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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).

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