Fund Features

Scheme Classification

An open-ended equity scheme tracking NIFTY NEXT 50 Index

Objective

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 50 index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/ loss plus dividend payments by the constituent stocks. There is no assurance that the investment objective of the Scheme will be realized

Launch Date

March 24, 2020 

Options

Growth (Default option) 

Dividend (Reinvestment and Payout) (Default sub-option: Reinvestment)

Both Options have common portfolio.

Fund Managers

Mr. Praveen Ayathan

Benchmark index

Nifty Next 50 Index TRI (Total Return Index) 

SIP availability

Yes. (For more information on SIP, please refer to the section on "Facilities Offered to Investors under the Scheme" in the SID)

Annual Recurring Expenses (Regular Plan)

0.80% (As on 30th Sep 2021)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.35% (As on 30th Sep 2021)

Click here to view daily TER

Entry Load

NIL

Exit Load

If the Units redeemed or switched out are upto 10% of the units purchased or switched in (“the limit”) within 1 month from the date of allotment: Nil

 

If Units redeemed or switched out are over and above the limit within 1 month from the date of allotment: 1% of applicable NAV

 

If Units redeemed or switched out on or after 1 month from the date of allotment: Nil

Minimum Additional Application Amount

Rs. 1,000 per application

Minimum Initial Application Amount

Rs. 5,000 per application

Minimum Amount/ Number of Units for Redemption

Rs. 500 or 50 Units or the account balance whichever is lower

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NAV

L&T Nifty Next 50 Index Fund
Regular, Growth
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Risk Factor

Riskometer with Moderately high Risk Factor

This product is suitable for investors who are seeking*

 

Long term capital appreciation

Investment in equity securities covered by the NIFTY NEXT 50

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

 

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Asset Allocation

Asset Allocation is represented as:
Instruments
Indicative Allocation (% of net assets) Risk Profile
Maximum Minimum

Equity and equity related securities covered by Nifty
Next 50 Index

100% 95%
Medium to High

Debt and money market instruments*

5% 0% Low to Medium

*Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having anunexpired maturity upto one year, call or notice money, certificate of deposit, usance bills and any other like instruments asspecified by Reserve Bank of India from time to time.

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Speak to us
Speak to us

 a.)  For Investors

Toll-free number - 1800 4190 200/
1800 2000 400

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – investor.line@lntmf.co.in

 

 b.)  For Distributors

Phone number - 1800 4199 800/3030 9800

Timing – 9AM to 6PM (Mon-Fri)

               9AM to 1PM (Saturday)

Email id – partner.line@lntmf.co.in

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