Lic Mutual Funds Launches Overnight Fund

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LIC Mutual Funds Launches Overnight Fund

LIC Mutual Funds was built up on twentieth April 1989 by LIC if India. Being a partner organization of India's chief and most confided in brand, LIC Mutual Fund is one of the notable players in the advantage the board circle. As of late, it has discharged on July 18, 2019, new assets named LIC Overnight Fund is an open-finished putting resources into overnight protections. On 15 July, it open for membership. The plan will be benchmarked against the Nifty 1D rate Index.

The goal of the plan is to furnish sensible returns comparable with less hazard and giving a significant level of liquidity, through speculations made basically in for the time being protections having development/remaining development of 1 business day. Nonetheless, there can be no affirmation that the investment target of the plan will be accomplished.

Essential Details

Store House: LIC Mutual Fund

Dispatch Date: Jul 18, 2019

Benchmark: NIFTY 1D Rate TRI

Riskometer: Low

Type: Open-finished

Least Application Amount: Rs 5000 and in products of Rs 1 ...
... from that point

Least Additional Amount: For Subsequent speculations under a current folio Rs 500 and in products of Rs 1 from there on.

Application bolstered by Block Amount(ASBA) During NFO: Investors likewise have a choice to buy in to units of the plan during the new finances offer period under the application upheld by blocked amount(ASBA) office.

Special Products/Facilities available during the NFO

Efficient Investment Purchase(SIP) and switch In office would be accessible during NFO.

Choice:

1. Development Option and 2. Profit Option

The Dividend choice has the accompanying offices:

(I) Dividend Re-speculation Facility (accessible for day by day, week after week and Periodic recurrence)

(ii) Dividend Pay-out Facility (accessible for Periodic recurrence)