LIC MF Nifty 50 Index Fund-Regular Plan-IDCW

LIC MF Nifty 50 Index Fund-Regular Plan-IDCW is a scheme launched by LIC Nomura Mutual Fund on January 05, 2004, and falls under the Index fund category. It currently manages an AUM of Rs 345.54 crore. The fund permits investments with a minimum SIP of Rs 200 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-Regular Plan-IDCW trailing returns over different times are 10.64% (1 year), 12.27% (3 year) and 14.91% (5 year). The average annual return of this fund stands at 9.43%.