LIC Nomura MF launches new plan under Series 5
16/09/2014 11:09
LIC Nomura Mutual Fund has launched a new close ended capital protection oriented scheme named “LIC NOMURA MF Capital Protection Oriented Fund Series 5 (38 Months)” with maturity period of 38 months from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 24.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
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 Payout option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Kunal Jain and Sachin Relekar will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to achieve capital protection will be met by investing in a portfolio of debt securities and money market instruments and options premium, equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and money market instruments and 0 to 20 per cent of asset in options premium, equity and equity related instruments
16/09/2014 11:09
LIC Nomura Mutual Fund has launched a new close ended capital protection oriented scheme named “LIC NOMURA MF Capital Protection Oriented Fund Series 5 (38 Months)” with maturity period of 38 months from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 24.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
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 Payout option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Kunal Jain and Sachin Relekar will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to achieve capital protection will be met by investing in a portfolio of debt securities and money market instruments and options premium, equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and money market instruments and 0 to 20 per cent of asset in options premium, equity and equity related instruments
