Capital appreciation over long term
Investing predominantly in portfolio of equity and equity related
securities of companies engaged in banking and financial services
Risk - High
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
|Investment Objective||The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking and financial services sector. However there can be no assurance that the investment objective of the scheme will be achieved.|
|Minimum Application Amount||Application Amount (Other than fresh purchase through SIP) – Rs.5,000/- (Daily/Monthly) and in multiples of Rs.1 thereafter.
SIP Amount – 1) Daily – 300/- and in multiples of Rs.1/- thereafter.
2)Monthly – 1000/- and in multiples of Rs.1/- thereafter.
3)Quarterly – Rs.3000/- and in multiples of Rs.1/- thereafter.
|Minimum Additional Amount (for subsequent investments under an existing folio)||INR 500/- and in multiples of INR 1/- thereafter.|
|Benchmark Index||Nifty Financial Services Index|
|Load Structure|| Entry Load – Nil
- 1% if redeemed or switched out on or before completion of 1 year from the date of allotments of units
- No Exit Load is payable if units are redeemed/ switched-out after 1 year from the date of allotment
|Minimum Redemption||Minimum of INR 500/- and in multiples of INR 1/- thereafter.|
|Asset Allocation Pattern||
The scheme asset allocation towards the financial services companies will be limited to a maximum of 20%.
|Fund Manager||Mr. Saravana Kumar|
|Plans Available||Regular Plan and Direct Plan.
(The Regular and Direct plan will have a common portfolio)
|Options Available||a) Growth Option: This option is suitable for investors who are not looking for current income but who invest only with the intention of capital appreciation.
b) Dividend Option: This option is suitable for investors seeking income through dividend declared by the Scheme. Under this Option, the Scheme will endeavor to declare dividends from time to time. The dividend shall be dependent on the availability of distributable surplus.
The Dividend option has the following facilities:
(i) Dividend Re-investment 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 Risk Factors please refer to paragraph on “Risk Factors” in this 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."