LIC MF Nifty 50 Index Fund-IDCW

LIC MF Nifty 50 Index Fund-IDCW is a scheme launched by LIC Mutual Fund on January 05, 2004, and falls under the Index fund category. It currently manages an AUM of Rs 329.38 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 1.01% for managing the portfolio.

• Investing Strategy:

  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

• Performance:

  LIC MF Nifty 50 Index Fund-IDCW trailing returns over different times are -0.89% (1 year), 11.93% (3 year) and 17% (5 year). The average annual return of this fund stands at 11.53%.