LIC MF Balanced Advantage Fund – LIC Mutual Fund files offer document with SEBI
LIC Mutual Fund has filed an offer document with SEBI to launch LIC MF Balanced Advantage Fund an Open-Ended Dynamic Asset Allocation Fund.
The New Fund Offer price is Rs.10 per unit. The objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt, and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments
The fund manager for this scheme is Mr. Yogesh Patil and Mr. Rahul Singh
This product is suitable for investors who are seeking Capital appreciation over a long period of time and Investments in a dynamically managed portfolio of equity and equity related instruments (including arbitrage exposure), debt and money market instruments.”
The scheme asset allocation will be
- Equities and equity related instrumen (65 -100%)
- Debt & Money Market Instruments (including Triparty Repo) (0 – 35%)
- Units issued by REITs & InvITs (Upto 10%)
The riskometer for this scheme is Very High
LIC MF Balanced Advantage Fund Details
| Details | LIC MF Balanced Advantage Fund Details |
|---|---|
| Name of Mutual Fund | LIC Mutual Fund |
| Scheme Name | LIC MF Balanced Advantage Fund |
| About Scheme | an Open-Ended Dynamic Asset Allocation Fund |
| Offer of Unit | Rs.10 |
| Objective | to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt, and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments |
| Name of Fund Manager | Mr. Yogesh Patil and Mr. Rahul Singh |
| This product is suitable for investors who are seeking | Capital appreciation over a long period of time Investments in a dynamically managed portfolio of equity and equity related instruments (including arbitrage exposure), debt and money market instruments. |
| The scheme asset allocation will be | Equities and equity related instrumen (65 -100%) Debt & Money Market Instruments (including Triparty Repo) 0 – 35%) Units issued by REITs & InvITs (Upto 10%) |
| Riskometer | Very High |
| DRHP | Click here |
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