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LIC MF Nifty Next 50 Index Fund Direct Reinvestment of Income Distribution cum Cap Wdrl

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previously known as IDBI Nifty Next 50 Index Dir IDCW-R until

55.623 (-2.712%)
NAV on December 20, 2024
Category Equity:
Index Funds
Investment StyleBox
Large Growth
Total Assets 97 cr
Turnover Ratio 17.23%
Expense Ratio 0.32%
Exit Load -
Returns
  • 1M: 1.38%
  • 1Y: 35.22%
  • 3M: -8.97%
  • 3Y: 20.04%
  • 6M: -3.93%
  • 5Y: 19.58%
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Sumit Bhatnagar (Since about 1 year)
ISIN INF397L01AX0
Fund Family IDBI
P/E Ratio 22.24
P/B Ratio 3.46
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 -0.34
Beta 0.99
R-Squared 100.00
Info Ratio -2.92
Tracking Err 0.16
Sortino 1.244
Sharpe 0.765
Std Dev 17.863
Risk -
SECTOR WEIGHTINGS (%)
Financial 22.55%
Industrial 19.43%
Technology 3.03%
Basic Materials 11.98%
Consumer Cyclical 9.21%
Utilities Services 9.17%
Healthcare Services 7.07%
Energy Services 2.76%
Communication Services 3.42%
Consumer Defensive 8.14%
Real Estate 3.24%
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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

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