The NFO opened for subscription on December 30th, 2013 and closes on January 13th, 2014.
LIC Nomura Mutual Fund announced the launch of its 34 month close ended scheme called LIC Nomura ‘Capital Protection Oriented Fund- Series II’ (CPOF). The product is designed for investors who are seeking to achieve capital protection.
The scheme will invest in 85% debt and 15% equity.
The investment objective of the scheme is to achieve capital protection by investing in AAA or equivalent rated high quality fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by also investing in equity and equity related investments.
Speaking on the announcement, Nilesh Sathe, Director & Chief executive Officer, LIC Nomura Mutual Fund said “We received a very good response from the investors for the Capital Protection Oriented Fund Series I and today we are glad to announce the launch of CPOF Series II as it will help the investors to earn regular income over medium/ long term. The scheme is also designed with the purpose to help achieve capital appreciation and tax efficiency”.
