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LICMF Infrastructure Fund turns Open-Ended


LIC Mutual Fund has announced the conversion of LICMF Infrastructure Fund, a 36 months close-ended equity scheme into an open-ended equity scheme with effect from March 24, 2011.Investors who wish to continue can do so without doing anything. 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 amount will be Rs 2000 and thereafter in multiples of Rs 1 except in case of SIP where the minimum amount would be Rs 100.