NFO Information

 

NFO Information: 

Legal Name: L&T Nifty Next 50 Index Reg Gr
Legal Structure Name: Open Ended Investment Company
Category: Index Funds
Primary Benchmark: NIFTY Next 50 Index
Fund Company: L&T Investment Management Ltd
Transfer Agent Company: Computer Age Management Svcs
Fund Manager: Praveen Ayathan
Initial Investment: 5000
IPO Subscription Start Date: 24/03/2020
IPO Date: 07/04/2020
IPO Offer Price: 10.0000
Risk Level: Moderately High Risk
Defer Load Date: 24/03/2020 
Defer Load: Between 0 - 1 Years : 1.00 %; More Than 1 Years : 0.00 % 
Investment Strategy: The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty Next 50 index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty Next 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.

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