L&T FMP – I (July91D A) : NFO

by khalid on 02/07/2010 · 0 comments

L&T Mutual Fund is one of the premier mutual funds in the country which is backed by one of the most trusted and valued brands, L&T Finance – incorporated as Non Banking Finance Company in November 1994. The company has launched a New Fund Offer (NFO) named as L&T FMP – I (July91D A). This is a close ended income scheme for 91days. The objective of the scheme is to to achieve growth of capital through investments made in a basket of debt/ fixed income securities maturing on or before the maturity of the Scheme/ Plan. However, there can be no assurance that the investment objective of the scheme will be realized.

The scheme would allocate up to 0% to 100% of assets in Debt Instruments and 0% to 100% of assets in debt securities & money market instruments .

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit load too is nill as Plan will be listed on the Stock Exchange.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Ms. Bekxy Kuriakose is the Fund Manager of the plan.

Fund NameL&T Mutual Fund
Scheme Name L&T FMP – I (July91D A)
Scheme CategoryClose Ended (Income)
NFO Launch Date2nd Jul 2010
NFO Closure Date6th Jul 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

For Further Details Please Visit Website : www.lntmf.com

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