC Nomura MF Index Nifty GrReturns (5yrs)
5.37 %Latest NAV
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Fund Information
LIC Mutual Fund Asset Management Limited
- Launch Date: 11/14/2002
- www.licnomuramf.com
- +91 22 22812038
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.
Fund Managers
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Ritu Modi
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Expense Ratio1.03
BenchmarkIISL Nifty 50 TR INR
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AUM₹ 23.7 Crores
ISININF767K01162
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Category Risk:
Moderately High risk
Holding Information
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Mutual Fund(Equity)
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. Past performance is not an indicator of future returns.
Transaction
Minimum SIP Amount
₹ 1000Minimum Lumpsum Amount
₹ 5000Lumpsum Multiple
₹ 100SIP Multiple
₹ 100About the Fund
LIC MF Index Nifty Growth is a Index Funds Equity fund and has delivered an annualised return of 5.37% over a period of 5 years. The fund is managed by LIC Mutual Fund Asset Management Limited. The fund managers names are Ritu Modi. 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. The fund charges 1.03000%. The minimum SIP amount for this is ₹1000. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000.Disclaimer: Scripbox has taken due care and caution in compilation of the data contained in this factsheet. This data has been obtained by Scripbox from sources which it considers reliable. However, please verify the data from the mutual fund company before taking any Investment action based on this information.
Long Term Wealth
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5+ yearsRecommended
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12-14%Returns
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No lock-in
