Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Nifty Next 50 Index Fund

Holds 50 companies worth ₹109 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹109 CrLIC MF Nifty Next 50 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.6% on Aug 2026, ₹112 Cr.

  • Largest holding

    Divi s Laboratories LimitedDivi s Laboratories Limited is 4.9% of this scheme's NAV.

  • Fund manager

    Nikhil KapoorRuns it since 1 Apr 2026, as the fund house dates it. With Sasikant Aravamuthan (fund manager).

Overview(5 Jul 2026)

Fund managers2

  1. Nikhil KapoorFund manager · Apr 2026
  2. Sasikant AravamuthanFund manager · Jul 2026
  1. Sumit BhatnagarOct 2023 – Apr 2026

Key facts

Benchmark
NIFTY Next 50 - TRI
Risk
Very High
Expense
Regular 1.04% · Direct 0.5%
Exit load
Nil
Started
20 Sept 2010
Minimum
₹5,000

Source.Its Scheme Summary Document as of 5 Jul 2026 at AMFI.

What changed(6 changes)

Jul 2026

2 changes
  1. Expense ratio
    5 JulRegular 1.05% → 1.04%Direct 0.51% → 0.5%
  2. Sasikant Aravamuthan joined
    3 Julas fund manager

Apr 2026

3 changes
  1. Nikhil Kapoor joined
    11 Apras fund manager
  2. Sumit Bhatnagar left
    11 Aprran it as fund manager from Oct 2023
  3. Expense ratio
    7 AprRegular 0.91% → 1.05%Direct 0.38% → 0.51%

Jul 2025

1 change
  1. Expense ratio
    22 JulRegular 0.9% → 0.91%Direct 0.32% → 0.38%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Oct 2023 – now)

  1. Nikhil Kapoor
  2. Sasikant Aravamuthan
  3. Sumit Bhatnagar
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Jul 2026)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
5 Jul 20261.04%0.50%0.01
7 Apr 20261.05%0.51%0.13
22 Jul 20250.91%0.38%0.06
14 Aug 20240.90%0.32%–
Direct plan, 5 Jul 2026
0.50%
Regular plan 1.04% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(5 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.

Risk, type and benchmark

Riskometer
Very High
Type
An open-ended scheme replicating / tracking the Nifty Next 50 Index [Total Returns Index]
Benchmark
NIFTY Next 50 - TRI
Benchmark 2
NIFTY 50 - TRI

Asset allocation it may hold

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.

How to invest(5 Jul 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Most
No Limit
Systematic
SIP Details - Daily, Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100,150, 200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12 "
Most
No Limit

Selling and switching

To redeem
Rs 500 and in multiples of Re 1/- Thereafter or 10 units
Minimum balance
NIL or NIL units
Switch minimum
As per target scheme or 500 units
Switch multiples
₹1 or 1 units
Switch most
No Limit or No Limit units

Scheme details(5 Jul 2026)

What it is

Category
Index Funds
Offer
2 Sept 2010 to 15 Sept 2010
Started
20 Sept 2010
Reopened
27 Sept 2010
Plans
Direct Plan - IDCW-Reinvestment · Direct Plan - IDCW-Payout · Regular Plan - IDCW-Reinvestment · Regular Plan - IDCW-Payout · Direct Plan - Growth-Growth · Regular Plan - Growth-Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/E/EIN/10/07/0003