MUTUAL FUNDS
L&T MF introduces FMP-Series XX-Plan A (1471 Days)
Oct-27-2020

L&T Mutual Fund (MF) has launched the L&T FMP-Series XX-Plan A (1471 Days) a close-ended debt fund. The NFO opens for subscription on October 27, 2020 and closes on October 28, 2020. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against the performance to the CRISIL Composite Bond Fund Index and its fund manager is Jalpan Shah.

The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities, (including money market instruments), government securities and state development loans (SDLs) maturing on or before the maturity of the Plan under the Scheme.


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