Regular income over short term
Investment in Debt & Money Market Instruments such that the Macaulay Duration of the portfolio is between 3 months - 6 months
Risk - Moderately Low
*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 returns through investment in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.|
|Minimum Application Amount||Minimum of ?5,000/- 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||CRISIL Ultra Short Term Debt Index|
|Load Structure||Entry Load: NA; 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 Plan (SIP) and Switch In facility would be available during NFO|
|Asset Allocation Pattern||
The Scheme will not invest in repo transactions in corporate debt securities.
|Fund Manager||Mr. Rahul Singh|
|Plans Available||Regular Plan & Direct Plan|
|Options Available||1. Growth Option and 2. Dividend Option
The Dividend option has the following facilities:
(i) Daily (Dividend Reinvestment)
(ii)Weekly (Dividend Payout & Reinvestment)
(iii)Monthly (Dividend Payout & Reinvestment)
Default Option: Growth Option
Default Dividend sub option: Daily
Default Facility: Dividend Reinvestment facility (between Dividend Reinvestment and Dividend Payout facility)
|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||The value in the investments is bound to change with changes in the factors affecting the market viz. Changes in interest rates, exchange rates, price and volume fluctuations in debt markets, taxation, govt. policies, and other economic and political developments.For more details, investors are requested to refer Scheme Information Document (“SID”).|
|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."