LIC Mutual Fund launches LIC MF Balanced Advantage Fund

NFO period: 20^th October – 03^rd November, 2021

Highlights of the NFO:

• Scheme type – An open ended Dynamic Asset Allocation Fund


• Investment objective – The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over a long period of time by investing in a dynamically managed portfolio of equity and equity related instruments, debt and money market instruments.


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


• Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Managers – Mr. Yogesh Patil and Mr. Rahul Singh


• Benchmark – LIC MF Hybrid Composite 50 : 50 Index