LIC MF introduces Multi Cap Fund
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LIC Mutual Fund (MF) has launched LIC MF Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap and small cap stocks. The NFO opens for subscription on October 06, 2022 and closes on October 20, 2022. The Entry load is not applicable for the scheme. The 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units, 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units and exit load will be nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 5,000 and in multiple of Re 1 thereafter.
The performance of the scheme would be benchmarked against NIFTY 500 Multicap 50:25:25 TRI and its fund manager is Yogesh Patil.
The investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap and small cap stocks
