LIC Mutual Fund launches LIC MF Money Market Fund

NFO period: 28^th July – 29^th July, 2022

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in money market instruments. (A relatively low interest rate risk and moderate credit risk)


• Investment objective – The investment objective of the scheme is to generate income through investment in a portfolio comprising of money market instruments. However, there is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking income over short term by investing in money market instruments with maturity upto one year.


• 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. Rahul Singh


• Benchmark – NIFTY Money Market Index B-I