LIC Nomura MF ETF - NIFTY 50 - Growth Plan

The LIC Nomura MF ETF - NIFTY 50 - Growth Plan, managed by LIC Mutual Fund Asset Management Limited, aims to replicate the Nifty 50 TRI's performance through a passive investment strategy.

This open-ended scheme employs a tracking approach to minimize tracking errors, with a benchmark of the Nifty 50 TRI, ensuring alignment with index returns.

The portfolio is heavily weighted in the banking sector, with HDFC Bank and ICICI Bank comprising 22.1% of total holdings, reflecting significant sector concentration risks.

Over the past year, the ETF has shown impressive performance, yielding +326.2%, with a three-year CAGR of 62.1%, indicating strong growth potential amid market conditions.

With a fund size of ₹865.6 Cr and a low expense ratio of 0.06%, the ETF offers efficient cost management, while trading on major exchanges enhances accessibility for investors.