LIC Nomura MF Index- Sensex Advantage

LIC Nomura Sensex Advantage is a passively managed fund. It is being managed by Nobutaka Kitajima. The fund manager’s job ends at allocating funds in stocks in the same proportion as found in Sensex. This fund has been a poor performer all through. 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 Index- Sensex Advantage Fund invest your money?

LIC Nomura Sensex Advantage is an index fund which means your money will be invested in stocks on the Sensex in the same proportion as they occur on the index. It has about 97% allocation in stocks of large cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creation of wealth
  • Lifestyle needs
  • Short term needs
How has LIC Nomura MF Index- Sensex Advantage Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2002, your value of investments would be around Rs 3.47 lakhs. If you had invested Rs 1 lakh for 5 years your value of investments would sadly be around Rs 1.13 lakhs The fund’s performance has been below the category average for the most of times. The fund has been giving around close to 2.54% returns to those who have stayed invested for 5 years.

Assume you had invested Rs 10,000 every month in LIC Nomura Sensex Advantage through SIP for the last 5 years today you would have around Rs 7.10 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 No exit load applies for units withdrawn post one year.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 Sensex Advantage is 1.63%. 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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