This scheme combines the benefits of different asset classes like equity and debt. The scheme will invest minimum 65% in debt and a maximum of 35% in equity.
The New Fund Offer (NFO) opened on 22 June 2015 for subscription and will close on 6 July 2015.
The scheme's objective is to offer returns to investors and seek capital appreciation by investing in a mixed portfolio of debt, equity and money market securities.
The scheme aims at investing a portion of the portfolio in equity and equity related securities to achieve capital appreciation.
With regards to investments in debt & money market securities, this scheme will invest only in securities which mature on or before the date of maturity of the schemes.
Mr. Kunal Jain (Debt) & Mr. Sachin Relekar (Equity) are the fund managers of the scheme.
Mr. Nilesh Sathe, Director & Chief Executive Officer, LIC Nomura MF said “The fixed income will always perform when interest rates are softening and the economy is trying to achieve its desired GDP growth rate so with this combination, the fixed income market will perform. With regards to the equity market, we are very positive from medium term and long term perspective. Reforms initiated by the government will have long term impact.
We expect returns to track overall earnings growth (which is expected to be about 15%). Stock picking opportunities are high and that is a key to out performance. In near term; monsoons, inflation trajectory and pace of improvement in capex cycle will determine the direction of the market. This is the right time to invest in a dual advantage fund as the real rate of interest is about 2.5%, so there is ample scope for RBI to cut rates in the coming quarters”.
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