LIC Mutual Fund launches LIC MF Short Term Debt Fund

NFO period: 11^th January – 25^th January, 2019

Highlights of the NFO:

• Scheme type – An Open Ended Short Term Debt scheme investing in instruments with Macaulay duration between 1 year and 3 years


• Investment objective – The primary investment objective of the scheme is to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments. However there can be no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking generation of reasonable returns over short to medium term by investing in Debt securities and money market instruments.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option, Dividend Option (Payout & Reinvestment Option).


• Fund Managers – Mr. Marzban Irani


• Benchmark – Crisil Short Term Bond Fund Index