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Saturday, January 24, 2015

LIC Nomura MF Tax Plan Announces Discontinuation of Dividend Reinvestment Option

With effect from 02 February 2015

LIC Nomura Mutual Fund has approved discontinuation of fresh subscriptions under dividend reinvestment option of LIC Nomura MF Tax Plan, with effect from 02 February 2015. 

Consequently, no fresh subscription will be accepted under the dividend reinvestment of the scheme. After discontinuation of dividend reinvestment option, the scheme will offer dividend and growth option where growth option as the default option. Dividend option will have only dividend payout as the sub-option.
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