LIC MF launches another new FMP
Name of Fund: LIC Mutual Fund Fixed Maturity Plan Series 36
Scheme: It is a close-ended income scheme.
Plans: It will mature after 14 months, which is called 14 months plan.
Objective: The scheme aims to minimize interest rate risk by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the scheme.
Asset Allocation: Under 14 months plan the fund would invest up to 100% in debt instruments having residual maturity of 14 months. It can also invest up to 100% in money market instruments. Investment in debt instruments includes securitised debt up to 100%. The total exposure in the derivative will not be more than 50% of the net asset of the scheme.
Fund Opens: 15 April 2008
Fund Closes: 21 April 2008
Face Value: Rs. 10
Investment Options: The scheme provides dividend and growth option. Under dividend option investors can choose either dividend reinvestment or dividend payout.
Minimum Investment Amount: The minimum investment is of Rs.10,000 and in multiple of Rs. 1000 thereafter.
Fund manager: Mr Ashish Kumar
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