LIC Nomura MF Growth Fund

LIC Nomura MF Growth Fund is being managed by Nobutaka Kitajima. 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 Growth Fund invest your money?

LIC Nomura MF Growth Fund is a large cap fund which means most of your money is invested in large size companies. It has about 87.14% allocation in stocks of large cap companies and 11.73% in stocks of mid cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies. Yet exposure to mid cap companies is not avoided due to prospects of kicker returns which unfortunately does not happen often.

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 Growth Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Aug 1994, your value of investments would be around Rs 1.04 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.18 lakhs. The performance has been not better than or similar to other mutual funds in this category. The fund has been giving around 3.48% returns to those who have stayed invested since 5 years.

Assume you had invested Rs 10,000 every month in LIC Nomura MF Growth Fund through SIP for the last 5 years today you would have around Rs 7.42 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 No exit load applies for units withdrawn post one year.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 Growth Fund is 1.99%. 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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