LIC MF ETF Nifty 50 - Latest NAV ₹125.8849, Returns, Performance & Portfolio

LIC MF ETF Nifty 50

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    6.66%
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    (+0.46)125.8849

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Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years6.66%
1 Year3.68%
6 Months28.96%
Fund Details
ISININF767K01OS7
RiskModerately High risk
Fund TypeLarge-Cap
NAV125.8849
Exit Load--

More about this fundstar

Top HoldingsWeightage
Reliance Industries Ltd14.88%
HDFC Bank Ltd9.68%
Infosys Ltd7.64%
Housing Development Finance Corp Ltd6.4%
Tata Consultancy Services Ltd5.43%
ICICI Bank Ltd5.06%
Kotak Mahindra Bank Ltd3.84%
Hindustan Unilever Ltd3.84%
ITC Ltd3.07%
Larsen & Toubro Ltd2.27%

About LIC MF ETF Nifty 50

The LIC MF ETF Nifty 50 is an open-ended exchange-traded scheme. It seeks to provide returns which closely correspond to the total returns as represented by the Nifty 50 Index (subject to tracking errors) by investing in the same proportion as the Index and will endeavor to track it.

Pros & Cons of LIC MF ETF Nifty 50

  • The scheme follows a passive investment approach while trying to track the performance of the underlying benchmark index – Nifty 50.
  • Further, it invests minimally in debt and money market instruments only as much as is required to fulfill the redemption requirements.
  • It has generated returns of 14.92% per year over the last 3 years (as on January 16, 2019).

Fund Information and Statistics of LIC MF ETF Nifty 50

i) Inception / Launch Date

The scheme was launched on 16 November 2015 by LIC Mutual Fund.

ii) Risk Level

According to the investment objective and asset allocation of the scheme, it has a Moderately-high risk level associated with it.

iii) Redemption

Investors can redeem units directly with the Mutual Fund in creation unit sizes. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.

iv) Fund Manager(s)

Mr. Sachin Relekar is the Fund Manager of the LIC MF ETF Nifty 50 since November 20, 2015.

v) Entry / Exit Load

There is no entry load or exit load in this scheme.

Tax benefits of investing in LIC MF ETF Nifty 50

The following taxes are applicable to income arising from investing in this scheme:

  • STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units.
  • LTCG (units are held for a period of more than 12 months), in excess of Rs 1 Lakh, is taxed at 10 percent without indexation benefits on the redemption of units.

About LIC Mutual Fund

The LIC Mutual Fund was established by the Life Insurance Company of India (LIC India) on April 20, 1989. Being an associate company of one of India’s most trusted brands, LIC Mutual Fund is emerging as a preferred investment Manager among investors. It adopts innovative investment strategies to create value for investors from different segments.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns