New Fund Offers (NFO) from mutual funds are flooded in the market now. This time LIC Mutual Fund has introduced its LICMF Multi Cap Fund NFO. The benefit of investing into multi cap fund is that it diversifies your investments into all 3 sectors (large cap – mid cap – small cap ). Here are the details of the NFO :
Scheme Type : Open ended scheme.
NFO Period : 6th – 20th October 2022.
Scheme Reopens on : 2nd November 2022.
Investment Objective : Scheme aims to invest in equity & equity related instruments across large-mid-small cap stocks for long term capital appreciation of investors. It will invest 25% in large caps, 25% in mid caps, 25% in small caps & remaining 25% across other investment avenues.
Plans available : Regular & Direct
Options available : Growth & IDCW (Reinvestment/Payout).
Benchmark Index : Nifty 50 Multicap
Minimum Application Amount : Rs. 5,000 & in multiple of Rs 1 there after. Additional purchase of Rs. 500 and Rs. 1 there after.
SIP : Available during NFO & after reopening. Rs. 300-3000 minimum amount for monthly/quarterly SIP.
Entry Load : Nil
Exit Load : Before 1 year, 12% of units can be redeemed freely, after that 1% on remaining units will be applicable. Exit load is Nil after completion of 1 years.
Risk-o-meter : Very high
Disclaimer : MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
