Tuesday 9 September 2014

L&T MF introduces FMP Series XI-Plan D (1130 Days)

L&T MF introduces FMP Series XI-Plan D (1130 Days)
Sep 09,2014   08:59 Hrs IST
L&T Mutual Fund has launched the New Fund Offer (NFO) of L&T FMP Series XI-Plan D(1130 days), a close ended income scheme. The NFO opens for subscription on Sep 09, 2014 and closes on Sep 12, 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 Short Term Bond Fund Index and its fund managers are Vikram Chopra and Richa Sharma.
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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