LIC Nomura Mutual Fund has launched the New Fund Offer (NFO) of LIC Nomura MF Fixed Maturity Plan Series 80 (366 Days), a close ended income scheme. The NFO opens for subscription on Apr 11, 2014 and closes on Apr 15, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Y D Prasanna.
The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the maturity of the scheme.
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