LIC Mutual Fund launches LIC MF Nifty Midcap 100 ETF

NFO period: 08^th February – 12^th February, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty Midcap 100 Total Return Index


• 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.


• Product suitability – The product is suitable for investors who are seeking long term investment by investing in equity and equity related securities and portfolios replicating the composition of Nifty Midcap 100 Total Return Index, subject to tracking errors.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Sumit Bhatnagar


• Benchmark – Nifty Midcap 100 TRI