LIC NOMURA MF Children Fund

LIC Nomura MF Children Fund is being managed by Suresh Jalani. This fund’s performance has been below the category average in most periods. If you have invested in this fund, exit now to invest in a better performing fund. If you are a new investor you can safely skip this one.

Where does LIC NOMURA MF Children Fund invest your money?

LIC Nomura MF Children’s Fund is a large cap fund which means most of your money will be invested in stocks of large listed companies. Large companies are chosen for stable returns yet mid cap companies are not totally avoided due to prospects of kicker returns from them. The fund has 98.2% allocation to large cap companies, and close to 2% allocation to mid cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not Suitable for what?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has LIC NOMURA MF Children Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Sep 2001, your value of investments would just be around Rs 1.04 lakhs. If you had invested Rs 1 lakh five years back it would have sadly become Rs 70478. The performance has been worse than other mutual funds in this category. The fund has been giving around -7% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in LIC Nomura MF Children Fund through SIP for the last 5 years today you would have around Rs 5.38 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 No exit load applies for units withdrawn post one year.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 Children Fund is 2.30%. 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?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. 

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