LIC MF Nifty Next 50 Index Fund
LIC Mutual Fund · Index Fund · Regular plan, growth option
NAV (₹), 1 Oct 2026
51.3509
1-day change
-1.11%
1Y return
1.7%
3Y CAGR
15.2%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 31 Jul 2023 to 1 Oct 2026
Returns vs Index Fund median (276 schemes) and “Nifty Next 50” median (19)
| Period | Scheme | Category median | Nifty Next 50 median |
|---|---|---|---|
| 1 month | -5.4% | -6.5% | -5.4% |
| 3 months | -4.2% | -5.3% | -4.2% |
| 6 months | 11.8% | 5.2% | 11.4% |
| Year to date | -0.1% | -7.2% | -0.4% |
| 1 year | 1.7% | -3.6% | 1.4% |
| 3 years (CAGR) | 15.2% | 9.0% | 15.2% |
| 5 years (CAGR) | n/a | 6.8% | 10.2% |
| 7 years (CAGR) | n/a | 10.9% | 14.2% |
| 10 years (CAGR) | n/a | 10.5% | 11.7% |
| Since first NAV (CAGR) | 14.1% | – | – |
“Nifty Next 50” is MFIC's grouping of Index Fund schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 5.5% | 6.8% |
| 3Y rolling median | 17.6% | 16.2% |
| 3Y rolling worst | 15.1% | 8.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 12.9% |
| 5Y rolling worst | n/a | 5.9% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 20.3% | 17.6% |
| Sharpe ratio | 0.48 | 0.22 |
| Sortino ratio | 0.72 | 0.31 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −26.6% | −19.1% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | n/a | −17.9% |
| Current drawdown | −10.9% | −11.5% |
| Recovery time of worst fall | n/a | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.91% a year and the Direct plan's 0.36%, a gap of 0.55%; over the last 3 years the Direct plan returned 0.65 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹14,07,973.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.87% to 0.91% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Nikhil Kapoor | Fund Manager | 1 Apr 2026 |
| Sasikant Aravamuthan | Fund Manager | 1 Jul 2026 |
Objective: The investment objective of the Scheme is to invest only in and all the stocks comprising the NIFTY Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of NIFTY Next 50 Index. The Scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the NIFTY Next 50 Index. The Scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the NIFTY Next 50 Index (Total Returns Index) and the Scheme. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Instrument: - Stocks in the Nifty Next 50 Index and derivative instruments linked to the Nifty Next 50 Index as and when the derivative products are made available on the sameIndicative allocation (% to total Assets):Minimum: 95%Maximum: 100%Risk Profile: Medium to HighInstrument:- Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash FlowIndicative allocation (% to total Assets):Minimum: 0%Maximum: 5%Risk Profile: Low to Medium. Please refer the Scheme Information Document for complete details.
Benchmark (tier 1): NIFTY Next 50 - TRI
Minimum application: ₹5,000
Allotment date: 20 Sep 2010
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.91% | 1.10% |
| AUM, whole scheme (₹ crore) | 109 | 159 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 3.2% | 3.7% TRI |
| Return, 3 years (AMFI) | 15.6% | 16.6% TRI |
| Return, 5 years (AMFI) | 10.5% | 11.4% TRI |
Official benchmark: Nifty Next 50 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Index Fund Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | -0.1% | n/a | – |
| 2025 | 2.0% | n/a | – |
| 2024 | 26.9% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,19,607 | -0.6% |
| 3 years | ₹3,60,000 | ₹3,86,468 | 4.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: LIC Mutual Fund
Category: Index Fund
Plan / option: Regular · Growth
AMFI scheme code: 151935
ISIN: INF397L01174
First NAV in MFIC data: 31 Jul 2023
History: 3.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| SBI Nifty Next 50 Index Fund | Index Fund | 1.00 | 15.3% |
| Edelweiss Nifty Next 50 Index Fund | Index Fund | 1.00 | 15.1% |
| UTI - Nifty Next 50 Index Fund | Index Fund | 1.00 | 15.3% |
| HSBC NIFTY NEXT 50 Index Fund | Index Fund | 1.00 | 15.0% |
| Motilal Oswal Nifty Next 50 Index Fund | Index Fund | 1.00 | 15.0% |
| Kotak Nifty Next 50 Index Fund | Index Fund | 1.00 | 15.4% |
Questions about LIC MF Nifty Next 50 Index Fund
- What is the latest NAV of LIC MF Nifty Next 50 Index Fund?
- The NAV of the Regular plan (growth option) was ₹51.3509 on 1 Oct 2026, as published by AMFI.
- Which category is LIC MF Nifty Next 50 Index Fund in?
- It is classified as Index Fund in AMFI's daily NAV file; a Index Fund scheme passively tracks a stated index. MFIC compares it with 276 Index Fund schemes (Regular plans).
- What returns has LIC MF Nifty Next 50 Index Fund delivered?
- Over one year the NAV changed by 1.7%. The 3-year CAGR is 15.2% (category median 9.0%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 17.6%, the lowest was 15.1%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in LIC MF Nifty Next 50 Index Fund's NAV?
- The largest peak-to-trough fall in its available history was 26.6%.
- How volatile is LIC MF Nifty Next 50 Index Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 20.3%, which is above the Index Fund category median of 17.6%.
- What would a monthly SIP in LIC MF Nifty Next 50 Index Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,86,468 on 1 Oct 2026, an annualised return (XIRR) of 4.7%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of LIC MF Nifty Next 50 Index Fund?
- The total expense ratio of the Regular plan is 0.91% a year, as disclosed to AMFI (median of Index Fund Regular plans: 1.10%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is LIC MF Nifty Next 50 Index Fund?
- Assets under management of the whole scheme were ₹109 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of LIC MF Nifty Next 50 Index Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of LIC MF Nifty Next 50 Index Fund and how has it compared?
- Its official benchmark is the Nifty Next 50 TRI. Over 3 years AMFI reports a return of 15.6% for this plan against 16.6% for the benchmark total return index; over 5 years 10.5% against 11.4%. Past performance does not indicate future results.
- Who manages LIC MF Nifty Next 50 Index Fund?
- According to its Scheme Summary Document, LIC MF Nifty Next 50 Index Fund is managed by Nikhil Kapoor (since 1 Apr 2026), Sasikant Aravamuthan (since 1 Jul 2026).
- What is the minimum investment in LIC MF Nifty Next 50 Index Fund?
- The minimum application amount is ₹5,000. SIP details: SIP Details - 100,150, 200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 2.2% and the Regular plan's by 1.7%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.