LIC MF introduces Consumption Fund
LIC Mutual Fund (MF) has launched LIC MF Consumption Fund, an open-ended equity scheme following consumption theme. The NFO opens for subscription on October 31, 2025 and closes on November 14, 2025. The Entry load is not applicable for the scheme. The Exit load: If units of the Scheme are redeemed / switched-out within 90 days from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% will be levied. If units of the Scheme are redeemed / switched-out after 90 days from the date of allotment: No exit load will be levied. The minimum subscription amount is Rs 5,000 per application and in multiples of Re. 1 thereafter.
The performance of the scheme will be benchmarked against Nifty India Consumption TRI (Total Return Index) and its fund managers are Sumit Bhatnagar and Karan Doshi.
The investment objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following consumption theme.
