Regular income with high levels of safety and liquidity over short term
Investment in debt and money market instruments with overnight maturity.
Risk - Low
*Investors should consult their financial advisers if they are not dear about the suitable of the product.
|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.|
|Minimum Application Amount||₹5000 and in multiples of ₹1 thereafter|
|Minimum Additional Amount (for subsequent investments under an existing folio)||₹500 and in multiples of ₹1 thereafter|
|Benchmark Index||NIFTY 1D Rate Index|
|Load Structure||Entry Load : Not Applicable; Exit Load : NIL|
|Switch During NFO||During the NFO period(Switch request will be accepted upto 3.00 p.m. on the last day of the NFO)|
|Special Products/facilities available during the NFO||Systematic Investment Purchase (SIP) and Switch In facility would be availabe during NFO|
|Asset Allocation Pattern||
Overnight Securities: Debt and money market instruments with overnight interest rate risk such as dept instrument with one business day residual maturity or where the interest rate is reset on a daily basis. Overnight securities include syntheti cover night positions such as reverse repo/tri-party repo transactions where the interest rate is reset every business day.
*instruments with residual maturity not greater than 1 business day, including money market instruments^, TripartyRepo#/ reverse repowith overnight maturity.
^Commercial papers, commercial bills, treasury bills, call or notice money, certificate of deposit, usance bill and any other like instruments as specified by the Reserve Bank of India from time to time.
#or similar instruments as may be permitted by RBI/SEBI.
The Scheme may also take exposure to:
The cumulative gross exposure should not exceed 100% of the net assets of the Scheme.
|Fund Manager||Mr. Rahul Singh|
|Plans Available||Regular Plan & Direct Plan (The Regular and direct plan will be having a common portfolio)|
|Options Available||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)|
|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."