Description

The LIC MF Exchange Traded Fund - NIFTY 100 is an investment product established by Life Insurance Corporation of India and managed by LIC Mutual Fund Asset Management Limited. This India-domiciled Exchange Traded Fund (ETF), launched on March 4, 2016, aims to mirror the performance of the Nifty 100 Index. It achieves this by investing in Indian public equity markets, specifically targeting the stocks of companies across diverse sectors and market capitalizations that comprise the Nifty 100 Index, allocating capital according to their respective index weightings. The fund was previously known as LIC Nomura Mutual Fund - LIC Nomura MF Exchange Traded Fund - Nifty 100.