Apr 10, 2008

LIC MF launches a new FMP

10 Apr 2008 | 13:10

LIC MF launches a new FMP

Name of Fund: LIC Mutual Fund Fixed Maturity Plan Series 40

Scheme: It is a close-ended income scheme. It will mature after 3 months.

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: The fund would invest up to 100% in debt instruments having residual maturity of 3 months. It can also invest up to 100% in money market instruments. Investment in debt instruments includes securitised debt up to 100%.

Fund Opens: 7 April 2008

Fund Closes: 11 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.

Benchmark Index: C Fund ~ LX

Fund manager: Mr Ashish Kumar