Regular income for short term
Investment in sovereign securities issued by Central State Government.
Risk - Moderate
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
|Investment Objective||The primary investment objective of the scheme is to generate credit risk free and reasonable returns for its investors through Investments in sovereign securities issued by the Central and/or State Government and/or any security unconditionally guaranteed by the Central/State Government for repayment of Principal and Interest and/or reverse repos in such securities as and when permitted by RBI. However, there is no assurance that the investment objective of the Scheme will be realised.|
|Minimum Application Amount||INR 5,000/- and in multiples of
INR 1/- thereafter.
For Systematic Investment Plan (SIP), the minimum amount is INR 1,000/- (Monthly) & INR 3,000/- (Quarterly) and in multiples of INR 1/- thereafter.
|Minimum Additional Amount (for subsequent investments under an existing folio)||INR 500/- and in multiples of INR 1/- thereafter.|
|Benchmark Index||I-Sec Composite Gilt|
|Load Structure||Entry Load – Nil
Exit Load - 0.25% if exit within 30 days from the date of allotment of units.
|Minimum Redemption||Minimum of INR 500/- and in multiples of INR 1/- thereafter.|
|Asset Allocation Pattern||
Depending upon the market conditions, market opportunities available, the political and economic factors and subject to the Regulations, the percentage investments of the fund may vary at times, based on the perception of the Fund Manager within the overall investment objective of the scheme.
|Fund Manager||Mr. Marzban Irani|
|Plans Available||Regular Plan and Direct Plan.
(The Regular and Direct plan will have a common portfolio)
|Options Available||1. Growth Option and 2. Dividend Option
The Dividend option has the following facilities: (i) Dividend Reinvestment Facility. (ii) Dividend Pay-out Facility. Default Investment option is Growth Option. For the Dividend option, the default facility will be Dividend Reinvestment.
|Applicable NAV||The NAV applicable for purchase or redemption or switching of Units based on the time of the Business Day on which the application is time stamped.|
|Risk Factors||For detailed scheme/securities related risk factors, please refer to the Scheme Information Document.|
|Statutory Details: Sponsor: Life Insurance Corporation of India.
Investment Manager: LIC Mutual Fund Asset Management Ltd. CIN: U67190MH1994PLC077858
"*Mutual Fund investments are subject to market risks, read all scheme related documents carefully."