LIC Nomura MF India Vision Fund

LIC Nomura MF India Vision Fund is being managed by Ei-ichi Oka. The scheme aims to identify growth sectors and invest in the universe of companies within such sectors. It will invest in undervalued stocks in the mid and small cap segment that have potential to grow into large cap segment in the identified sectors. 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 India Vision Fund invest your money?

LIC Nomura MF India Vision Fund is a large cap fund which means most of your money is invested in stocks of large size companies. It has about 90.77% allocation in stocks of large cap companies and 5.46% in stocks of mid cap companies and remaining in small 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?
  • Creating wealth
  • Short term needs
  • Lifestyle needs
How has LIC Nomura MF India Vision Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2006, your value of investments would be around Rs 0.90 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 74,000. 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 India Vision Fund through SIP for the last 5 years today you would have around Rs 6.81 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 No exit load applies for units withdrawn post one year.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 India Vision Fund is 1.33%. 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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