LIC NOMURA MF Unit Linked Insurance Scheme

LIC NOMURA MF Unit Linked Insurance Schemeis a balanced mutual fund. This fund is managed by Surendra Jalani. The fund has done a poor show. If you hold any units in this fund, consider exiting them now to invest in a better fund. 

Where does LIC NOMURA MF Unit Linked Insurance Scheme invest your money?

LIC NOMURA MF Unit Linked Insurance Scheme is an equity oriented hybrid fund which invests your money in both equity securities and debt securities. Currently it has about 64% exposure to equity. Its equity portion is predominantly exposed to large cap stocks, which means a good part of your money will be invested in large companies. 

The remainder of the fund’s assets is allocated to debt and liquid securities. Close to 24% of the fund is exposed to debt securities of three corporates and 12% is exposed to cash and cash equivalents.

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 Unit Linked Insurance Scheme performed in the past?

If you had invested Rs 1 lakh when the fund was launched at June 1989, your value of investments would be around Rs 1.03 lakhs. If you had invested Rs 1 lakh five years back it would have sadly become Rs 1.01 lakhs. The performance has been worse than other equity oriented hybrid mutual funds. The fund has been giving around 0.13% returns every year for those who stayed invested since inception.

Assume you had invested Rs 10,000 every month in LIC NOMURA MF Unit Linked Insurance Scheme through SIP from the past five years today you would have around Rs 6.91 lakhs.

 

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

No exit load applies for units withdrawn from this scheme. Expense ratio of LIC NOMURA MF Unit Linked Insurance Scheme is 2%. 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 Unit Linked Insurance Scheme does not qualify for sec 80C ELSS benefits.

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