LIC MF Nifty Next 50 Index Fund Direct Growth

LIC MF Nifty Next 50 Index Fund Direct Growth is a Other Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Nisha Sharma is the Current Fund Manager of LIC MF Nifty Next 50 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹17,913 Cr and the Latest NAV as of 01 Dec 2023 is ₹39.25. The LIC MF Nifty Next 50 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. ;

Investment Objective

The scheme seeks 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. ;