LIC NOMURA MF Balanced Fund

LIC NOMURA MF Balanced Fund is a balanced mutual fund. This fund is managed by Surendra Jalani. Like most of its counterparts from this fund house this fund has given a poor show. If you hold units in this fund exit them now.

Where does LIC NOMURA MF Balanced Fund invest your money?

LIC NOMURA MF Balanced Fund is an equity oriented hybrid fund which invests your money in both equity securities and debt securities. It has approximately 70% exposure to equity. The equity portion is predominantly exposed to large and mid cap stocks. This means a good amount of your money will be invested in stocks of large and medium sized companies.  And LIC NOMURA MF Balanced Fund has 23% exposure to mid size companies and 5% to small size companies.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for what?
  • Long term needs
  • Creation of wealth
How has LIC NOMURA MF Balanced Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Jan 1991, your value of investments would be around Rs 5.03 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.10 lakhs. The performance has similar to the average equity oriented hybrid mutual funds. The fund has been giving at around 2% every year for those who stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in LIC NOMURA MF Balanced Fund through SIP from the past five years today you would have around Rs 6.89 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
What are the charges applicable?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of LIC NOMURA MF Balanced Fund is 2.18%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio. 

What are the tax implications?

Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. LIC NOMURA MF Balanced Fund does not qualify for sec 80C ELSS benefits.

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