LIC Nomura MF Top 100 Fund

LIC Nomura MF Top 100 Fund is being managed by Shri Eiichi Oka. The investment objective of the scheme is to provide long term capital appreciation from a portfolio of equity and equity related instruments primarily drawn from the companies in CNX 100 index. 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 Top 100 Fund invest your money?

LIC Nomura MF Top 100 Fund is 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. Presently this fund has 99.99% exposure to large companies and close to 0.1% exposure to mid sized 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 Top 100 Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Nov 2007, your value of investments would be around Rs 84057. If you had invested Rs 1 Lakh for 5 years, the value of your investments would have dropped to Rs 95614. 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 Top 100 Fund through SIP since inception today you would have around Rs 6.96 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 from the date of allotment, an exit load of 1% is charged. No exit load applies for units withdrawn post one year. Expense ratio of LIC Nomura MF Top 100 Fund is 2.34%. 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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