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Investment Objective

The investment objective of the Scheme is to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity/residual maturity of 1 business day. However, there can be no assurance that the investment objective of the scheme will be achieved.

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Scheme Category

Overnight Fund

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Benchmark Index

NIFTY 1D Rate Index

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Switch During NFO

During the NFO period(Switch request will be accepted upto 3.00 p.m. on the last day of the NFO)

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Minimum Application Amount

₹5000 and in multiples of ₹1 thereafter

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Minimum Additional Amount
(For subsequent investments under an existing folio)

₹500 and in multiples of ₹1 thereafter

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Application Supported by Block Amount (ASBA) During NFO

Investors also have an option to subscribe to units of the scheme during the New Fund Offer Period under the Applications Supported by Blocked Amount(ASBA) facility.

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Special Products/facilities available during the NFO

Systematic Investment Purchase (SIP) and Switch In facility would be availabe during NFO

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Option

1. Growth Option and 2. Dividend Option
The Dividend option has the following facilities:
(i) Dividend Re-investment Facility (available for daily, weekly & Periodic frequency)
(ii) Dividend Pay-out Facility (available for Periodic frequency)

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Load Structure

Entry Load : Not Applicable; Exit Load : NIL

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To know more,
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Financial Advisor

OR

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FILL YOUR DETAILS
By clicking on submit button, you hereby declare that the details provided i.e. your name, phone number email id and city are your own and you authorise LIC Mutual Fund/LIC Mutual Fund Asset Management Ltd. and/or its authorised service provider(s) to communicate Mutual Fund scheme related matters/documents and other information related to the investment products.This will override your registry on DND/ DNDC, as the case may be.