L&T Mutual Fund has announced the NFO of L&T FMP - VI (April 90D A), a close ended income scheme.
The NFO opens for subscription on April 30, 2012 and closes on May 2, 2012. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 90 days from the date of allotment of units. The scheme offers dividend payout and growth option.
The scheme will be benchmark against CRISIL Liquid Fund Index. The minimum application amount is Rs.5000 and in multiples of Rs.10 thereafter. The fund managers for the scheme will be Ms. Richa Sharma and Mr. Hareshwar Karekar.
The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of debt / fixed income securities maturing on or before the maturity of the scheme.
