NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹47.83
-6.66%
NAV as on 16 Jan 25, 12:00 AM
very high risk
index funds
equity
NAV as on 16 Jan 25, 12:00 AM
very high risk
index funds
equity
29.59%p.a.
Last 1Y
17.91%p.a.
Last 3Y
18.79%p.a.
Last 5Y
12.37%p.a.
Since Inception
About LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl scheme from LIC Mutual Fund Asset Management Limited. It is a Index Funds mutual fund scheme that predominantly invests in Index Funds stocks of companies. Launched on Sep 2010, LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl is Index Funds fund of its category with 96.87 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Index Funds funds.
- LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl delivered 29.6% annual returns during the last year. It has delivered 12.4% average annual returns since the fund was launched.
- LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund 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.
Top 10 Holdings
Hindustan Aeronautics Ltd Ordinary Shares
4.49%
Divi's Laboratories Ltd
4.14%
Vedanta Ltd
4.08%
InterGlobe Aviation Ltd
3.98%
Power Finance Corp Ltd
3.81%
Tata Power Co Ltd
3.69%
Siemens Ltd
3.53%
REC Ltd
3.50%
Info Edge (India) Ltd
3.40%
TVS Motor Co Ltd
3.02%
Fund Managers
- Sumit Bhatnagar (Oct 2023 - Present)
Key Information
View Scheme Document
LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl SIP Calculator
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NRI Mutual Fund Tax on LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Nifty Next 50 Index Payout of Income Distribution cum Cap Wdrl
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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