LIC Nomura MF launches Capital Protection Fund – Series 3

LIC Nomura Mutual Fund has launched a new fund as LIC Nomura MF Capital Protection Oriented Fund Series 3, a close ended capital protection oriented scheme with the duration of 37 months.

The investment objective of the scheme is to achieve capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by investing in equity and equity related instruments.

The new fund offer (NFO) is open for subscription from April 21, to May 05, 2014.

During the new fund offer period the units will be offered for Rs 10 each.

The scheme offers two options viz. growth and dividend payout option.

The minimum application amount is Rs 5000 and in multiple of Re.1 thereafter.

The entry load and exit load charged will be Nil for the scheme.

The scheme would allocate 75%-100% of assets in debt securities and money market instruments with low to medium risk profile and invest upto 25% of the asset would be invested in options premium, equity & equity related instruments with high risk profile.

The benchmark index for the scheme is CRISIL MIP Blended Index.

The fund managers of the scheme are Y.D. Prasanna (debt portion) and Sachin Relekar (equity portion).


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