Widely read:
L&T Mutual Fund has introduced Daily Investment Plan under L&T Liquid Fund – Regular Plan – Cumulative option. Investors can then opt for daily transfer of fixed amount to the following target schemes:
- L&T Opportunities
- L&T Growth
- L&T Midcap
- L&T Multi Cap
- L&T Hedged Equity
- L&T Contra
- L&T Global Advantage
Minimum Investment amount (L&T Liquid Fund): Rs.10,000/-.
Minimum Transferred amount (to target scheme): Rs.50/-.
Beginning of first DIP: 7th day from the date of receipt of duly completed DIP Form.
Load: Same as of the respective schemes as applicable at the time of registration of DIP.
The transfers shall be done on business days of the equity schemes only, and will continue as long there is balance in L&T Liquid Fund – Regular Plan – Cumulative option. If the balance will fall below Rs.50/- the entire balance will transfer to equity scheme. For discontinuation of this plan, the investor should intimate in writing to the AMC/CAMS.
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