LICMF MID CAP Fund

Investment Objective


The investment objective of the scheme is to provide returns that correspond to the total returns of securities as represented by Nifty Midcap 100 Total Return Index, subject to tracking errors. There is no assurance or guarantee that the objective of the scheme would be achieved.

Minimum Amount for Application during the New Fund Offer period


1. For Subscription / Redemption of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any order placed for redemption or subscription directly with the AMC must be of greater than INR 25 Cr. The aforesaid threshold shall not be applicable for APs/MMs and shall be periodically reviewed. Each creation unit consists of 2,00,000 units of LIC MF Nifty Midcap 100 ETF. The Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments.

2. For Purchase / Sale of units through Stock Exchange: As the Units of the Schemes are listed on NSE & BSE, an Investor can buy Units on continuous basis on the capital market segment of NSE during trading hours like any other publicly traded stock at prices which may be close to the actual NAV of the Scheme. There is no minimum investment, although Units are Purchased in round lots of 1 (one) Unit.

Load Structure


Entry Load - Not applicable
Exit Load - Nil

Benchmark Index


Nifty Midcap 100 TRI

Listing $


The units of LIC MF Nifty Midcap 100 ETF shall be listed on NSE & BSE.

$ NSE Disclaimer It is to be distinctly understood that the permission given by NSE Limited should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the 'Disclaimer Clause of NSE '.

BSE Disclaimer: "It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the SID has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the 'Disclaimer Clause of the BSE Limited".

Investment Strategy

The Fund would invest not less than 95% of its corpus in securities comprising the Nifty Midcap 100 Total Return Index and endeavour to track the benchmark index while minimizing the tracking error and therefore would follow a passive investment strategy. The scheme would aim to maintain least amount of cash & will also try & avoid investment in debt & money market securities. This would only be for the purpose of redemption requirements.

Investment Strategy

The Fund would invest not less than 95% of its corpus in securities comprising the Nifty Midcap 100 Total Return Index and endeavour to track the benchmark index while minimizing the tracking error and therefore would follow a passive investment strategy. The scheme would aim to maintain least amount of cash & will also try & avoid investment in debt & money market securities. This would only be for the purpose of redemption requirements.


Who Should Invest LICMF Nifty Midcap 100 ETF?

Investor looking for exposure to midcap stocks at all points in time.

Invests across various sectors to diversify equity investments.

Investors who want to participate in midcap stocks which may have the potential to become large-cap stocks.

Investor with investment horizon of 3 years or above.

Who Should Invest LICMF Nifty Midcap 100 ETF?

Investor looking for exposure to midcap stocks at all points in time.

Invests across various sectors to diversify equity investments.

Investor with investment horizon of 3 years or above.

Investors who want to participate in midcap stocks which may have the potential to become large-cap stocks.


Why Invest in LICMF Nifty Midcap 100 ETF?

Transparency in holdings and trading at real time NAV.

Low cost as compared to actively managed mutual fund schemes.

Transparency in holdings and trading at real time NAV.

Why Invest in LICMF Nifty Midcap 100 ETF?

Transparency in holdings and trading at real time NAV.

Low cost as compared to actively managed mutual fund schemes.

Transparency in holdings and trading at real time NAV.

Asset Allocation


Instruments Indicative allocations (% of total assets) Risk Profile
Minimum Maximum
Securities covered by the Nifty Midcap 100 Index 95 100 Very High
Units of Liquid/ debt schemes and money market instruments including Triparty Repo (with maturity not exceeding 91 days) 0 5 Low to Moderate

For complete details, please refer the offer documents

Fund Manager


Mr. Sumit Bhatnagar

Riskometer


This product is suitable for investors who are seeking*:
  • Long term investment.
  • Investment in equity and equity related securities and portfolios replicating the composition of Nifty Midcap 100 Total Return Index, subject to tracking errors.
  • Risk - Very High

Scheme Riskometer #

Investors understand that their principal will be at Very High risk

First Tier Benchmark Riskometer Nifty Midcap 100 TRI ##


*Investors should consult their financial advisors if in doubt about whether the product is suitable for them. The change in Risk-o-meter will be evaluated on a monthly basis. For Scheme related details, including updation in Riskometer (if any) may please be referred on our website: www.licmf.com

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