LIC Nomura MF Equity Fund

LIC Nomura MF Equity Fund is being managed by Eiichi Oka. 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 Equity Fund invest your money?

LIC Nomura MF Equity 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. 

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not Suitable for?
  • Creating wealth 
  • Short term needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has LIC Nomura MF Equity Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Jan 1993, your value of investments would be around Rs 1.01 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.05 lakhs. The performance has been worse than other mutual funds in this category. 

Assume you had invested Rs 10,000 every month in LIC Nomura MF Equity Fund through SIP for the last 5 years today you would have around Rs 7.24 lakhs.

What charges apply?

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 No exit load applies for units withdrawn post one year.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 Equity Fund is 1.75%. 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. LIC Nomura MF Equity Fund does not qualify for sec 80C ELSS benefits.

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