L&T MF unveils 91 Days Fund

Posted By:
Subscribe to GoodReturns

L&T MF unveils 91 Days Fund
L&T Mutual Fund unveils a new fund today, named as L&T FMP - IV (August91D A). It"s a close-ended income scheme.

The scheme has the duration of 91 days which will mature on 8 November 2011.

Investment objective:
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt / fixed income securities maturing on or before the maturity of the scheme.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Allocation of funds:
The scheme would allocate up to 100% of assets in debt and money market instruments with low to medium risk profile. Debt instruments may include exposure in derivatives, either exchange traded or OTC which can be upto 50% of net assets as permitted by SEBI regulations.

Basic Details:
NFO Opens: August 8, 2011
NFO Closes: August 9, 2011
NFO Price: Rs.10 per unit
Options: Dividend Payout and Growth
Minimum Application Amount: Rs 5,000 per application and additional Rs 10, thereafter
Benchmark: CRISIL Liquid Fund Index
Exit Load: Nil
Fund Manager: Ms. Richa Sharma and Mr. Hareshwar Karekar

GoodReturns.in

Read more about: mutual funds, nfo, fund, debt
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?