Latest NAV & returns of IDBI ASSET MANAGEMENT SERVICES LTD

LIC MF Nifty Next 50 Index Fund Direct Growth

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previously known as IDBI Nifty Next 50 Index Dir Gr until

NAV on May 24, 2024
Category Equity:
Index Funds
Investment StyleBox
Large Growth
Total Assets 80 cr
Turnover Ratio 99.24%
Expense Ratio 0.32%
Exit Load -
Returns
  • 1M: 9.07%
  • 1Y: 68.48%
  • 3M: 16.66%
  • 3Y: 23.27%
  • 6M: 47.96%
  • 5Y: 20.51%
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Sumit Bhatnagar (Since 8 months)
ISIN INF397L01AW2
Fund Family IDBI
P/E Ratio 23.30
P/B Ratio 4.10
Launch Date January 01, 2013
Benchmark Nifty Next 50 TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs Nifty Next 50 TR INR

Alpha -0.28
Beta 0.99
R-Squared 100.00
Info Ratio -2.86
Tracking Err 0.15
Sortino 1.860
Sharpe 1.026
Std Dev 17.069
Risk -
SECTOR WEIGHTINGS (%)
Financial 23.79%
Industrial 19.27%
Technology 0.0%
Basic Materials 13.16%
Consumer Cyclical 12.1%
Utilities Services 9.54%
Healthcare Services 2.49%
Energy Services 3.19%
Communication Services 2.43%
Consumer Defensive 11.08%
Real Estate 2.94%
INVESTMENT OBJECTIVE

The investment objective of the scheme is to invest only in and all the stocks comprising the Nifty Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of Nifty Next 50 Index. The scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the Nifty Next 50 Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the Nifty Next 50 Index (Total Returns Index) and the Scheme.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

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