Fund Features

Type of the scheme

An open-ended equity scheme tracking NIFTY NEXT 50 Index


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 


Growth (Default option) 

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

Both Options have common portfolio.

Fund Managers

Mr. Praveen Ayathan (w.e.f. Apr 15, 2020)

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 June 2022)

Click here to view daily TER

Annual Recurring Expenses (Direct Plan)

0.35% (As on 30th June 2022)

Click here to view daily TER

Entry Load


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



L&T Nifty Next 50 Index Fund
Regular, Growth

Product Label

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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