LIC Mutual Fund has announced the conversion of LIC Top 100 Fund, a 36 months close-ended equity scheme into an open-ended equity scheme, with effect from January 7, 2011.
New investment in the scheme will be subject to an exit load of 1 per cent if redeemed within 1 year from the date of allotment.
The Minimum Investment in the scheme would be Rs 2000 and in multiples of Rs 1 thereafter, but in case of SIP minimum investment amount would be Rs 100.
