L&T Mutual Fund introduces FMP Series XVIII - Plan A
Time - 25/09/2018 : 16:04
L&T Mutual Fund has launched the 'L&T FMP Series XVIII - Plan A', a close ended debt scheme. The NFO opens for subscription on September 25, 2018 and closes on September 27, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re.1 thereafter.
The schemes performance for will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers is Jalpan Shah and Vikas Garg.
The investment objective of the scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities, (including money market instruments),ac government securities and state development loans (SDLs) maturing on or before the maturity of the Scheme.
