LICNAMC - LICNMID100 ETF

About LIC MF Nifty Midcap 100 ETF

• LIC MF Nifty Midcap 100 ETF is an open-ended scheme designed to generate returns, before expenses, that closely replicate the performance of the Nifty Midcap 100 Total Return Index, subject to tracking errors.
• The exchange traded fund (ETF) was launched in February 2024
• LIC MF Nifty Midcap 100 ETF has 99.9% exposure to equities.
• The fund is managed by Sumit Bhatnagar
• The ETF symbol is LICNMID100.
• LIC MF Nifty Midcap 100 ETF invests around 53.5% of its assets in mid-cap stocks and 46.5% in large-cap stocks.
• LIC MF Nifty Midcap 100 ETF has been categorised as a ‘very high’ risk investment.
• The scheme has no lock-in period.
• The ETF's assets under management (AUM) stood at ₹598 crore as of June 30, 2024.
• The expense ratio of the LIC MF Nifty Midcap 100 ETF is 0.16%.
• The ETF offers an opportunity to investors to invest in Nifty Midcap 100 stocks through a single instrument.
• LIC MF Nifty Midcap 100 ETF can be purchased from the LIC Mutual Fund website. Additionally, you can buy the ETF via online trading platforms.

Investment Objective & Benchmark

• LIC MF Nifty Midcap 100 ETF invests in stocks that make up the Nifty Midcap 100 Index, maintaining the same proportion as the benchmark index, and aims to track its performance.
• LIC MF Nifty Midcap 100 ETF is mandated to invest at least 65% of its assets in mid-cap stocks at all times. Being passively managed, it replicates the portfolio of its chosen benchmark index.
• Nifty Midcap 100 Index reflects the performance of Indian midcap companies and includes 100 firms listed on the National Stock Exchange. By investing in the LIC MF Nifty Midcap 100 ETF, investors can participate in a diverse segment of mid-sized companies.

Asset Allocation & Portfolio Composition

• LIC MF Nifty Midcap 100 ETF has a diverse sector allocation. Industrials lead the portfolio with 20.4% of the fund's assets, closely matching the category average of 20.62%. Financials constitute 18.70% of the fund, slightly above the category average of 17.01%. Consumer Discretionary stocks make up 15.73% of the fund. Healthcare represents 11.55% of the fund. Technology accounts for 10.97% of the fund's assets, compared to the category average of 9.76%.

Top 10 Stock Holdings in the portfolio:

• Max Healthcare - 2.72%
• Suzlon Energy - 2.21%
• Cummins India - 2.17%
• The Indian Hotels - 2.16%
• Tube Investments - 1.79%
• CG Power - 1.78%
• Dixon Technologies - 1.78%
• Persistent Systems - 1.74%
• Bharat Forge - 1.7%
• Yes Bank - 1.67%

Since inception, LIC MF Nifty Midcap 100 ETF has delivered 13.51% returns.