The NFO is currently open for subscription and closes on November 24
LIC Nomura Mutual Fund has launched an 1100 days close ended equity fund called LIC Nomura MF Diversified Equity Fund-Series 2. The NFO is currently open for subscription and closes on November 24.
The scheme aims to generate capital appreciation by investing substantially in equity and equity related securities constituting S&P BSE 200 Index companies. The scheme will invest 80%-100% in equity and equity related instruments constituted of companies listed in S&P BSE 200 Index and up to 20% in cash and cash equivalents, debt and money market instruments.
The scheme offers growth and dividend payout options under both regular plan and direct plan. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter.
The benchmark of the scheme is S&P BSE 200 Index. The fund will be co-managed by Ramnath Venkateswaran and Nobutaka Kitajima.
