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Saturday, August 20, 2016

L&T MF Announces Introduction of Money-Back Facility under its schemes

With effect from 16 August 2016 

L&T Mutual Fund has announced a new facility namely Money-Back facility will be introduced under L&T India Prudence Fund, L&T Dynamic Equity Fund, L&T Equity Savings Fund, L&T Monthly Income Plan, L&T Income Opportunities Fund and L&T Short Term Income Fund, with effect from 16 August 2016. 

The new facility under the schemes of the fund will allow investors to redeem a fixed sum of money periodically at the prevailing NAV depending on the option chosen by the investor.
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