﻿<?xml version="1.0" encoding="utf-8"?><SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>LIC MF Nifty Next 50 Index Fund</Fund_Name><Option_Names_Regular__Direct>Direct Plan - IDCW-Reinvestment
Direct Plan - IDCW-Payout
Regular Plan - IDCW-Reinvestment
Regular Plan - IDCW-Payout
Direct Plan - Growth-Growth
Regular Plan - Growth-Growth</Option_Names_Regular__Direct><Fund_Type>An open-ended scheme replicating / tracking the Nifty Next 50 Index [Total Returns Index]</Fund_Type><Riskometer_At_the_time_of_Launch>Not Applicable</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Very High</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Index Funds</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>Not Applicable</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>The investment objective of the Scheme is to invest only in and all the stocks comprising the NIFTY Next 50 Index in the same weights of these stocks as in the Index with the objective to replicate the performance of the Total Returns Index of NIFTY Next 50 Index. The Scheme may also invest in derivatives instruments such as Futures and Options linked to stocks comprising the Index or linked to the NIFTY Next 50 Index. The Scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the NIFTY Next 50 Index (Total Returns Index) and the Scheme. There is no assurance that the investment objective of the Scheme will be achieved.</Description_Objective_of_the_scheme><Stated_Asset_Allocation>Instrument: - Stocks in the Nifty Next 50 Index and derivative instruments linked to the Nifty Next 50 Index as and when the derivative products are made available on the sameIndicative allocation (% to total Assets):Minimum: 95%Maximum: 100%Risk Profile: Medium to HighInstrument:- Cash and Money Market Instruments including money at call but excluding Subscription and Redemption Cash FlowIndicative allocation (% to total Assets):Minimum: 0%Maximum: 5%Risk Profile: Low to Medium. Please refer the Scheme Information Document for complete details.</Stated_Asset_Allocation><Face_Value>Rs. 10/-</Face_Value><NFO_Open_Date>2nd September, 2010</NFO_Open_Date><NFO_Close_date>15th September, 2010</NFO_Close_date><Allotment_Date>20th September, 2010</Allotment_Date><Reopen_Date>27th September, 2010</Reopen_Date><Maturity_Date_For_closedend_funds>Not Applicable</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>NIFTY Next 50 - TRI</Benchmark_Tier_1><Benchmark_Tier_2>NIFTY 50 - TRI</Benchmark_Tier_2><Fund_Manager_Name>FM 1- Mr. Nikhil Kapoor, FM 2- Mr.  Sasikant Aravamuthan</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>FM 1- Fund Manager, FM 2 - Fund Manager</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>FM 1- Managing since7th April 2026, FM 2 - Managing since 1st July 2026</Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 1.04, Direct 0.50</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>NIL</Exit_Load_if_applicable><Custodian>Standard Chartered Bank</Custodian><Auditor>M/s. Deloite Haskins &amp;amp; Co LLP</Auditor><Registrar>KFin Technologies Ltd</Registrar><RTA_Code_To_be_phased_out>Direct Plan - IDCW (NJD1R) I Direct Plan - IDCW (NJD1D) I Regular Plan - IDCW (NJDPR) I Regular Plan - IDCW (NJDPD) I Direct Plan - Growth (NJG1G) I Regular Plan - Growth (NJGPG)</RTA_Code_To_be_phased_out><Listing_Details>Not Applicable</Listing_Details><ISINs>INF397L01AX0-Direct Plan - IDCW-Reinvestment
INF397L01AY8-Direct Plan - IDCW-Payout
INF397L01182-Regular Plan - IDCW-Reinvestment
INF397L01166-Regular Plan - IDCW-Payout
INF397L01AW2-Direct Plan - Growth-Growth
INF397L01174-Regular Plan - Growth-Growth</ISINs><AMFI_Codes_To_be_phased_out>Regular Plan - Growth - 151935
Regular Plan - IDCW - 151936
Direct Plan - Growth - 151937
Direct Plan - IDCW - 151938</AMFI_Codes_To_be_phased_out><SEBI_Codes>LICM/O/E/EIN/10/07/0003</SEBI_Codes><Minimum_Application_Amount>5000</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>1</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>500</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>1</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>Rs 500 and in multiples of Re 1/- Thereafter</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>10</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>NIL</Minimum_Balance_Amount_if_applicable><Minimum_Balance_Amount_in_Units_if_applicable>NIL</Minimum_Balance_Amount_in_Units_if_applicable><Max_Investment_Amount>No Limit</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>As per target scheme</Minimum_Switch_Amount_if_applicable><Minimum_Switch_Units>500</Minimum_Switch_Units><Switch_Multiple_Amount_if_applicable>1</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>1</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>No Limit</Max_Switch_Amount><Max_Switch_Units_if_applicable>No Limit</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>Not Applicable</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>Not Applicable.</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP Details - Daily, Weekly, Monthly, Quarterly    | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly   | STP Details - Daily, Weekly, Monthly, Quarterly</SIP_SWP__STP_Details_Frequency><SIP_SWP__STP_Details_Minimum_amount>SIP Details - 100,150, 200, 1000    | SWP Details - 500,500,500,500    | STP Details - 100, 500, 500, 500</SIP_SWP__STP_Details_Minimum_amount><SIP_SWP__STP_Details_In_multiple_of>SIP Details - 1    | SWP Details - 1    | STP Details - 1</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP__STP_Details_Minimum_Instalments>&amp;quot;SIP Details - 60,40,30,6    | SWP Details - 6,4,4,4   | STP   : 60,12,12,12 &amp;quot;</SIP_SWP__STP_Details_Minimum_Instalments><SIP_SWP__STP_Details_Dates>SIP  : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly &amp;amp; Yearly - Any date between 1st to 28th | STP    :   Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly &amp;amp; Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)</SIP_SWP__STP_Details_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>No Limit</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>