LIC MF Multi Cap Fund Floats On

27 Sep 2022 , 11:31 AM

LIC Mutual Fund has launched a new fund named as LIC MF Multi Cap Fund.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

Category of Scheme: Multi Cap Fund

The scheme has two plans: regular plan and direct plan.

The Scheme has the following Options: Growth Option & Income Distribution cum Capital Withdrawal (IDCW) Option

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The additional application amount is Rs 500 and in multiples of Re. 1/- thereafter.

Load structure: Entry Load – NIL. Exit Load – 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. Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

First Tier Benchmark Index for the scheme is NIFTY 500 Multicap 50:25:25 TRI

The fund manager of the scheme is Mr. Yogesh Patil.

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