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LICMF G-Sec Fund: Change in Load and Minimum Application Amount

The load structure under LICMF G-Sec Fund - Regular Plan is changed as follows:

  • For application size upto Rs. 1 crore, an entry load of 1.25%, but no exit load is chargeable.
  • For application size above Rs. 1 crore, no entry or exit load is chargeable.
Earlier, for application size upto Rs. 50 lakhs, exit load of 0.50% was applicable if units were redeemed within 3 months.

Further, the minimum application amount under the scheme is reduced from Rs. 10,000/- to Rs. 5,000/-.

The aforesaid changes are effective from December 17, 2008.