LIC MF introduces Multi Asset Allocation Fund
LIC Mutual Fund has launched LIC MF Multi Asset Allocation Fund, an open-ended scheme investing in Equity, Debt and Gold. The NFO opens for subscription on January 24, 2025 and closes on February 07, 2025. No Entry Load shall be charged for the scheme The Exit Load: If units redeemed/switched out within 3 months from allotment date - Nil for upto 12% of units held & Remaining 88% of units held 1% of applicable NAV and If units redeemed/switched out after 3 months from allotment date - Nil. The minimum subscription amount is Rs 5,000/- and in multiples of Re.1 thereafter.
The performance of the scheme will be benchmarked at 65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold and its fund managers are Nikhil Rungta, Sumit Bhatnagar, and Pratik Harish Shroff.
The investment objective of the scheme is to generate long term capital appreciation by investing in diversified portfolio of equity & equity related instruments, debt & money market instruments and units of Gold Exchange Traded Funds (ETFs).
