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LIC MF Nifty Next 50 Index Fund-Direct Plan-Growth
Open Ended Schemes(Other Scheme - Index Funds)Very High Risk★★★★★vs Nifty Next 50 IndexISIN INF397L01AW2
NAV · 06-Jul-2026
₹59.5843
1M
+3.83%
6M
+3.28%
1Y (CAGR)
+6.68%
3Y (CAGR)
—
5Y (CAGR)
—
Since inception (CAGR)
+17.86%
NAV history
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Risk & SIP analytics
Volatility (3y)
18.61%
Downside dev (3y)
15.67%
Max drawdown (3y)
-26.4%
SIP XIRR (3y)
+10.61%
Calendar-year returns
2024 +27.7%2025 +2.6%
Vs benchmark — Nifty Next 50
3y monthly · 36 months of overlapBeta
0.99
Alpha (p.a.)
+0.50%
Up capture
100.5%
Down capture
98.8%
Correlation
1.00
Top holdings
AMFI disclosure · 2024-10-01Indian Railway Catering &Tou. Corp. Ltd.Investment - Equities
0.98%
Fund facts
Fund managerNikhil Kapoor
AUM₹1,059 Cr
Expense ratio0.43% · 2026-05-31
TER · AMFI officialDirect 0.28% · Regular 0.83% (2026-06-30)
Launch date02-Sep-2010
Plan typeOpen Ended · Others
Min lumpsum₹5,000
Min SIP₹200
Lock-inNone
Volatility17.98
AMCLIC Mutual Fund Asset Management Limited
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.
scheme documents ↗