Long term investment.
Investment in equity and equity related securities and portfolios replicating the composition of Nifty 100 Index, subject to tracking errors.
Risk - Moderately High.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
|Investment Objective||The investment objective of the scheme is to provide returns that closely correspond to the total returns of securities as represented by NIFTY 100 INDEX, subject to tracking errors. However there is no assurance that the objective of the scheme will be achieved.|
|Listing||The units of LIC MF ETF NIFTY 100 are listed on NSE & BSE.|
|Risk Factors||For detailed scheme/securities related risk factors, please refer to the Scheme Information Document.|
|Benchmark Index||NIFTY 100|
|Load Structure||Entry Load – Nil
Exit Load - Nil
|Applicable NAV||NAV means Net Asset Value per Unit of the Schemes as declared by the Fund and applicable for Purchase/Redemption of Units of the Schemes, based on the Business Day and Cut-off times at which the application is received and accepted.|
|Asset Allocation Pattern||
Since, LIC MF ETF – NIFTY 100 is a passively managed exchange traded open ended index scheme, therefore change in investment pattern is normally not foreseen. However, for short durations part of the corpus may be pending for deployment, in cases of extreme market conditions or special events. In the event of any deviations below the minimum limits or beyond the maximum limits as specified in the above table, the Fund Manager shall rebalance the portfolio within a period of 7 days. Also, the AMC shall ensure that in case of involuntary corporate action undertaken in the underlying securities, the portfolio will be rebalanced within a period of 30 days.
|Fund Manager||Mr. Sachin Relekar|
|Benefits of Investments through ETF:||» Can be easily bought / sold like any other stock on the exchange through terminals spread across the country.
» Can be bought / sold anytime during market hours at prices that are expected to be close to actual NAV of the Scheme. Thus, investor invests at real-time prices as opposed to end of day prices.
» No separate form filling for buying / selling units. It is just a phone call to your broker or a click on the net.
» Ability to put limit orders.
» Minimum investment for an Exchange Traded Fund is one unit.
» Protects long-term investors from the inflows and outflows of short-term investors.
» Flexible as it can be used as a tool for gaining instant exposure to the equity markets, hedging or for arbitraging between the cash and futures market.
» Helps in increasing liquidity of underlying cash market.
» Aids low cost arbitrage between Futures and Cash market.
» An investor can get a consolidated view of his investments without adding too many different account statements, as Exchange Traded Funds will be in demat form.
|Minimum Application Amount on ongoing basis from Mutual Fund/ Stock Exchange(s)||1. For Subscription / Redemption of units directly with Mutual Fund: Purchases directly from the Mutual Fund would be restricted to Authorized Participants and Large Investors provided the value of units to be purchased is in creation unit size. Authorized Participants and Large Investors may buy the units on any business day for the scheme directly from the Mutual Fund at applicable NAV and transaction charges, if applicable, by transferring securities or cash,
value of which is equal to creation unit size. Each creation unit consists of 1, 00,000 units of LIC MF ETF – NIFTY 100. 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.
|Statutory Details: Sponsor: Life Insurance Corporation of India.
Investment Manager: LIC Mutual Fund Asset Management Ltd. CIN: U67190MH1994PLC077858
"*Mutual Fund investments are subject to market risks, read all scheme related documents carefully."