LIC Multi-cap Fund Want to Invest

LIC Mutual Fund has announced the launch of the new fund offer (NFO)

LMCF is an open-ended scheme that will invest in equities

The fund will be benchmarked against the Nifty 500 Multicap 50:25:25 Total Return Index.

HOW DOES THE FUND WORK?

25% - Large Cap

25% - MID Cap

25% - Small Cap

25% - Discretion & Discipline

WHO SHOULD INVEST?

Investor with investment horizon of 3 years or more. 

Minimum Application Amount -Start wit SIP of Rs. 1000 - Lumpsum Investment : ₹ 5,000 & multiples of ₹ 1 thereafter.

The Regular and Direct plan will be having a common portfolio

The NFO will close for initial subscription on October 20.