Expense ratio, exit load and tax
Expense ratio: 1.68%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Rungta has done CA, MBA (Finance), FRM
Experience
Prior to joining Nippon India Mutual Fund, he has worked with Bajaj Allianz Life Insurance Company, Anand Rathi Shares & Stock Brokers Ltd., Standard Chartered Securities (India) Ltd., Religare Capital Markets Ltd. and Moody’s Investor Service -ICRA Ltd.
Managed Schemes
LIC MF Flexi Cap Fund Direct Growth
LIC MF Large Cap Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Children's Fund Direct Growth
Nippon India Capital Builder Fund IV Series C Direct Growth
Nippon India Capital Builder Fund IV Series D Direct Growth
Nippon India Flexi Cap Fund Direct Growth
LIC MF Small Cap Fund Direct Growth