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Tuesday, June 24, 2014

LIC Nomura MF Capital Protection Oriented Fund Series 4 Floats On

NFO period is from 23 June to 07 July 2014 

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Capital Protection Oriented Fund Series 4, a close ended capital protection oriented scheme with the duration of 38 months. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 23 June to 07 July 2014. 

The investment objective of the scheme is to achieve capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by investing in equity and equity related instruments. 

The scheme offers two options viz. growth and dividend payout option. 

The scheme would allocate 80%-100% of assets in debt securities and money market instruments with low to medium risk profile and invest upto 20% of the asset would be invested in options premium, equity & equity related instruments with high risk profile. 

The minimum application amount is Rs 5000 and in multiple of Re.1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load and exit load charged will be Nil for the scheme. 

Benchmark index for the scheme is CRISIL MIP Blended Index. 

The fund managers of the scheme are Killol Pandya (debt portion) and Sachin Relekar (equity portion).
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