Investment Objective
The investment objective of the Scheme is to generate long term capital appreciation by investing in diversified portfolio of equity & equity related instruments, debt & money market instruments and units of Gold Exchange Traded Funds (ETFs). There is no assurance that the investment objective of the Scheme will be achieved.
| Fund Overview | |
| Exit Load | Units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
| Min. SIP Amount | ₹ 200 |
| Min. LumpSum Amount | ₹ 5000 |
| Launch Date | 24th Jan 2025 |
| End Date | 7th Feb 2025 |
| Allotment Date | 14th Feb 2025 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | - |
| Scheme Benchmark | 65% Nifty 500 TRI + 25% Nifty Composite Debt Inde |
| Risk | Very High |
| Scheme Category | Hybrid , Multi Asset Allocation |
| Fund Manager | Nikhil Rungta |
| AMC Name | LIC Mutual Fund Asset Management Ltd |
| RTA | KFin Technologies Limited |
| Total AUM | ₹ 30,519.89 cr |
| Total Schemes | 33 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About LIC Mutual Fund Asset Management Ltd.
LIC Asset Management Company (AMC), part of Life Insurance Corporation of India (LIC), was founded in 1989 and incorporated in 1994. With a rich history of 59 years, LIC AMC has built a trusted brand, drawing investors through its legacy and reliability. As of March 2024, LIC AMC manages Rs 29,413.77 crores in AUM, offering 38 funds across various asset classes like index, equity, hybrid, solution-oriented, and debt. The active portfolio stood at 5,80,842 at FY 2022-23 end.
Key Highlights:
- Trusted Brand: LIC’s long-standing history of reliability attracts investors to LIC AMC.
- Diverse Portfolio: Investment options include ELSS, index, equity, and debt funds to meet different goals.
- Expert Fund Managers: Skilled professionals manage assets through varied market conditions for growth.
- Tax Benefits: ELSS investments offer tax deductions under Section 80C, with tax-free returns up to Rs 1 lakh upon redemption.
- Risk Management: Focus on risk-weighted returns using a blend of active and passive stock selection.
- Regulatory Compliance: Adheres to strict guidelines, ensuring transparency and timely updates.
- Liquidity: Offers redeemable units, unlike less liquid investments like PPF.
Happy Investing,
Saurav Parui.