LIC Nomura Liquid Fund has bagged CRISIL Mutual Fund Rank 1
for the quarter ending March 2013. The scheme received No 1 rank for its
quality of assets.
The scheme seeks to generate sound returns with low risk and high liquidity by investing in a portfolio of money market and debt instruments. Nilesh Sathe, Director and Chief Executive Officer, LIC Nomura Mutual Fund said “This was possible due to judicious mix of safety and returns. We shall strive to maintain No. 1 rank and create a niche in the minds of the investors.”
