NFO | L&T Nifty 50 Index Fund

NFO Details

Investment Objective

The scheme will adopt a passive investment strategy. It will invest in stocks comprising the Nifty 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 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.

Plans & Options

Plans - Direct & Regular Plan

Options - Growth & Dividend Payout & Reinvestment

NFO Open Date

24^th March 2020

NFO Closed Date

31^st March 2020

Minimum Application Size (Lumpsum Investment per Application)

Initial Investment: Rs. 5,000/-

Additional Investment : Rs. 1,000/-

Minimum Application Size (Systematic Investment per Application)

Minimum Installment Amount: Rs. 500

Minimum No. of Installments: (a) Monthly: 6 (b) Quaterly: 4

Minimum Aggregate Investment: Rs. 3,000/-

Benchmark Index

Nifty 50 Index TRI (Total Return Index)

Load Structure

Entry Load: Nil

Exit Load: a) If the units are redeemed or switched out are up to 10% of the units purchased or switched in (the limit) within 1 year from the date of allotment: Nil

b) If units redeemed or switched out are over and above the limit within 1 year from the date of allotment: 1% of Applicable NAV

c) If units are redeemed or switched out on or after 1 year from the date of allotment: Nil

If You want to invest in L&T Nifty 50 Index Fund NFO click below link: Angel BEE, FundzBazar App, FundzBazar Website

Mutual fund investments are subject to market risks, read all scheme related documents carefully.