LIC Nomura MF unveils Fixed Maturity Plan- Series 58

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LIC Nomura MF unveils Fixed Maturity Plan
LIC Nomura MF has unveiled new fund named as LIC Nomura MF Fixed Maturity Plan - SERIES 58, a close ended income scheme.

The new issues will be open for subscription from 8 March and will close on 12 March 2013.

Investment Objective:

The investment objective of the Scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the maturity of the scheme.

Benchmark:

CRISIL Short Term Bond Fund Index

Minimum Application Amount:

Rs 10,000/- and thereafter in multiples of Rs 10/- during the NFO of the scheme.

LIC NOMURA MF FMP Series 58 will be matured after 392 days from the date of allotment (including date of allotment) which is called 392 days plan. If the maturity day happens to be a non-business day, the next business day will be the maturity date.

Liquidity:

The scheme is a closed ended income scheme. The units of the scheme will be listed on National Stock Exchange of India Ltd. (NSE). The investors cannot redeem the units of the scheme directly with the Fund till the maturity of the scheme.

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