LIC Mutual Fund files offers document for Multi Cap Fund
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LIC Mutual Fund has filed offer document with SEBI to launch open-ended equity named ‘LIC MF Multi Cap Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load will be 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 will be Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. The Scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with NIFTY 500 Multicap 50:25:25 TRI. The minimum application amount is Rs 5000 and in multiples of Re1 thereafter.
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.
