Lic mf nfo: LIC Mutual Fund House launched a Multi Asset Allocation Fund on Friday, 24 January. It is an open-ended index fund that gives investors a great option to invest in equity, date and gold. This fund has been introduced especially for investors who want to capitalize in long -term by investing in equity, date and gold ETF divers portfolio.
Lic Multi Asset Allocation Fund: When will the subscription open
The new fund offer (NFO) of this scheme will open on January 24 and will close on 7 February. The Fund House reported in a bion that the scheme will reopened on February 18 for continuous sale and repurchase.
Nfo start date: 24 January 2025
NFO Closure Date: 07 January 2025
LIC Multi Asset Allocation Fund: Investment can start from Rs 5,000
The minimum application amount for LIC multi asset allocation funds can be invested in Rs 5,000 and then in multiple. In addition, the minimum amount of investment through SIP is Rs 200. Investors can also invest daily by Rs 100, monthly Rs 200 and quarter from Rs 1000 through SIP (Systematic Investment Plan).
Exit load: There is no exit load on the withdrawal of 12% units within 3 months from the date of allotment. However, an exit load of 1% will have to be given on the withdrawal of 88% units. There will be no exit load on withdrawal after 3 months from the date of allocation.
Lic Multi Asset Allocation Fund benchmark
The benchmark of this scheme is based on a combination of 65 percent Nifty 500 TRI, 25 percent Nifty Composite Date Index and 10 percent domestic gold prices.
Asset allocation of this fund
Equity: 65-80%
Debt and money market: 10-25%
Gold ETFS: 10-25%
Silver ETFS and Reits/Invits: 0-10%
Nikhil Rungta, Sumit Bhatnagar and Prateek Harish are fund managers for this fund.
Hybrid mutual funds attracting investors
According to AMFI data, Hybrid Mutual Funds saw a 27 percent increase in AUM during 2024, which increased from Rs 6.90 lakh crore in January to Rs 8.77 lakh crore in December.
MD and CEO of LIC Mutual Fund Asset Management Limited R.K. Of. Jha said, “Multi-asset allocation funds have recorded a good lead in AUM (Asset Under Management) in the hybrid category. This shows that investors are taking more interest in hybrid funds. Our new fund is specially created keeping in mind his trend. ”
LIC Multi Asset Allocation Fund: Who should invest
This fund will balance the equity, date and investment in gold according to market status. Strategies such as hedging and arbitrage will be adopted to reduce risk and get better returns. Equity investment will be made in all types of companies large and small. It will use both top-down and bottom-up methods to find opportunities.
This fund is right for those who want to make property by investing in long term and want to take advantage of investing in different asset classes. Experts say that for better and stable returns, one should invest for at least three years.
If you want to adopt a multi-asset strategy, this fund may be a good option for you. This will help maintain the balance of growth and stability. But before investing, keep your financial goals and the ability to take risks in mind.