L&T Mutual Fund has launched the New Fund Offer (NFO) of L&T FMP - Series XI - Plan B (90 days), a close ended income scheme. The NFO opens and closes for subscription on May 22, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10,000 and in multiples of Re.1 thereafter.
The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund managers are Vikram Chopra and Shobheta Manglik.
The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme.
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