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Tuesday, July 19, 2016

L&T MF Announces Change in Fundamental Attributes of L&T Low Duration Fund

With effect from 22 August 2016 

L&T Mutual Fund has announced the change in fundamental attributes of L&T Low Duration Fund, with effect from 22 August 2016. 

The proposed changes are: 

Name of the scheme: L&T Banking & PSU Debt Fund 

Investment objective: The investment objective of the scheme is to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. 

Asset Allocation: 

The scheme will invest 80%-100% of assets in debt and money market instruments / securities issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and invest upto 20% in debt and money market instruments / securities issued by other entities (includes investments in Treasury bills and instruments / securities issued by the Central Government and State Government) with low to medium risk profile.
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