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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
With this change, LIC Housing Finance’s home loan rates will now start from 8%, effective April 28, 2025. The rate cut applies to both new and existing borrowers, making home loans cheaper.
Other major banks have also begun slashing lending rates in response to the RBI’s easing policy. The shift is expected to encourage more homebuyers, particularly in the affordable housing segment.
“The interest rate cuts are in line with the RBI’s decisions and current market scenario. We believe this move will boost consumer sentiments and stimulate housing demand,” said Tribhuwan Adhikari, MD & CEO, LIC HFL.
Industry experts view this as a positive signal for borrowers.
“The RBI’s repo rate cut is a welcome step toward easing financial pressure on households,” said Siddarth Jain, CFO at MinEMI. “While banks have started lowering home loan rates, the real benefit depends on the borrower’s loan structure. RLLR-linked customers will benefit automatically on their reset date, but MCLR or fixed-rate borrowers may need to take action.”
He added that keeping EMIs constant despite lower interest rates can help borrowers reduce their loan tenure significantly—saving lakhs in interest over time.
“It’s also a good time for new borrowers to compare offers,” he said.
ALSO READ | IDBI Bank and Ujjivan Small Finance Bank cut fixed deposit interest rates on select tenures
First Published: Apr 25, 2025 1:11 PM IST
