L&T MF Floats 5 Months Fund

L&T Mutual Fund has launched a new a close ended income scheme named as L&T FMP - I (July5M A). The scheme's New Fund Offer (NFO) price is Rs 10 per unit. The new issue opens & closes for subscription on July 22, 2010. The scheme's investment objective would be to achieve capital growth through investments made in a basket of debt / fixed income securities maturing on or before the scheme's maturity.
The duration of the scheme is 5 months.
The scheme offers two options - growth and dividend (payout) option.
Further, the scheme would allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Moreover, the debt instruments may include securitized debt up to 100% of the net assets & exposure in derivatives, either exchange traded or OTC, up to 100% of Net Assets as permitted by SEBI regulations.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. Meanwhile, the fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
However, there will be no entry and exit load charge for the scheme.

Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?