Fund News

LIC Mutual Launches Floating Rate Fund

Last updated: 14-Nov-2022•Value Research

LIC Mutual Fund has announced the launch of LICMF Floating Rate Fund. The fund would be open for sub

LIC Mutual Fund has announced the launch of LICMF Floating Rate Fund. The fund would be open for subscriptions from March 15 to March 29, 2004. The minimum investment for the scheme is Rs. 5000 with subsequent investments of Rs. 500. The fund would not charge any entry load but an exit load of 0.50 per for investments upto Rs. 50 lakhs if redeemed within 6 months and 0.25 per cent investments above Rs. 50 lakhs if redeemed within 3 months. It would be open for ongoing sales and repurchases from April 8, 2004.

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