News Details

LIC Mutual Fund launches LIC MF Short Term Debt Fund

Jan 11, 2019 by News Team

NFO period: 11th January – 25th January, 2019

Highlights of the NFO:

  • Scheme type – An Open Ended Short Term Debt scheme investing in instruments with Macaulay duration between 1 year and 3 years

  • Investment objective – The primary investment objective of the scheme is to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments. However there can be no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking generation of reasonable returns over short to medium term by investing in Debt securities and money market instruments.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Dividend Option (Payout & Reinvestment Option).

  • Fund Managers – Mr. Marzban Irani

  • Benchmark – Crisil Short Term Bond Fund Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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