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LIC Mutual Fund |
Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and contributed Rs.2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882.
Debt Schemes
Open Ended LIC Bond Fund
Objective:
To generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments.
Liquidity:
Unitholders can redeem their units on an on going basis on any business day.
Exit Load:
0.5% if repurchase is before 6 months from the date of allotment of units for investments upto to Rs. 50 lakhs.
0.25% if repurchase is before3 months from the date of allotment of units for investments greater than Rs. 50 lakhs
Minimum Subscription:
Rs. 5000/-.
LICMF children´s Fund
Objective:
To generate long term capital appreciation through a judicious mix of investment in quality debt and equity instruments at relatively low risk levels through research based investments.
Liquidity:
Units for sale will be available on an ongoing basis on all business days not later than 30 days from the closure of initial offer period.
Options:
The Scheme is growth oriented and is inclusive of SIP/SWP to address needs of regular investment/withdrawal of the investor.
Accident Insurance Benefits:
A Free Personal accident cover to domestic resident unit holders equal to 10 times the amount invested subject to a maximum of Rs. 3 Lacs.
Flexibility:
The Scheme offers the flexibility to switch among various other schemes and options offered by the LIC Mutual Fund keeping in mind changing investment needs.
Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.
Ideal Gifts:
Units of the Scheme are also Ideal as gift for children less than 18 years of age.
Issue Price:
Sales will be at Face Value of Rs. 10/- per unit during the initial offer period and at NAV related prices subsequently subject to entry load conditions.
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