This CRISIL Rated Index Fund Has Offered 97.33% Returns In 5-Years

Low-cost index funds are all the rage these days. True, low-cost index funds have been available for some time, but they have primarily been limited to the big cap market. Passive, low-cost funds have found their way into the small size, mid-cap, thematic, and sectoral fund categories in recent years. Inflows into some of these new systems have also been strong. Here, we have given details about this medium-sized fund of its category. This fund has also offered good returns over the last 10 years.

LIC MF Index Fund - Sensex Plan - Direct Plan-Growth

This open-ended index fund is from the LIC Mutual fund. The AUM of this Index Fund is Rs 51.36 Crore. The fund's recent declared NAV as of 13th April 2022 is Rs 113.4076. The expense ratio of this fund is 0.37%, which is higher than its category average expense ratio when compared. 

This is a highly risky fund for investment. It comes with a no-lock-in period. However, there is an exit load of 0.25% if redeemed within 7 days. This fund has been rated 3 star by CRISIL. The minimum amount required to start investing in this fund is Rs 5,000. For SIP, it is Rs 1,000. 

Absolute And Annualised Returns

Lump-Sum Investment Returns

The fund has offered average performance among its peer funds. Since its launch, it has delivered 13.64% average annual returns. 

Investment Returns	Absolute Returns	Annualised Returns
1 Year	20.03%	20.03%
2 Year	89.11%	37.52%
3 Year	50.99%	14.69%
5 Year	97.33%	14.55%
10 Year	238.26%	12.95%
Since Inception	1090.55%	13.64%

 SIP Returns

SIP Returns	Absolute Returns	Annualised Returns
1 Year	4.86%	9.13%
2 Year	25.41%	23.47%
3 Year	33.89%	19.90%
5 Year	48.77%	15.89%
10 Year	100.00%	13.29%

Portfolio

The fund has 98.76% investment in Indian stocks of which 89.16% is in large-cap stocks.

The fund has the majority of its money invested in the Financial, Technology, Energy, Consumer Staples, and Materials sectors. It has taken less exposure in the Financial, Technology sectors compared to other funds in the category.

The fund's top holdings are Reliance Industries Ltd., Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., and Housing Development Finance Corpn. Ltd

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.