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LIC Mutual Announces Conversion of Dhanvarsha (12)

Last updated: 08-Jul-2024•Value Research

LIC Mutual Fund has announced the conversion of Dhanvarsha -(12) to LIC Monthly Income Plan which w

LIC Mutual Fund has announced the conversion of Dhanvarsha -(12) to LIC Monthly Income Plan which will be an open-ended fund, effective June 1, 2003. There will be three options under the scheme - Monthly, Yearly and Cumulative Option. Monthly and Yearly Dividend options will also offer dividend reinvestment. The minimum investment is Rs. 25,000, Rs. 10,000 and Rs. 5,000 for Monthly, Yearly and Growth option respectively. There would be no entry load but an exit load of 0.50 % for redemption within 6 months and investment upto Rs.10 lakhs.

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