Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and contributed Rs.2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882.
Debt Schemes
Open Ended
Mutual Fund Review: LIC Nomura Bond Fund
Objective:
To generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments.
Liquidity:
Unitholders can redeem their units on an on going basis on any business day.
Exit Load:
0.5% if repurchase is before 6 months from the date of allotment of units for investments upto to Rs. 50 lakhs.
0.25% if repurchase is before3 months from the date of allotment of units for investments greater than Rs. 50 lakhs
Minimum Subscription:
Rs. 5000/-.
Mutual Fund Review: LIC Nomura MF children´s Fund
Objective:
To generate long term capital appreciation through a judicious mix of investment in quality debt and equity instruments at relatively low risk levels through research based investments.
Liquidity:
Units for sale will be available on an ongoing basis on all business days not later than 30 days from the closure of initial offer period.
Options:
The Scheme is growth oriented and is inclusive of SIP/SWP to address needs of regular investment/withdrawal of the investor.
Accident Insurance Benefits:
A Free Personal accident cover to domestic resident unit holders equal to 10 times the amount invested subject to a maximum of Rs. 3 Lacs.
Flexibility:
The Scheme offers the flexibility to switch among various other schemes and options offered by the LIC Mutual Fund keeping in mind changing investment needs.
Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.
Ideal Gifts:
Units of the Scheme are also Ideal as gift for children less than 18 years of age.
Issue Price:
Sales will be at Face Value of Rs. 10/- per unit during the initial offer period and at NAV related prices subsequently subject to entry load conditions.
To generate an attractive return for its investors by investing in a portfolio of quality debt securities and money market instruments.
Liquidity:
Unitholders can redeem their units on an on going basis on any business day.
Exit Load:
0.5% if repurchase is before 6 months from the date of allotment of units for investments upto to Rs. 50 lakhs.
0.25% if repurchase is before3 months from the date of allotment of units for investments greater than Rs. 50 lakhs
Minimum Subscription:
Rs. 5000/-.
Mutual Fund Review: LIC Nomura MF Floater MIP - Plan A
OBJECTIVE: To generate regular income by investing mainly in floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk and at the same time aiming at generating capital appreciation in a long term by investing in equity / equity related instruments.
Exit Load:
• For application upto 25 lakh : 0.50% if exit within 6 months from the date of investment
• For application size > 25 lakh : 0.25% if exit within 3 months from the date of investment.
Plan:
Invest maximum 20% of the corpus in equity or equity related instrument.
Option:
Each Plan offers Investment under four options namely 1) Monthly Dividend 2) Quarterly Dividend 3) Yearly Dividend 4) Growth. Monthly, quarterly, and yearly dividend option will have dividend payout and reinvestment facilities.
Special Facilities:
Systematic Withdrawal Plan (SWP), Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Automatic Withdrawal of Capital Appreciation plan (AWOCA). SWP, STP, and AWOCA plans will be available under growth option only.
Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.
Repatrition Facility:
NRIs, FIIs and PIOs may invest in the scheme on full repatriation basis. (Investment will be governed by rules laid down by RBI/SEBI in this regard).
Issue Price:
Sales will be at NAV related prices on an ongoing basis, on all business days except during book-closure, if any.
Mutual Fund Review: LIC Nomura MF Floater MIP - Plan B
Plan B will invest maximum 10% of the corpus in equity or equity related instruments rest same as LICMF Floater MIP - Plan A.
Floating Rate Fund - STP
Objective:
The investment objective of the Scheme is to generate consistent return by investing mainly in a floating rate instruments / fixed rate instruments swapped for floating rate return so as to minimise the interest rate risk for the investor.
Options:
The Scheme offers Investment under the Growth Option and Dividend option. Dividend option is having payout and reinvestment facility.
Initial Offer Price:
Rs. 10/- per unit.
Minimum Investment:
Rs. 5000/- and thereafter in multiples of Rs. 500/-.
Nav Declaration:
Nav calculated up to 4 decimal places and declared on all calender days.
Easy Liquidity:
Licmf Floating Rate Fund - STP provides investors with easy liquidity where investors can redeem their investments at Area office / business centres and other authorised centres.
Repatriation Facility:
NRIs, OCBs, FIIs and PIOs may invest in the scheme on full repatriation basis. (Investment will be governed by rules laid down by RBI/SEBI in this regard).
Mutual Fund Review: LIC Nomura MF Govt Securities Fund
Options:
There are three plans to choose from
a). Dividend Plan for investors desiring regular income and
b). Dividend Reinvestment Plan for investors desiring accumulation of Income
c). Growth Plan for investors opting for growth
Liquidity:
The Scheme is Open-Ended. Unitholders can redeem their units on an on going basis on any business day.
Entry/Exit Load:
The scheme has no entry load at present. Exit load of 0.50% is applicable within three months from the date of invesment for investment upto 50 lacs. This will be effective w.e.f 01/02/2003 to 31/03/2003. For investments above 50 lacs, no exit load is applicable.
Minimum Subscription:
Rs. 10000/-
Mutual Fund Review: LIC Nomura MF Liquid Fund
Objective:
An open ended scheme which seeks to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments.
Liquidity:
On an ongoing basis units for sale and repurchases will be available on all business days after 4 days from the closure of initial offer period.
Choice Of Options:
(A) Dividend Reinvestment
(B) Growth Options.
Flexibility:
Unit holders will have the flexibility to switch among the schemes and options offered by the LICMF.
Mutual Fund Review: LIC Nomura MF Liquid Plus Fund
Objective:
The investment objective of the Scheme is to generate regular income by investing mainly in quality debt and money market instruments.
Exit Load:
0.5% for investment of Rs. 10 lakh or less if redeemed within 6 months from date of investment.
Liquidity:
MIP provides investors with easy liquidity where investors can redeem their investments at any time at Area office centers and other authorised centers.
Mutual Fund Review: LIC Nomura MF Short Term Plan
Objective:
The investment objective of the Scheme is to generate income by investing in a portfolio of quality short term debt securities.
Options :
The Scheme offers Investment under the Growth & Dividend option. In Dividend option, investor can choose from dividend payout / dividend re-investment option.
Minimum Investment:
Rs. 10000/-
Easy Liquidity:
Fixed Maturity Plan provides investors with easy liquidity where investors can redeem their investments at authorised centres.
Mutual Fund Review: LIC Nomura MF Monthly Income Plan
Close Ended
LIC Nomura MF Systematic Asset Allocation Fund
LIC Nomura MF Dhanasahayog
Objectives:
An open ended Income and Growth scheme which seeks to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt.
Issue Price:
Sales at NAV related prices subject to entry load conditions.
Liquidity:
The scheme has no lock-in period. Units for sale will be available on an ongoing basis, on all business days.
Entry/Exit Load:
The scheme has an entry load of 1% and an exit load of 2% at present.
Options:
The Scheme offers investment under three Plans viz.
1. Plan A- Dividend
2 Plan B - Dividend Reinvestment
3 Plan C- Growth
Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by the LIC Mutual Fund, keeping in mind the changing investment needs.
Minimum Investment:
Minimum investment of Rs 1000/- and thereafter in multiples of Rs.500/- for individuals and Minimum investment of Rs.10000/ - and thereafter in multiples of Rs1000/- for institutions
Equity Schemes
Open Ended
Mutual Fund Review: LIC Nomura MF Dhanasamriddhi
Objectives:
An open ended pure Growth scheme seeking to provide capital growth by investing mainly in a mix of equity instruments.
Issue Price:
Sales will be at NAV related prices
Liquidity:
The scheme has no lock-in period. Units for sale will be available on an ongoing basis on all business days.
Entry/Exit Load:
The scheme has an entry load of 1% and no exit load at present.
Options:
The Scheme is totally growth oriented .
Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by LIC Mutual Fund keeping in mind the changing investment needs.
Minimum Investment:
Minimum investment Rs. 5000/-
Mutual Fund Review: LIC Nomura MF Opportunity Fund
Objective:
The investment objective of the scheme is to provide capital growth in long-term with reasonable risk levels by investing mainly in companies which are in sector/s, which have a high growth potential at that point of time.
Entry Load:
Investment upto 1 Crore : 2.25%
Investment above 1 Crore: Nil
Options:
The scheme offers investment under two options namely Dividend & Growth. In Dividend option, one can choose from Dividend re-investment or Dividend pay-out.
Special facilities:
Systematic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP) and Preset Trigger Options. SWP, STP, and Preset Trigger Option will be available under growth option only.
Offer Price:
Rs. 10/- per unit at par during new fund offer and subsequently at NAV related price on an ongoing basis.
Minimum Investment:
Rs. 5000/- and thereafter in multiples of Re.1/-.
Mutual Fund Review: LIC Nomura MF Equity Fund
Objectives:
An open ended pure Growth scheme seeking to provide capital growth by investing mainly in mix of equity instruments.
Issue Price:
Sales will be at NAV related prices.
Liquidity:
The scheme has no lock-in period. Units for sale will be available on an on going basis, on all business days.
Entry/Exit Load:
The scheme has an entry load of 2% and no exit load at present.
Options:
The Scheme is totally growth oriented .
Flexibility:
The Scheme offers the flexibility to switch among the various other schemes and options offered by the LIC Mutual Fund, keeping in mind the changing investment needs.
Transparency:
Disclosure of NAV on a daily basis at the end of each business day. Periodical disclosure of portfolio as well as publication of yearly and half-yearly accounts.
Minimum Investment:
Minimum investment Rs. 2000/- .There is no upper limit on investments.
Other Schemes
LIC Nomura MF Index Fund Nifty Plan
LIC Nomura MF Index Fund Sensex Advantage Plan
LIC Nomura MF Index Fund Sensex Plan
LIC Nomura MF Tax Plan
LIC Nomura MF Dhanaraksha 1989
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