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LIC MF Nifty Next 50 Index Growth

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previously known as IDBI Nifty Next 50 Index Gr until

50.404 (0.747%)
NAV on August 19, 2025
Category Equity:
Index Funds
Total Assets 98 cr
Turnover Ratio 71.25%
Expense Ratio 0.91%
Exit Load
Returns
  • 1M: -0.25%
  • 1Y: -7.40%
  • 3M: 1.14%
  • 3Y: 16.01%
  • 6M: 13.07%
  • 5Y: 19.23%
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Sumit Bhatnagar (Since almost 2 years)
ISIN INF397L01174
Fund Family LIC Nomura
P/E Ratio 22.08
P/B Ratio 3.51
Launch Date September 20, 2010
Benchmark Nifty Next 50 TR INR
ASSET ALLOCATION
CREDIT QUALITY (%)
AAA -
AA -
A -
BBB -
BB -
B -
Below B -
Unrated -
RISK MEASURES (3 yrs)
vs Nifty Next 50 TR INR

Alpha -0.94
Beta 0.99
R-Squared 99.99
Info Ratio -5.93
Tracking Err 0.20
Sortino 0.963
Sharpe 0.630
Std Dev 18.072
Risk -
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.

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