LIC Nomura MF unveils Fixed Maturity Plan- Series 58

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    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.

    GoodReturns.in

    Read more about: lic mutual funds
    Story first published: Monday, March 11, 2013, 14:54 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more