LIC Nomura launches Capital protection Fund Series II

The New Fund Offer (NFO) will close on January 13th, 2014

January 02, 2014 4:25 IST | India Infoline News Service
LIC Nomura Mutual Fund announces the launch of ‘Capital Protection Oriented Fund- Series II’ (CPOF), a 34 month close ended scheme. The product is designed for investors who are seeking to achieve capital protection.

The New Fund Offer (NFO) will close on January 13th, 2014. The units will be available at par (Rs.10/-) during the NFO. The scheme will invest in 85% debt and 15% equity.

The investment objective of the scheme is to achieve capital protection by investing in AAA or equivalent rated high quality fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by also investing in equity and equity related investments.

Speaking on the announcement, Nilesh Sathe, Director & Chief executive Officer, LIC Nomura Mutual Fund said “We received a very good response from the investors for the Capital Protection Oriented Fund Series I and today we are glad to announce the launch of CPOF Series II as it will help the investors to earn regular income over medium/ long term. The scheme is also designed with the purpose to help achieve capital appreciation and tax efficiency”.

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