LIC MF introduces Short Term Debt Fund

LIC Mutual Fund (MF) launched the LIC MF Short Term Debt Fund, an open ended short term debt scheme. The NFO opens for subscription on January 11, 2019 and closes for January 25, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 & in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Marzban Irani.

The investment objective of the scheme is to generate returns commensurate with risk from a portfolio constituted of Debt securities and/or Money Market instruments.