LIC Nomura MF Fixed Maturity Plan - Series 92 - NFO

LIC Nomura Mutual Fund (MF) has launched a new fund named as LIC Nomura MF Fixed Maturity Plan - Series 92, a close ended income scheme with the duration of 1100 days.

The new fund offer (NFO) price for the scheme is Rs. 10 per unit.

The new issue will be open for subscription from 2014 December 1 to December 9.

The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the date of the maturity of the scheme.

The scheme offers 2  options viz. growth & dividend payout option.

The scheme would allocate 75% to 100% of assets in debt instruments and invest upto 25% of the asset in money market instruments with low to medium risk profile. Debt includes securitized debt upto 50%.

The minimum application amount is Rs. 10,000.

The fund will be listed on NSE.

Entry load:
Nil
Exit load:
Not applicable for the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

The fund manager of the scheme is Mr. Killol Pandya.

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