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Dhanvidya Fund

Basic Details

Last Declared NAV:
Growth: 7.8832
Fund House: LIC Mutual Fund
Redemption date: 15-Dec-2003
Status: Redeemed

Investment Strategy

The scheme seeks regular income and guarantee returns in the form of fixed scholarship to children after a certain waiting period. The scheme can be opened in favor of children less than 18 years of age and the scholarship is payable on a half-yearly or annual basis. The payment of scholarship would initially be 25 per cent of the face value in the yearly scheme and 12 per cent in the halfyearly scheme. The scheme would invest in equities, CDs and NCDs, and money market instruments.

Contact Information

AMC: LIC Mutual Fund Asset Management Company Ltd

Address: Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai - 400020

Phone: 022-66016177 / 022-66016178

Fax: 022-22880633

Email: [email protected]

Website: http://www.licmf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com