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Thursday, July 16, 2015

L&T FMP – Series VIII – Plan C Announces extension of maturity

The maturity date of the scheme will be 12 August 2016 

L&T Mutual Fund has announced extension of maturity of L&T FMP – Series VIII – Plan C which is due for maturity on 21 July 2015. However, in light of the current business and operating environment and in accordance with provisions pertaining to roll-over by Sebi, it is proposed to extend the maturity of the scheme for a further period of 388 days i.e. the maturity date of the scheme will be 12 August 2016. 

As a result of the extension, there will be a change in the following: 

Tenure of the scheme: 1101 days (388 days from and including the date of extension i.e. 22 July 2015) 

Asset allocation: The scheme will invest 100% in money market instruments
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