L&T MF launches “L&T Arbitrage Opportunities Fund”;
NFO to close on June 26
26/06/2014 11:29
L&T Mutual Fund has launched an open ended equity scheme named “L&T Arbitrage Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will also close today. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Venugopal Manghat and Praveen Ayathan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate reasonable returns will be met by investing in cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. Hence, the scheme will allocate 90 to 65 per cent of asset in Equity and equity related securities and equity derivatives and 10 to 35 per cent in debt and money market instruments.
26/06/2014 11:29
L&T Mutual Fund has launched an open ended equity scheme named “L&T Arbitrage Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will also close today. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Venugopal Manghat and Praveen Ayathan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate reasonable returns will be met by investing in cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. Hence, the scheme will allocate 90 to 65 per cent of asset in Equity and equity related securities and equity derivatives and 10 to 35 per cent in debt and money market instruments.
