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Fincash » Mutual Funds » LIC MF Index Fund Nifty

LIC MF Index Fund Nifty - G

NAV  ₹122.836 ↑ 1.03  (0.85 %) as on 22 Apr 24

Scheme Objective

The main investment objective of the fund is to generate returns commensurate with the performance of the index either Nifty / Sensex based on the plans by investing in the respective index stocks subject to tracking errors.

LIC MF Index Fund Nifty is a Others - Index Fund fund launched on 14 Nov 02. It is a fund with Moderately High risk and has given a CAGR return of 12.9% since its launch.  Ranked 80 in Index Fund category.  Return for 2023 was 19.8% , 2022 was 4.7% and 2021 was 23.8% .

Below is the key information for LIC MF Index Fund Nifty

NAV as on 22 Apr 24₹122.836 ↑ 1.03  (0.85 %)
Net Assets (AUM) as on 31 Mar 2024 ₹296 Cr.
Launch Date14 Nov 2002
CategoryOthers - Index Fund
Rating
TypeOpen Ended Fund
RiskModerately High
AMCLIC Mutual Fund Asset Mgmt Co Ltd
Alpha Ratio-1.25
Expense Ratio0.94 %
Sharpe Ratio1.803
Information Ratio-10.87
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load 0-1 Months (1%),1 Months and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

DurationReturns
1 Month 1%
3 Month 3.2%
6 Month 14.1%
1 Year 26.6%
3 Year 15.8%
5 Year 14.1%
10 Year
15 Year
Since launch 12.9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 19.8%
2022 4.7%
2021 23.8%
2020 14.7%
2019 12.6%
2018 2.6%
2017 28.6%
2016 2.7%
2015 -4.1%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,445
31 Mar 21₹12,648
31 Mar 22₹15,029
31 Mar 23₹14,979
31 Mar 24₹19,244
LIC MF Index Fund Nifty Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash0.13%
Equity99.87%
LIC MF Index Fund Nifty Asset Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | HDFCBANK
Banks - Regional11%₹31 Cr218,011
↓ -1,331
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 12 | RELIANCE
Oil & Gas Refining & Marketing10%₹29 Cr98,104
↓ -883
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 09 | ICICIBANK
Banks - Regional8%₹21 Cr203,168
↓ -2,181
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
Information Technology Services6%₹17 Cr104,025
↑ 06
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
Information Technology Services4%₹12 Cr29,346
↓ -297
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 09 | LT
Engineering & Construction4%₹12 Cr34,244
↓ -198
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC
Tobacco4%₹10 Cr257,478
↓ -969
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
Banks - Regional3%₹9 Cr80,922
↓ -542
State Bank of India (Financial Services)
Equity, Since 30 Apr 09 | SBIN
Banks - Regional3%₹8 Cr110,934
↓ -1,078
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 09 | BHARTIARTL
Telecom Services3%₹8 Cr73,221
↓ -750
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Fund Managers

NameSinceTenure
Sumit Bhatnagar3 Oct 230.49 Yr.

Custodians

CompanyAddress
Standard Chartered Bank - IndiaStandard Chartered Bank - India

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
LIC Mutual Fund4th Floor, Industrial Assurance Bldg.,Opp.Churchgate Station,Churchgate

Auditors

CompanyAddress
S. R. BATLIBOI & CoExpress Tower, 6th Floor,Nariman Point,Mumbai

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
LIC MF Index Fund Nifty
Growth
₹122.836
↑ 1.03
14.06 %26.59 %15.79 %14.05 %
LIC MF Index Fund Nifty
Normal Dividend, Payout
₹45.314
↑ 0.38
14.06 %26.59 %15.79 %14.05 %
LIC MF Index Fund Nifty
Normal Dividend, Reinvestment
₹45.314
↑ 0.38
14.06 %26.59 %15.79 %14.05 %
Data as on 22 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.