LIC Nomura MF Systematic Allocation Fund

LIC Nomura MF Systematic Allocation Fund is being managed by Shri Eiichi Oka. The scheme seeks to achieve long term growth by investing subscription initially in debt & money instruments and in a systematic and progressive manner allocating it to equities over the close ended period. This will help to reduce the risk of volatility of the equity market. If you have invested in this fund, exit now to invest in a better performing fund. New investors can safely skip this fund.

Where does LIC Nomura MF Systematic Allocation Fund invest your money?

LIC Nomura MF Systematic Allocation Fund is an equity oriented large cap fund which invests your money in socks of large cap companies. Large cap companies tend to be stable compared to mid cap and small cap companies. This fund has 100% exposure to large companies.

Suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Not suitable for what?
  • Creating wealth
  • Lifestyle needs
How has LIC Nomura MF Systematic Allocation Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Aug 2007, your value of investments would have dropped to Rs 1.07 lakh. The performance has not been better than other mutual funds in this category. 

Assume you had invested Rs 10,000 every month in LIC Nomura MF Systematic Allocation Fund through SIP since inception today you would have around Rs 6.38lakhs.

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 No exit load applies for units withdrawn post one year.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 Systematic Allocation Fund is 2.38%. 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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