L&T Mutual Fund has announced the NFO L&T FMP - VI (May371D A), a close ended income scheme.
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.
The NFO opens for subscription on May 31, 2012 and closes on Jun 4, 2012. The duration of the scheme is 371 days from the date of allotment. It would mature on 12 June 2013. No entry and exit load charge is applicable for the scheme. The scheme offers dividend payout and growth option.
The scheme will be benchmarked against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The scheme will be managed by Richa Sharma and Hareshwar Karekar.
Source: Accord Fintech
